A returning customer specialising in surface mining machinery required funding to purchase a Rock Chainsaw Trencher from a European supplier. Having previously arranged finance for another imported asset, Transition Finance was once again able to structure a seamless funding solution, with payment made directly to the supplier in Euros.
Highlights
✅ Approximately £727,000 (850,000 Euros) funding secured
✅ Rock Chainsaw Trencher imported from Europe
✅ 10% deposit structured via Virtual Sale & Hire Purchase
✅ €20,000 delivery fee included within the finance agreement
✅ Discounted rate secured through a Tier 1 lender
✅ Same-day payout following document signing
✅ European supplier paid directly in Euros
The Challenge
Our returning customer needed to purchase a specialist Rock Chainsaw Trencher from a European supplier. As this was the second asset they had imported from Europe, they required a funding solution that could efficiently manage payment in Euros while providing a competitive finance structure.
The client also wanted to include the €20,000 delivery fee within the finance agreement to reduce the upfront capital required and ensure the transaction progressed without delay.
The Solution
We arranged approximately £727,000 of funding (850,000 Euros) using a Virtual Sale & Hire Purchase agreement with a 10% deposit.
Working with a Tier 1 lender, we secured a discounted finance rate while also incorporating the €20,000 delivery cost into the agreement. Once approval was received, the transaction was turned around quickly, with funds released on the same day the documentation was signed.
To simplify the international purchase, the lender paid the European supplier directly in Euros, removing the complexity of overseas payment arrangements for the customer.
The Outcome
The client successfully completed the purchase of their second imported specialist asset through Transition Finance, with a fast and efficient funding process from approval through to payout.
The streamlined structure, competitive pricing and direct Euro payment created a seamless experience for both the customer and the supplier. As a result, the European supplier is now looking to work with Transition Finance and introduce future customers who require funding for imported equipment.
Speak to our Finance Specialist…
Who specialises in structuring finance for UK businesses purchasing equipment from Europe, including funding paid directly in Euros to overseas suppliers.
Natalie Brighten
Business Development Manager
Mobile: 07926 279 697