Location: /Finance Mortgages & Loans/Asset Finance/Sale and Hire Back (For Equipment)

This facility is generally available for equipment or vehicles that have been purchased within the previous three - six months.

Using a Sale & Hire/ Back facility, you can refinance your existing vehicle or equipment to the financier. The equipment is then hired or financed back to you over pre-agreed terms. Sale & Hire Finance Back can provide you with valuable cash-flow enhancements.

Chattel mortgage finance would be the typical finance instrument when considering this method of refinancing. Selling the goods to a financier may incur a taxation liability, whereas committing to a chattel mortgage agreement over the goods does not allow title to flow. The financier simply has a charge over the goods (Consultation with your accountant is always recommended when financing is raised in these circumstances).