Question 1

Can I get fleet finance with my O-licence as security?

Accepted Answer

While O-licences themselves aren't typically used as security, having a valid O-licence demonstrates regulatory compliance and operational credibility. Lenders view this positively alongside your trading history and contracts. The vehicles themselves provide the primary security.

Question 2

What are the options for financing electric commercial vehicles?

Accepted Answer

Electric vehicle finance is increasingly competitive, with some lenders offering preferential rates for EVs. Operating leases are popular as they mitigate battery degradation risk. Government grants may also be available to reduce the net cost. We can structure facilities that combine grant support with competitive finance.

Question 3

How does invoice finance work with factored invoices in logistics?

Accepted Answer

Invoice finance is well-suited to logistics where you're typically invoicing after delivery. You can access up to 90% of invoice value within 24 hours of raising an invoice. For businesses with major retailer contracts (who often pay slowly), this bridges the gap between service delivery and payment.

Question 4

Can I finance trailers separately from tractor units?

Accepted Answer

Yes, trailers can be financed independently. This is common in logistics where you might need different trailer types (curtainsiders, refrigerated, flatbeds) for various contracts. Trailer finance terms are often longer than tractor units, reflecting their typically longer operational life.

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