We have recently completed a transaction for a taxi firm for a 3rd vehicle.
This was a relatively new start for a director of an existing customer.
The new vehicle was a 9-seater whereas his existing vehicles were 4 seaters so we agreed a 0+ profile with a VAT deferral to enable him to market the new vehicle prior to commencement of payments. The guarantor had a previous failed business – however runs two businesses now successfully and provided bank statements of all to demonstrate.
The vehicle was very competitively priced combined with a relatively short term enabling us to offer the 0+ profile