Transport
A haulage firm replacing eleven tractor units
Refinanced assets they already owned to fund the replacement fleet without touching the overdraft.
- Facility: £640,000
- Completed in 3 weeks
The position
An ageing fleet with maintenance costs climbing every quarter. The obvious route was a straight hire purchase on eleven new units, which would have meant a deposit the business could not spare.
What we did
Rather than a straight purchase, we refinanced eleven trailers the business already owned outright to raise the deposit, then structured hire purchase across the new tractor units over five years.
The outcome
Total monthly cost came in below the maintenance spend it replaced, and the overdraft was left untouched for working capital.
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