Cars And Commercial Vehicles
Case study
A machinery manufacturer who required their UK sales representatives to have the use of Land Rover Discovery 4x4 vehicles to carry out their work. ECF has a fleet discount arrangement with this manufacturer so we sourced the vehicles, cut the delivery time to one month from five months and set up a two year fixed hire agreement for the firm on three Land Rover Discoverys based on a fixed mileage operating lease. ECF underwrote the residual values to keep the customers repayments to a minimum during the two year hire and will remarket the vehicles at the end of the term, allowing the customer to return them with no further commitments.
Funded for almost any of our customer sectors, working in most industries. Most customers’ face the dilemma of running a vehicle or a fleet of vehicles as part of their business. We advise and can set up any type of vehicle finance scheme: from a straight forward Hire Purchase agreement on a used car purchased from E-Bay, to a multi fleet deal of vehicles purchased with fleet discounts from a manufacturer on a Lease Hire Agreement. Vehicle deals are often written with customer balloon payments or buybacks from suppliers at the end of the repayment term to keep repayments minimal during the repayment period. ECF will underwrite vehicles for Lease Agreement residual values as well giving our customers access to certain fleet discount schemes we are party to.