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The Challenge
PMD were approached by an existing customer who was paying £4,000 per month to hire two plant excavators for ongoing projects.
This high rental cost was eating into their margins, so they decided to purchase two second-hand units instead. Owning the assets would not only reduce costs, but also improve profitability on future contracts.
The Solution
Business Development Manager, Jamie Jones, and the team at PMD were able to step in and quickly secure the necessary funding, facilitating a £43k hire purchase agreement across both assets.
The process was completed within a week, ensuring the customer could purchase the excavators in time to avoid re-hiring costs for a large upcoming contract.
The Result
By switching from a monthly hire cost of £4,000 to a repayment of £911.14, the customer instantly increased their margin on the new contract.
They now own the equipment, giving them greater control and long-term savings.