Financing Vehicle Fleet Upgrade for a Farm Animal Vets Practice

Challenge

Our customer, a well-established farm animal veterinary practice based in the West of England, was looking to upgrade their existing fleet, and with plans to order several vehicles - each priced around £23,000 - they needed a financial solution to effectively manage the cost.

Solution

Having successfully funded equipment and vehicles through us in the past, they turned to us for assistance. Our local Area Sales Manager, Ed Dhenin, carefully evaluated the deal and devised a comprehensive solution that worked for them.

Working closely with the customer, Ed structured a tailor-made Hire Purchase agreement for each vehicle over a 60-month term. This arrangement allowed the customer to spread the cost over time while gaining ownership of the vehicles at the end of the term.

Recognising the importance of delivery dates, we provided flexible drawdowns dates which allowed the customer to align their cash flow with the arrival of each vehicle.

Result

Thanks to our tailor-made solution, the customer successfully upgraded their entire fleet. The flexible drawdown dates were matched to their operational needs, ensuring a seamless transition of the fleet (from old to new) and the Hire Purchase agreement provided a manageable repayment schedule.

Our collaboration empowered the practice to continue providing essential services to farmers while maintaining financial stability.

Ed commented: “It was really rewarding to support our customer on this agreement. With the tailored package, the practice was able to purchase the new vehicles safe in the knowledge their finance was secured. I look forward to working more with them in the future.”

Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.