£157.5k hire purchase funded for Cheshire based haulage firm

The Challenge

An existing customer, operating in the haulage and transport sector, was determined to secure the cheapest deal on the market for their next company vehicle.

The pressure was on for PMD to deliver the most competitive price, whilst being up against Mercedes directly.

The Solution

Ethan Sutcliffe, Business Development Manager at PMD, was able to secure a £157.5k hire purchase agreement spread over a 60 month term with minimal deposit.

This included a higher balloon payment of 49%, providing the customer with lower monthly payments. It was also the most competitive deal on the market, and the customer was more than happy to move forward with it.

The Result

Once proposed, PMD gained approval within 48 hours, allowing the customer to have access to their new vehicle within days with minimal disruptions to business operations.

With access to a lending panel of over 150 funders, PMD were able to act with efficiency and confidence, enabling a speedy turnaround for the customer.

"It was great to get the deal over the line for a long standing customer. By utilising our wide panel of lenders, I was able to access the highest balloon and get the customer's monthly repayments as cheap as possible."