One of our long-standing returning customers, a Northwest-based tanker haulage transport company, who we’ve supported for over 7 years, required fast and reliable truck finance to secure a commercial vehicle purchased at auction.
Highlights
✅ £60,000 funding secured over 36 months
✅ Asset purchased directly from auction
✅ Lender selected with experience in truck finance and auction house purchases
✅ Fast turnaround to meet tight auction completion timelines
✅ Sole broker on the deal, no competing intermediaries involved
✅ Long-standing client relationship built over 7+ years
The Challenge
The client needed to secure funding quickly to complete the purchase of a commercial truck acquired through an auction. As with many auction purchases, strict timescales meant that funding had to be arranged efficiently to avoid missing the completion deadline.
It was also important to place the deal with a lender who understood auction dynamics and could offer a competitive rate without unnecessary delays or additional requirements.
The Solution
Having worked with this client for over 7 years, we had a strong understanding of their business, trading profile, and funding requirements. This allowed us to act quickly and place the deal with a specialist lender who has clear policies in place for funding auction house purchases.
We secured a £60,000 facility over a 36-month term, structured to align with the client’s operational needs while ensuring a smooth and timely completion of the transaction.
Our established lender relationships and experience with auction-based assets enabled us to remove friction from the process and achieve a fast approval and payout.
The Outcome
The funding was successfully completed within the required timeframe, allowing the client to proceed with the purchase without delay.
The transaction ran smoothly from start to finish with no issues, reinforcing the strength of both the lender relationship and our long-term partnership with the client. With no competing brokers involved, we were able to deliver a straightforward, efficient funding solution tailored to their needs.
The client continues to rely on us for their truck finance requirements, reflecting the trust built over many years of working together.
Speak to our Finance Specialist…
Natalie Brighten
Account Manager
Mobile: 07926 279 697
Office: 01908 039 489