to beat credit squeeze
Northgate Vehicle Hire has launched a sale-and-rentback product
for fleets, which it said will be of particular use in the midst of
an economic slowdown.
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Northgate said that, depending on the age of the vehicles sold
to it, “companies will either rent the same units back at a fixed
rate or, if older than 27 months, take immediate delivery of new
vehicles.”
MD Phil Moorhouse commented: “We view ‘sale and rentback’ as the
smart move for forward-thinking businesses. Not only can they
budget more effectively but they also have the flexibility to
increase or reduce the number of vehicles operated at anytime
without financial penalty, unlike contract hire.”
Motor Finance Issue: 41 – March 08
Published for the web: March 27 08 17:8
Last Updated: March 28 08 17:30
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