A client operating a harvesting business sought to purchase a new pickup truck. However, the dealership’s finance offering did not align with the client’s cashflow situation. The dealership required a 20% deposit, plus VAT, spread over 48 months. The client was reluctant to deplete their cash reserves with upfront payments. Consequently, the client approached our company seeking assistance in finding a suitable solution.
The primary challenge was to identify a financing arrangement that accommodated the client’s cash position while meeting the requirements of their business. It was crucial to ensure that the monthly payments remained affordable and did not strain the client’s cashflow.
Upon engaging with the client, we thoroughly analysed their business needs and discussed various options. Through our expertise in financial solutions, we swiftly developed a tailored deal that aligned with the client’s requirements. The proposed solution involved securing approval for a VAT-only deposit, to be paid over 48 months, with a balloon payment at the end of the agreement. That strategic structure allowed for significantly lower monthly payments despite the reduced initial deposit.
By implementing our recommended funding solution, the client successfully retained cash within their business. This not only ensured a stable cash position on a month-to-month basis but also enabled them to acquire financing at a competitive rate. With our assistance, the client effectively navigated the financial hurdles associated with purchasing a new pick-up vehicle, allowing them to focus on their core harvesting operations and drive business growth.
Services
Unit 2, Block B, Kittle Yards,
Causewayside,Edinburgh, EH9 1PJ
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