Get in touch
TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
As a well-established car and van rental company, the owners of the business had seen their turnover severely impacted by the ongoing lockdowns from the recent pandemic. In fact revenue had almost halved from pre COVID levels and the Directors had also deliberately taken the decision to dispose of a number of vehicles on their fleet.
As businesses started to reopen and some sort of normality returned, the start of 2022 saw demand for vehicle rental return and with it a need to invest in new vehicles.
Despite the financial impact on the business during the last two years, TVAF were quickly able to secure suitable vehicle hire purchase terms for the company to enable them to purchase six new cars for their rental fleet. We were able to do this because we not only knew the client well and could demonstrate they had an excellent track record but also have extensive knowledge of the vehicle hire sector.
A three-year hire purchase facility was approved with no additional security required despite the recent trading losses.
If you are a business owner looking to invest in additional vehicles, plant or machinery, contact us today to see how we can help you arrange Hire Purchase or Lease for your asset finance needs.