Sale & Rent Back
If you’re struggling to secure finance because you don’t fit the criteria of traditional banks and lenders, consider Sale & Rent Back as a solution. This financial arrangement enables business owners to unlock the equity in their existing assets, such as tucks, vans, trailers, machinery, or other depreciating assets, freeing up cash that can be used towards other areas of the business. Whether you need to invest in new equipment, hire new staff, or simply have more working capital, Sale & Rent Back is a solution for business owners who need to make the most of their existing assets.
What is Sale & Rent Back?
Sale & Rent Back is a financial arrangement where you borrow against vehicles, machinery, or other depreciating assets to a finance company, who then rents the assets back to you for a set period of time. This gives you the opportunity to unlock the equity in your depreciating assets and put that cash towards working capital. You are essentially Renting to Own your own asset.
How does Sale & Rent Back work?
The process is simple. You send Trademate your vehicle details and we’ll arrange to value it against comparable assets. Once the contract is established, you make an initial loan commencement payment followed by weekly payments for the remainder of your contract term.
During the rental term, all operating costs are payable by (you) the renter including; registration, insurance, servicing, and maintenance – just like you would anyway owning the asset.
Here’s an example: if you own a truck but don’t have the cash to purchase a new trailer, you can unlock the equity in your truck to buy the trailer you need. This way, even if your finances are not the best, you can still make the necessary equipment purchases to grow your business.
Sale & Rent Back provides a solution for those looking to unlock equity in their depreciating vehicle assets. With a simple process, it’s a hassle-free way to free up working capital and focus on what’s important: your business.
If you want more information on Sale & Rent Back, just contact us. We’re here to help.