New Company Van
Loan Type: Asset Finance (Hire Purchase)
Loan Amount: £33,596.20
Lender: Hampshire Trust Bank
One of our network partners SO Finance, have recently put a Hire Purchase Agreement in place for one of their clients!
The client in this deal was a Ltd Company looking to purchase a new work van and were looking for finance options. The client had been offered credit elsewhere but approached SO Finance to see if they could beat it.
After approaching various lenders, Hampshire Trust was able to put in place the full amount of finance over a 5-year term. This lender offered the best rates for this type of asset, as well as being able to structure the deal with a balloon payment at the back end to reduce the monthly payment which is something the other lender the client has been approved with, couldn’t offer.
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