Expanding operational capabilities
Traffic Management
Financing Two DAF Trucks
Clear Business Finance helps a traffic management company to expand their fleet through a cash efficient Hire Purchase agreement.
The Challenge
A highspeed traffic management company carrying out work on motorways & A roads, currently had a fleet of 11 vehicles which they were renting from a local supplier. They had recently been awarded new accreditations; thus, providing them with the potential to expand their operations. However, there were many factors to consider.
The shareholders began to explore the possibility of acquiring two additional DAF LF55’s trucks of their own. They ideally wanted to avoid renting due to the added deployment flexibility this would give the business. In addition, the associated fees had to also be taken into account ranged from the extra staff required to operate the vehicles, through to maintenance costs which they would now be responsible for as the registered owners. In order to curb the impending cash demands and forgo financial fatigue, they needed a solution.
Key Facts
Amount Financed
£35,010
Product
Vehicle Finance
Location
Southampton
Contacted us via
Phone (We are easy to talk to)
The Results
At Clear Business Finance we knew this problem could be approached in many ways. A business loan would be viable to support liquidity and the wage demands of new personnel, a vehicle finance agreement on the other hand would facilitate the acquisition of the additional vehicles, alternatively a combination of the two might provide a best of both world scenario.
Having discussed with our client, in this particular instance vehicle finance was deemed to offer the more favourable terms. Set up fees would be totally avoided, and more preferable rates agreed. Within less than 24 hours we had secured a highly competitive Hire Purchase agreement, this would encompass both vehicles and break down the expenditure over a 5-year term. Furthermore, as the vehicles were used and therefore had already experienced a large part of their depreciation curve, our client opted for an agreement which ensured their manageable monthly repayments would be contributing towards eventual ownership.
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Success Stories
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Available funds
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Amount Advanced
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Available funds
within 24 hours
Client
A leading tooling retailer