Unsecured loan to purchase vehicle stock

A used car dealership needed a finance facility to improve flexibility for changing demands

Our clients approach

A used car dealership had been using stocking finance to manage their vehicle inventory. However, as their business grew, they started to experience limits with the fluctuating demands of their dealership, preventing them from adapting quickly and expanding their operations.

How MAF Finance Group supported the client

Recognising these challenges, the dealership decided an alternative funding solution was necessary, that offered greater flexibility and simplified access to funds without the need to tie borrowing directly to stock levels.

The client decided that an unsecured loan would provide the finance required for their dealership to maintain flexibility and a payment structure that would align with their needs.

How MAF Finance Group facilitated the intended outcome

Thanks to our extensive panel of funders, an unsecured loan valued at £190,000 was able to be arranged.

The dealership was pleased with the unsecured loan, as it provided:

• Increased financial flexibility
• Improved cash flow
• Simplified loan management

This switch not only simplified their finance arrangement but also allows them to grow their level of stock without putting unnecessary pressure on their cash reserves.

To learn more about our unsecured business loans, email us at [email protected], call us on 0115 958 6872. Or fill out the enquiry form below.