£800k finance lease: 20 tractor units for a southeast haulage firm

This deal consisted of funding 20 used tractor units for one of DCF’s biggest customers in the haulage industry, based in the southeast.

The purchase was made for two reasons. First, the business had just won a new contract with an international freight forwarder and needed to increase its fleet, having already been running at 100% capacity. Second, the business had been subbing out work and wanted to dedicate a proportion of the new tractor units to bringing that work back in-house — increasing its own earnings rather than passing them on to subcontractors.

The challenge was that the customer wanted to keep as much cash in the bank as possible, so the loan-to-value was high. We structured a finance lease with a 5% deposit across all 20 units over 36 months — minimising the outlay while making sure the assets would be repaid relatively quickly.

We spread the deal across more than five different funders to keep exposure to any single lender to a minimum. That also means there’s future lending appetite still available for the customer’s business as it continues to grow.