Fleet Advantage’s sale-leaseback program provides the ability to dispose of surplus trucks and convert “dormant equity” locked up in truck ownership into cash with the opportunity to upgrade fleets at a future date. Fleet Advantage will purchase a set number of existing truck equipment assets and lease them back to clients at a predetermined, fixed monthly rate until clients transition into newer, safer equipment. The transactions also may produce an ongoing reduction in overall costs.

Read the full article here:

https://www.monitordaily.com/news-posts/fleet-advantage-secures-24-5mm-in-new-business-through-sale-leaseback-program/