New BMW X7 X Drive 401 M Sport 2023

Fast Car Finance helps a growing business secure finance to purchase a brand new £90,000 BMW X7

In the world of business, vehicles often serve as more than just a mode of transport—they’re a critical tool for operations and for the business owners, often just reward for the risks they take in running an SME. For this customer, purchasing and arranging finance for a BMW X7 was made more challenging due to the impaired nature of the company’s balance sheet.

This created a significant hurdle in accessing business car finance – a weak credit rating. Traditional lenders were unwilling to provide new BMW finance, leaving them unsure of how to proceed. That’s when they turned to Fast Car Finance, and we delivered.

Here’s how we used our knowledge, expertise, and access to a bespoke finance house to turn their challenge into a success story.

Understanding the customer’s needs

The client, a business operating in the renewable sector, approached us with a clear requirement: they needed to purchase a £90,000 BMW X7. This luxury SUV wasn’t just a statement of their brand’s credibility but also a functional asset for client meetings and business trips. However, their weak credit rating made securing finance through traditional means nearly impossible.

We knew that rejecting their finance application outright wasn’t an option. Instead, we focused on understanding their story and crucially the specific intricacies of their business. Our approach is always one that is built on sourcing a bespoke solution, and this case was no different.

Leveraging our expertise and industry knowledge

At Fast Car Finance, we help our customers by approaching specialist lenders on their behalf. With two decades of experience in the classic, prestige and sports car finance industry, we have a detailed understanding of how to approach lenders, negotiate terms, and present finance proposals effectively—even for those businesses and private individuals with less-than-ideal credit profiles.

We began here by assessing the customers business or personal credit files in detail, identifying not just the weaknesses but also the strengths. We highlighted the stability of their business operations, consistent revenue streams, and underlined the favourable terms being sought (large deposit and a preference for a Hire Purchase facility as opposed to Lease Purchase).

Our next step was identifying the right lender. This is where our relationships with bespoke finance houses came into play. Unlike high-street lenders, bespoke finance houses are more flexible and willing to consider applications on a case-by-case basis.

Tailored Finance Solutions

We presented the proposal to a specialist finance house with whom we have a strong relationship. Our proposal emphasised the businesses’ ability to meet repayment obligations despite their weak credit history. By also providing the applicants business bank statements and a rationale for the purchase of the BMW X7, we quickly secured a formal offer of finance from the lender on terms the customer was able to work with.

Why us?

At Fast Car Finance, we pride ourselves on making the impossible possible. Whether it’s overcoming a weak credit rating or finding the most appropriate lender for a unique situation, we’re here to help you.

If you’re facing similar challenges securing luxury car finance, please don’t hesitate to get in touch. Let us put our expertise to work for you. Call us today on 01635 785400