Finance agreed for an Auction Purchase
Posted on 13th February 2024 at 11:53
Sector: Haulage & Transportation
Enquiry: We were really pleased to receive an enquiry from a customer who was looking for finance before heading to purchase a vehicle from an auction. Auctions can be a challenge due to the short timescales, the fact they’re not supported by a main dealer and the uncertainty around the product.
In this instance, our customer knew exactly which vehicle they were going to be bidding on which meant we could help a little easier.
Solution: We were able to extract all the financial information needed through a phone call to submit a credit application. This was agreed in just 48 hours allowing our customer to attend the auction and receive funds into his account in time to purchase the vehicle.
A great result for all and a great example of us being able to work with the customer and funder in less than regular circumstances.
Product: Hire Purchase £35,500
Share this post: