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Driving Schools·Asset Finance

Funding Secured For 17 New Dual Controlled Driving School Cars

Where it left the business

The client had 17 new vehicles funded ready for their post summer growth and onboarding new drivers. Our team ensured that the livery was completed to a high standard inline with their brand guidelines, sourced He-man dual controls and ensured their was a smooth system in place to get the vehicles delivered to the end instructors.

Supporting facts

Facility Amount
£260,000
Term
48 Months
Rate
8.9% APR
Time to Fund
10 Days

The ambition

One of the UK's largest Driving School networks recently approached Sorbus Finance to fund 17 new dual controlled cars. They had worked with finance brokers in the past who were unable to provide a turn-key funding solution that also covered the cost of the dual controls and vehicle livery. In addition to this, they also requested supported in sourcing vehicles that were cost effective for their business needs.

How the finance was structured

Our team were able to build a finance package that delivered 17 new dual control cars, including the costs of dual controls, livery and delivery to the end users all in one monthly payment. In addition to this, our team were able to support the customer with an optional VAT deferral which gave the client additional cash flow support.

What it made possible

The client had 17 new vehicles funded ready for their post summer growth and onboarding new drivers. Our team ensured that the livery was completed to a high standard inline with their brand guidelines, sourced He-man dual controls and ensured their was a smooth system in place to get the vehicles delivered to the end instructors.

Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.

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Kacper Materek, Fleet & Mobility Finance Specialist at Sorbus Finance

Kacper Materek

Fleet & Mobility Finance Specialist

Fleet, car rental, driving schools, coaches and vehicles

Profile

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Client journey

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