As well as helping businesses with finance solutions, we also work towards generating partnerships to our loyal suppliers. In this case, we have a company providing premium used vans in the UK.
The Background
This van sales business was looking for a finance partner who was able to offer attractive rates and balloons on hire purchase agreements for their clients. This was something that not many lenders tend to offer to the van industry, and therefore this company came to us to help them out and enhance the financing options available for their customers.
The Partnership
Our partnership so far has enabled them to grow their revenue and boost sales by offering bespoke finance options tailored to their customers’ requirements. Additionally, we’ve supported their marketing efforts with quarterly campaigns designed to drive new business and strengthen their brand presence.
Moorgate Finance have been able to step in and beat 0% finance offers by leveraging strategic balloon payments, even for custom vehicles with higher costs due to additional features. With our expertise, we’ve been able to secure more affordable monthly payments for our clients. Plus, with the benefit of corporation tax offsets from lease agreements, we’ve been able to help businesses secure finance packages that have ultimately cost them less over the term of their agreement than if they had purchased the vehicles outright.
A key deal example was funding for four VW ID Buzz’s, which are one of VW’s newest fully electric vans. Moorgate Finance were able to fund a deal of £200,000 over 5 years with a 30% balloon. This allowed the business to expand their fleet whilst benefitting from tax exemptions and major savings in fuel. The vehicles will allow the business to generate c£50,000 per year, per vehicle, meaning a sharp growth in turnover and the vehicles paying for themselves within the first year.
The Highlights
✅ Van sales company were looking for a finance partner who were able to offer attractive rates and balloons
✅ The partnership has enables them to grow their revenue and boost sales
✅ We have been able to beat 0% finance offers and allowed customers to ultimately pay less over the term of their agreement than if they had purchased the vehicle outright
We want to help more businesses like this in the future, and also find more suppliers to partner with to enhance their revenue while ensuring the highest levels of customer satisfaction through affordable and accessible financing options.
If you’re looking for a reliable, personable finance partner to boost your business opportunities, don’t hesitate to get in touch. Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.