Hire purchase agreements help fleet provider grow business – Adept Vehicle Management
Adept Vehicle Management (AVM) was established in 2002 as an independent fleet provider serving corporate and public sector organisations across the UK.
Their services include Accident and Fleet Management, Personal and Business Contract Hire Brokering and Vehicle Hire.
In response to the growing demand for their services, AVM have this year introduced the new Prohire Vehicle management software. This aims to enhance their existing service standards throughout the life of the contract they provide.
A growing client base
With their business growing, AVM have found it necessary to acquire additional vehicles to meet the demands of their new clients. The new vehicles required included a number of cars and commercial vehicles. The team approached us for assistance with a funding solution.
Solution
We worked with the team at AVM to understand their business, putting together a finance agreement which utilises a Hire Purchase product. By using Hire Purchase, AVM could spread the cost of the new vehicles into manageable instalments to suit their cash flow.
Result
As a result of the new finance agreement, Adept Vehicle Management has been able to acquire the new vehicles. This has expanded their existing fleet, helping with the influx of new customers.
Mark Wilson, Corporate Sales Manager, Close Brothers Asset Finance, “It’s always a pleasure to help SMEs grow their business and achieve their expansion goals. I look forward to working with the team at Adept Vehicle Management on more agreements in the future.”
“Wayne and the team at Close Brothers Asset Finance have been exceptional throughout the entire process. We’re very happy with outcome of our current agreement as they have enabled us to expand our fleet for our new customers. I look forward to working with Wayne and Close Brothers again in the future.” Carl Cumbo, Adept Vehicle Management
