A Cheshire based transport company were looking to update and refresh their fleet with two replacement Iveco trucks. Despite the company coming from established roots, it was recently sold to a new Director adding a new stream of challenges for the purchase.
Highlights of the Deal…
✅ Funding arranged with competitive rates despite new business status
✅ Secured Hire Purchase (HP) agreement with 10% deposit
✅ Achieved low monthly payments comparable to long-established firms
✅ Enabled immediate purchase, avoiding costly maintenance delays
✅ Strengthened position for future fleet upgrades
The Challenge
The client, a well-established transport company, had recently been sold to a new director. Due to complications in the sale process, the director had to set up a new business entity. This created several obstacles:
- New Business Status – As a newly formed company, lenders and even the manufacturer were advising the client that competitive finance terms would not be achievable.
- Planned Delay – The client initially intended to postpone purchasing for at least a year, expecting higher finance costs.
- Fleet Costs – Continuing to run older trucks risked rising maintenance expenses and operational inefficiencies.
The Solution
By preparing a detailed and well-structured case for lenders, we were able to highlight the director’s strong credentials, the successful background of the business, and the rationale behind the new entity. This approach secured finance on highly competitive terms, overcoming the barriers:
- Tailored HP Agreement – Funding was secured on a Hire Purchase basis for two Iveco replacement trucks, with a 10% deposit.
- Competitive Rates – Despite the new entity status, rates were in line with those offered to long-standing businesses.
- Cash Flow Efficiency – The client achieved affordable monthly payments, ensuring financial stability.
- Immediate Purchase – Rather than waiting another year, the client could now modernise their fleet, saving on rising maintenance costs and improving reliability.
Speak to our Transport Finance Specialist…
Natalie Brighten
Account Manager
Mobile: 07926 279 697
Office: 01908 039 489