Case Study: Vehicle Rental Company
The client need
A well known vehicle rental business required a luxury vehicle on hire purchase over a period of 48 months. Not exactly a tall order, but when they also requested VAT deferral, and the option for a 10% deposit, things started to rev up. In a highly geared business like the super car sub-hire market, making finance arrangements like this is no small order, and presented certain obstacles to navigate for our finance team.
Not ones to shy away from a challenge, the team at Davenham, headed up by Sales Director, Paul Lovelock, got to work to meet the client's requests liaising with the broker throughout the whole process, even when faced with organising a 10% deposit on a fully priced £128,000 Range Rover.
The Davenham solution
Davenham not only arranged to accommodate a 48 month hire purchase, with a 10% deposit, and VAT referral, but we also ensured a 12.5% yield to Davenham and delivered the whole finance package with an accelerated turnaround.
A pretty successful outcome all round.
A well known vehicle rental business required a luxury vehicle on hire purchase over a period of 48 months. Not exactly a tall order, but when they also requested VAT deferral, and the option for a 10% deposit, things started to rev up. In a highly geared business like the super car sub-hire market, making finance arrangements like this is no small order, and presented certain obstacles to navigate for our finance team.
Not ones to shy away from a challenge, the team at Davenham, headed up by Sales Director, Paul Lovelock, got to work to meet the client's requests liaising with the broker throughout the whole process, even when faced with organising a 10% deposit on a fully priced £128,000 Range Rover.
The Davenham solution
Davenham not only arranged to accommodate a 48 month hire purchase, with a 10% deposit, and VAT referral, but we also ensured a 12.5% yield to Davenham and delivered the whole finance package with an accelerated turnaround.
A pretty successful outcome all round.