Services

End of Lease Solutions

End of Lease Solutions

We provide all aspects of End of Lease / Contract management for our clients. Essentially this means we act as an independent third-party to facilitate the transfer of title on assets that have been originally funded on Finance Lease, Operating Lease or Hire agreements. The benefits of undertaking this procedure on assets that have entered into peppercorn secondary rentals can ensure companies can make significant monetary savings. Or on operating lease, assets can bought via a sales agency to remove themselves from the costly scenario of being accountable to pay return condition charges.

In the first instance we act on our clients behalf to ascertain asset sales values for the purpose of closing the lease. In most cases after we have agreed a mutual sale. We invoice the respective lessor for the asset and sell onto the client. This way we can evidence a formal sale, the passing of good title with the supporting documentary evidence. Upon completion of this process our clients can be safe in the knowledge that asset ownership is firmly with them. We are very well versed in this process as this can be a cumbersome process as each finance company has a different approach and methodology in the treatment of end of lease management. 

Key Features & Benefits

  • Alleviates the administrative and expensive secondary peppercorn rentals from your business
  • You are able to retain the full equity on your asset value as you are the legal owner
  • You are able to sell, export or use the asset as a part-exchange knowing the asset is removed from HPI
  • Having legal title to your assets enhances the value of your business
  • You are able to enter into refinance transactions more easily as the assets are unecumbered

To find out how Advance Finance & Leasing can save your business money and handle this complicated exercise on your behalf, please get in touch at enquiries@advanceleasing.co.uk

Services

End of Lease Solutions

We talk the same language, We understand your business

We understand the immense pressures of running a fleet of vehicles. We can help you by expanding your base of asset finance suppliers, in-turn building and sustaining a really competitive and efficient environment