If your business already owns its vehicles, Star Rentals offers a strategic Purchase and Leaseback model. This allows you to release the equity tied up in your current fleet while transitioning to a fully managed 1-7 year contract hire agreement.

We take over the operational burdens of ownership - handling servicing, repairs, road tax, and MOTs - leaving you with only two responsibilities: insuring and fuelling your vehicles.

How the Process Works

Our transition process is designed to be seamless, ensuring your business remains fully operational throughout:
 

• Vehicle Acquisition: We purchase your current vehicle(s) from you. You can choose to receive the full market value as a cash injection for your business, or alternatively, use that value to reduce your ongoing monthly rental payments.

• Seamless Transition: We manage all the necessary administrative procedures to ensure a smooth transfer of ownership without interrupting your daily schedule.

• Comprehensive Management: Once the agreement begins, we assume full responsibility for all scheduled servicing, mechanical repairs, and necessary parts replacements.

• Single Fixed Payment: All costs are consolidated into one predictable, fixed monthly invoice, making financial planning and VAT reclamation straightforward.
   

Key Benefits for Your Business

A Purchase and Leaseback agreement provides immediate financial and operational advantages:
 

• Improved Cash Flow: Convert depreciating assets into liquid capital to reinvest in your core business activities.

• Fixed-Cost Budgeting: Eliminate the risk of unexpected repair bills. Your only additional outgoings are fuel and comprehensive insurance.

• Guaranteed Mobility: You never have to worry about downtime. If your vehicle requires workshop time for repairs, we provide a temporary relief vehicle to ensure your business stays on the move.

• Expert Compliance: Our team ensures your fleet remains fully compliant with MOT and maintenance schedules, reducing your administrative workload.
   

By moving your existing fleet onto a Star Rental contract hire plan, you gain the peace of mind that comes with professional fleet management.

To find out how much your current fleet could be worth in a leaseback agreement, contact our Mallusk office: Phone: 028 9083 2232