Motorhome and Campervan Fleet Finance for a Hire Business in Scotland
£380,000 · 5 years · 7.10% fixed. A Scottish motorhome hire business was expanding its fleet from eight to eighteen vehicles following a significant increase in demand for domestic tourism post-pandemic.
The Client
Scottish motorhome hire business
The Challenge
A Scottish motorhome hire business was expanding its fleet from eight to eighteen vehicles following a significant increase in demand for domestic tourism post-pandemic. Ten additional motorhomes at £38,000 each were needed. Finance lease was preferred to keep the vehicles off balance sheet and simplify VAT recovery.
Our Solution
Doulton arranged a finance lease for ten motorhomes under a single facility. The hire business's occupancy records - 74% average across the existing fleet - and forward booking data were submitted. The seasonal Scottish tourism pattern was factored into the repayment structure, with lower payments in winter months.
The Outcome
Ten motorhomes delivered and in service for the summer season. First full summer with expanded fleet: occupancy rate 79% across all eighteen vehicles. Revenue increased by £280,000 in the first year. Fleet has since been expanded to 22 vehicles. Key highlights: Seasonal repayment structure - lower winter payments matched to; 79% occupancy across 18-vehicle fleet in first full summer; Fleet has since grown to 22 vehicles - Doulton financed the.