Newly incorporated business who hire out Morgan Motor vehicles to wealthy clientele as a part of getaway package at a nearby partner hotel owned by the director’s husband.

Based on the number of previous/existing bookings, the business seems to be very successful in their early days.  The purchase of the vehicle would help the director to fulfil the bookings they already have in place.

The cost of the vehicle – Morgan Plus 4 RHD was £37,500

To add strength to the proposal, the director offered an unencumbered Morgan as additional security – similar value to the new one

Non-homeowner, but positive searches and good VR history

Strong business bank statements from the last 3 months suggest high income and healthy turnover.

We accepted the deal with additional security of the 2nd vehicle over 5 years with DG and trackers on both vehicles.