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Sale & Buyback Transactions

20 Aug 2020 12:08 PM -
For a variety of reasons, your business clients may decide to purchase a new motor vehicle or business equipment and pay for the goods with their own funds.

As an example, your client may be presented with the opportunity to purchase a new work vehicle or item of equipment at a heavily discounted price. Rather than miss out on a great deal whilst arranging the finance, your client decides to pay cash to secure their new business asset.

But is this the most effective use of business capital?

A Sale & Buyback transaction enables your client to be reimbursed for the funds they spent to purchase a business asset, thus freeing up available capital for more productive use elsewhere in their business.
To qualify for a Sale & Buyback transaction, the following criteria typically must be satisfied:
  1. The business vehicle or equipment has been purchased within the last 30-60 days.
  2. Written proof must be supplied to verify the business asset has been purchased and paid for by your client. A copy of the supplier tax invoice and proof of payment via a bank statement or receipt will be required.
  3. The business asset may require physical inspection by the lender or their authorised representative.
  4. Sale & Buyback transactions are only available for commercial asset finance transactions (not consumer loans).
If you have any clients who may benefit from a Sale & Buyback transaction to be reimbursed for any recent business asset purchases, please contact one of our friendly team at NLG Leasing today to find out more.

Lender Profile- Iron Capital

NLG Leasing has recently welcomed Iron Capital to our lender panel.
Iron Capital is a specialist business equipment lender focussing on the mining, civil and building construction and earthmoving industries.

Business assets that can be funded by Iron Capital include earthmoving equipment such as excavators and bulldozers, quarry equipment including crushers and screeners, heavy haulage trucks and related equipment such as trailers and loaders.
Iron Capital offers three unique loan products – Equi-Rent, Rent to Purchase and Sale and Lease Back – to eligible business customers.

And depending on your loan scenario, Iron Capital often does not require business financials or bank statements for loan assessment purposes.

If you have any clients operating in the above industries who require finance to purchase additional business equipment, talk to us today about Iron Capital’s unique loan product suite and financing solutions.

Marketing Resources

A friendly reminder that all accredited NLG Leasing referral partners have complimentary access to our suite of asset finance themed email and social media marketing resources.

Our generic, non-branded templates and images are available to you, at no cost, and can be fully customised to suit your own individual marketing and client messaging requirements.

To view and download your preferred email and social media templates and images to send to your clients to generate additional asset finance opportunities simply click HERE. We also recommend saving this landing page as a Bookmark for easy future reference to all of NLG Leasing’s marketing templates.

Happy to help.

If you are looking for a solution to assist your consumer and commercial clients with all asset, equipment and cash flow finance solutions - but don’t yet have the knowledge and can’t justify the high costs associated with multiple accreditations, specialist systems or a full time specialist on the payroll – then NLG Leasing is the right business partner for you. If you would like more assistance, please contact the NLG Leasing team on 1300 722 011 or email support@nlgleasing.com.au

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