Three-Vehicle Fleet Build Funded for London Car Rental Business
Where it left the business
The Tesla Model Y and Hyundai Santa Fe have both been paid out and delivered, adding two vehicles to the business's rental fleet within around three weeks of application. The Kia Niro has been accepted on the even better terms and is ready to fund as soon as the supplier invoice is received, bringing the fleet expansion to three vehicles.
Supporting facts
The ambition
A London-based car rental business needed to expand its fleet with premium used vehicles to meet growing customer demand, while keeping monthly costs structured and predictable across multiple acquisitions.
How the finance was structured
Sourced hire purchase funding for a used Tesla Model Y Long Range AWD SUV and a used Hyundai Santa Fe Premium Hybrid, each structured over a 48 month term at a fixed flat rate. A third vehicle, a 2023 Kia Niro 1.6h GDi, has since been approved on the same terms to continue the fleet expansion.
What it made possible
The Tesla Model Y and Hyundai Santa Fe have both been paid out and delivered, adding two vehicles to the business's rental fleet within around three weeks of application. The Kia Niro has been accepted on the even better terms and is ready to fund as soon as the supplier invoice is received, bringing the fleet expansion to three vehicles.
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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