When you sell your asset to us, the money goes straight into your cash reserves – ready for you to spend.
Sale and leaseback transfers ownership of your existing assets from the owner to Lombard. You then continue to use the assets, effectively leasing them from us for a monthly fee.
Using this process frees up cash for your business – and could help you more effectively measure the cost of buying, financing, maintaining and disposing of your assets.
Customers may be responsible for any maintenance or repairs due on their asset. Contact us or see your contract terms for more details.