Contract Hire | Walden Leasing & Fleet Management

By: Walden Leasing & Fleet Management  05/12/2011
Keywords: Vehicle, fleet management, Balance Sheet

Benefit from a flexible approach that allows us to tailor to your individual financial and operational objectives.

This leaves you with a more efficient fleet that is protected from the uncertainties associated with vehicle ownership.

We take care of the administrative burden associated with buying and maintaining your fleet, leaving you free to focus o­n your core business.

As well as freeing up your capital, Contract Hire eliminates exposure to unpredictable residual values. Our buying power and agreements with suppliers enables us to pass o­n real savings to you in the form of lower rentals. And with o­ne fixed monthly cost you’ll find it easier to budget accurately and predict your company’s cash flow.

Off Balance Sheet Funding

Under contract hire your vehicles do not appear o­n your company’s balance sheet as they are owned by us. The removal of capital assets from your balance sheet can enhance your company’s gearing (borrowing) ratio.

Fixed monthly cost

A fixed monthly payment is charged over the life of the contract and the initial up front payment is normally just three month’s rental. Fixed monthly costs for the period of the contract makes budgeting much easier. In turn more accurate budgeting improves your company’s cashflow.

Reducing your Financial Risks

Managing the risks involved in running a vehicle fleet is all important and that’s exactly what you can do when opting for contract hire. Walden Leasing takes all the risks involved in everything from residual values and maintenance to interest rates. That leaves you to simply pay the monthly contract hire costs, insurance and to fuel the vehicle.

Reducing administrative hassles

We supply, service and dispose of your vehciles, administration for the customer is kept to a bare minimum.

What if I purchase my current fleet?

We have substantial experience in assisting our customers through the transition from more traditional funding methods to contract hire. This can be achieved by allowing us to purchase your current fleet from you, at an agreed price, immediately enabling you to take advantage of the financial and administrative benefits outlined above.

Keywords: Balance Sheet, Capital Assets, Financial Risks, Fixed Monthly Cost, fleet management, Residual Values, Vehicle,

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