Audi A5 Sline 2013
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PURCHASE PRICE:
DATE OF PURCHASE:
TYPE OF FINANCE:
Occupation:
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£14,900.00
10/01/2020
Hire Purchase
Company Director
Sussex
For company directors with a poor personal credit profile, it is often possible to finance a classic car (or other vehicle) through your Limited Company. Essentially, the company owns the asset and you are able to use it for business purposes, commuting to work and for your own personal use.
This was the case recently when an existing Fast Car Finance customer contacted us with an introduction to a friend. A company director, he wanted Audi used car finance so that he could purchase a 2013 Audi A5. His personal credit issues meant that he wasn’t eligible for a used Audi A5 finance offer, so we had to structure a loan for £12,000 over a three-year period through his business. The customer was able to put down a 20% deposit on the £14,900 used Audi A5 purchase price which helped when we were searching for a suitable lender to assist him.
This transaction was dealt with very quickly and we arranged for the lender to meet the customer to inspect the Audi as part of the condition of sanction. This was required due to the customer’s adverse credit history and the lender needed to take an overall view of him and the associated risks involved. Put simply, they wanted to meet with him before committing to his request.
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