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As often happens I have found myself at odds with some leasing companies who are promoting either sale and rentback or sale and leaseback. The majority of company vehicles are still owned outright and with times getting tougher out there some lenders have been promoting a scheme known as sale and rentback, whereby you sell your company cars to Read more »

I recently warned anyone who has a car they own to get out of it as soon as possible and get into a lease car that carries no residual risk and reduces cash flow. The drop in used car values achieved at auction has again been highlighted by British Car Auctions who reported an average monthly drop in May of 3 year old cars of 2.6%. This continued into June with the average drop reaching 4.2%, the largest single month’s movement for several years. Again, get out of car ownership and into a form of finance which takes away all of the residual risk. By Graham Hill