Prestige Fleet Finance Options
For businesses operating prestige vehicles - executive hire, chauffeur services, corporate transport - a fleet finance facility offers a single agreement covering multiple assets. Lenders assess the business's covenant strength and the aggregate asset value.
| Lender | Min Fleet | Max LTV | Products |
|---|---|---|---|
| Close Brothers | 2 vehicles | 80% | HP, Finance Lease |
| Investec | 3 vehicles / £500k+ | 75% | Portfolio Lease, HP |
Worked Example: 5-Car Executive Fleet at £100,000 Average
| Parameter | Detail |
|---|---|
| Fleet | 5 x executive cars (BMW 7 Series, Mercedes S-Class, Range Rover) |
| Average value | £100,000 |
| Total fleet value | £500,000 |
| Deposit (20%) | £100,000 |
| Finance Amount | £400,000 |
| Product | Finance Lease (Close Brothers) |
| Term | 48 months |
| APR | 9.0% |
| Monthly Rental | approx. £9,943 |