Life in the fast lane with an ABL Business finance deal

A super car hire company has been able to drive its offering up another gear thanks to a tailored finance deal organised by brokers ABL Business.

The West Yorkshire-based company, one of Yorkshire’s top car hire firms, has added a stunning new Lamborghini Huracan Spyder to its top-of-the-range fleet, which can be hired for various important occasions. The prestige cars are particularly sought-after for Asian and traditional English weddings.

The Lamborghini retailed at more than £200,000, with the business owner putting down a 20% deposit to secure his prestigious purchase. ABL Business then financed in excess of £150,000 towards the purchase, to ensure he could quickly seal the deal.

Luke Rogers, a Commercial Finance Executive at ABL Business explained: “When you buy a prestige car from a company like Lamborghini it is specially built on order and delivered to their premises, then the customer is expected to collect it immediately.

“Because of this, we had to work very quickly to get the finance in place, then our client would have his cash on hand when the car arrived, so there was no danger of them letting it go to anyone else.

“Another factor about the car hire business is that there are huge fluctuations in income between summer and winter, with most people organising their dream weddings and other glamorous events during the summer months – so we tailored a programme of seasonal payments. This means the client can pay off more of the loan during the summer peak period then make lower payments during the quieter winter months”.

ABL Business, based in Cleckheaton, has been supporting the well-established family-run car hire firm since the start of 2016. The new Lamborghini will be the fifth vehicle that they have financed for them, having previously supported the purchase of the fleet’s Audi Q7, Audi RS6, Mercedes GL63, and Audi R8.

Luke added: “If you’re looking to finance a dream car, or any other major purchase for your business, do please give us a call on 01274 965356 and we’ll put you on the right road to getting the best finance deal to meet your needs”.