Asset Finance deal using CBILS helped client reduce their monthly payments while allowing them to purchase two new motorhomes.
Luna Motorhome Hire, an existing client of Breadalbane was looking to purchase two new motorhomes through asset finance, to help grow their fleet whilst utilising CBILS (Coronavirus Business Interruption Loan Scheme).
Luna Motorhome Hire had been renting two motorhomes, resulting in monthly expenses which the client wanted to reduce to as low as possible.
Breadalbane worked closely with the client and funder to find a deal that matched their requirements and proposed a deal over the maximum term available with the funder, along with a balloon payment at the end of the agreement. As the deal was completed through the CBILS scheme, it meant that no interest needed to be paid for the first year.
Luna Motorhome Hire were able to lower their monthly costs while purchasing two new motorhomes. This was due to the 60-month deal term, CBILS and the balloon payment that Breadalbane negotiated. As a result, Luna Motorhome Hire was able to grow their fleet for the upcoming season and deliver additional working capital.
What The Client Said
“Our introduction to Breadalbane was the best thing for our business. They’ve supported and continue to support our business growth year on year, and I intend to continue to use them for the foreseeable future.
I have recommended Breadalbane to a number of other motorhome hire companies and businesses who require asset finance.
I look forward to continuing to work with their friendly, hardworking team in the future.”
What is Asset Finance?
Free up your working capital by spreading the cost of new or second-hand asset purchases or leverage the equity in your existing assets. Whether it’s equipment, machinery or vehicles, we’ll find the best option to suit the scale of your operations and the flexibility you need to meet customer demand.