A London-based chauffeur company sought to refinance their 2015 Rolls Royce Phantom to support ongoing operations.
Highlights of the Deal…
✅ Refinanced £103k over 60 months with a strong £50k balloon
✅ Achieved longer repayment term than expected, ensuring affordability
✅ Overcame previous credit issues caused by fraudulent bank activity
✅ Secured finance that aligned with the company’s operational strategy
✅ Enabled the business to retain a prestige vehicle vital to its service offering
The Challenge
The client, an established London chauffeur company, was looking to refinance a balloon payment on their Rolls Royce Phantom. Earlier in the year, fraudulent bank transactions had disrupted their accounts, leading to temporary blocks, missed payments, and subsequent defaults. Although the business had since recovered and was now running smoothly, these historic issues posed obstacles:
- Adverse Credit History – Defaults arising from missed payments made lenders cautious.
- High-Value Vehicle – The prestige nature of the Rolls Royce meant significant finance exposure.
- Affordability Balance – The company needed terms that allowed them to keep the vehicle while maintaining manageable monthly commitments.
The Solution
By clearly demonstrating the client’s recovery, current financial stability, and the strategic importance of the vehicle to their chauffeur operations, we were able to present a strong case to lenders. This secured finance on favourable terms, overcoming the previous defaults:
- Tailored Refinance Structure – £103,000 financed over 60 months, with a £50,000 balloon.
- Extended Term – Achieved a longer repayment period than originally anticipated, easing pressure on cash flow.
- Affordable Monthly Payments – The structure ensured that ongoing costs remained manageable.
- Business Continuity – Retaining the Rolls Royce Phantom supported the company’s premium image and service, aligning the finance term with the expected lifespan of the vehicle within the fleet.
Speak to our Chauffeur Finance Specialist…
Robyn Rawling
Account Manager
Mobile: 07592 503 477
Office: 01908 039 489