When you run a luxury business, you need the luxury assets to go with it.
That was the case when we worked with a chauffeur business specialising in airport transfers and corporate travel.
Working with some huge corporate companies meant there was no compromise when it came to luxury, this business needed the very best.
The Challenge
This chauffeur business was looking after huge commercial contracts with companies like Netflix, BBC and Hitachi. Not only that, they’d also just secured another new contract – their biggest yet.
Securing this contract meant they now needed multiple new vehicles to fulfil the requirements of the customer and ensure the ‘luxury’ element wasn’t lost from their service offering.
The challenges came in the customers credit rating. Being rated as ‘poor’ would potentially pose a problem getting what they needed, until they came to Moorgate…
The Solution
Vehicle finance is the bread and butter of Moorgate Finance. We know exactly who to approach and how to structure applications for the best chance of approval, whatever the credit rating.
We were so pleased to be able to honour our word for this customer and managed to secure funding for 2 Mercedes V Class vehicles, with a total value of £115,000.
This funding meant the chauffeur business were actually able to accept work for this contract earlier than anticipated, keeping their customer happy and the business generating income for their new vehicles.
The Highlights
- £115,000 funding secured for 2 Mercedes V Class vehicles.
- Overcame challenges with a poor customer credit rating.
- Allowed the business to start their new customer contract earlier.