Vehicle rental company receive 6-figure finance facility secured by PMD

The Challenge

A customer within the vehicle rental sector was undertaking a large buying cycle, so wanted to hold onto cash but keep monthly figures low for their fleet.

The Solution

PMD Business Finance were able to secure an asset finance facility for over £250,000 including a reclaimable VAT deposit. As well as a large balloon, we were able to facilitate the hire purchase for the customer and keep him happy on all fronts.

The Results

As a result, the customer has since returned for further facilities.

“This transaction allowed the customer to undertake more purchases whilst ensuring the monthly payments are both affordable and profitable throughout. We structured the deal to make sure that the warranty on the vehicle is maximised and the costs are fixed throughout.”