- Lease Direct will purchase your firm's fleet vehicles for a fixed agreed price.
- Lease Direct will lease back those vehicles to your firm at a fixed monthly lease payment.
- Criteria of this Replacement Program:
- Your firm's vehicles must be no older than 10 years;
- The most economic term of lease for your firm is to have vehicles leased up to 44 months, and having vehicles returned at between 140,000 and 170,000 kilometres.
Benefits of Leasing
- Capital value of existing fleet returned to Company for reinvestment in revenue generating operations;
- No capital outlay for vehicles as they require replacement;
- Off Statement of Position (Balance Sheet) financing improves shareholders ratio;
- Improved budgeting with forecast fixed monthly payments;
- No residual Risk at end of lease - simply return the vehicle at termination with no liability for resale value;
- Lease payments are fully tax deductible - lowers tax liability;
- One monthly payment covers all maintenance, tyres, re-licensing etc.;
What is Covered
- All scheduled servicing and all non-routine maintenance
- Replacement tyres
- Wiper blades
- Annual re-licensing
- Windscreen repairs (chips)
- Puncture repairs, wheel balancing and wheel alignments
- AA Breakdown / Roadside Assistance service
- WOF inspections
- Loan vehicles
- Regular reporting on