Sale & Rentback - In an uncertain climate - it pays to be flexible

We simply value your fleet, buy it from you and hire it back to you replacing over-age vehicles with a newer, more fuel efficient fleet.

How to unlock your working capital. It's as easy as 1,2,3...

Step 1

We inspect your fleet of vehicles and within 10 days provide you with a proposal which includes a valuation of your fleet carried out in line with industry guidelines*.

Step 2

We purchase your vehicles at an agreed price to release working capital from your depreciating assets.

Step 3

Depending on the age of your vehicles we will then hire them back to you at competitive rates, which will include servicing, maintenance, repairs and other typical running costs, like road fund licenses.

Vehicle over three years will be replaced immediately and the remainder of your fleet will be covered by a 'new for old' rolling programme, ensuring your business benefits from having a modern up to date fleet.

Step 4

Rental

After just 10 months commitment you will then be able to convert your fleet to Norflex, our truly flexible vehicle hire option. Norflex allows you to add to, change, or reduce your fleet at any time without penalty or the constraints of a contract.

We're all looking to work smarter – to control costs, streamline our workloads, maximise our budgets and do whatever we can to gain advantage over the competition.

Northgate’s Sale & Rentback is the simple way you can move from owning your vehicles to operating a truly efficient and flexible fleet.

You will be able to

  • release capital
  • take assets off your balance sheet
  • remove residual risk
  • improve cash flow
  • gain predictive certainty of your fleet costs

After a 10 month contract, the shortest term in the market, you upgrade to Norflex, providing you with complete flexibility across your fleet.

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