Custom Search
|
|
How About Getting Your Own Vehicle On Lease?
Such companies can use what we say the Sales & Leaseback arrangement. The Sales & Leaseback arrangement basically allows the seller of the vehicle to lease the vehicle back from the buyer of the vehicle. In such a condition, the seller gets an advantage of owning the same vehicle once again but for a specified period of time. In this arrangement, both the initial buyer and the seller have to sign the leasing agreement or the leasing contract. Thus, the Sales & Leaseback arrangement has the following advantages:- • The initial buyer has the advantage of using the same vehicle for a longer span of time. • By entering into the Sales & Leaseback arrangement, the vehicle is no longer written as an asset in the company’s balance sheet. • Whatever money the company receives after selling the vehicle, it can be invested somewhere else. • The risk of ownership and maintenance of the vehicle gets transferred to the new owner of the vehicle. By using the Sales & Leaseback solution, the company gets an added flexibility to purchase new vehicle or any other equipment or change the rental term or the amount which the company pays whenever it wishes to pay. There can be different reasons for a company to get into the Sales & Leaseback agreement. Normally the Sales & Leaseback agreement is preferred for the purpose of financing, accounting and tax reasons. At the end we can only say that this Sales & Leaseback solution is a good option of retaining your own vehicle for a long time and moreover, since the vehicle was property of a particular person so he/she knows about its condition; whether the running cost of the vehicle is within the reach of your pocket or not. Article Directory: http://www.articledashboard.com Explore more about Contract Hire | Car Leasing | Personal Contract Hire |
|