The challenge
A courier operator needed six electric vans and depot chargers to service a low-emission city-centre contract without taking residual-value risk on battery technology.
What we did
A 48-month finance lease covering the vans and eligible charging hardware, structured around contract revenue and expected utilisation.
The outcome
The fleet entered service before the contract start date, diesel costs reduced and the business kept flexibility to refresh vehicles at term end.
The full story
How the deal came together.
The low-emission requirement
Clyde City Couriers won a city-centre delivery route where electric vans scored heavily in the tender. The operational challenge was funding both vehicles and depot charging before revenue started.
Why finance lease
The directors wanted use of the vans, not necessarily ownership of four-year-old battery assets. Finance lease spread VAT across rentals and gave end-of-term flexibility.
Outcome
All six vans were delivered, chargers installed and drivers trained before the go-live date. The lender was comfortable because contract revenue, route mileage and charging plans were submitted together.
Case-study record
This story is based on a completed transaction record supplied to AssetFi. Client, asset and commercial details may be anonymised or summarised to protect confidentiality. It is an illustration of one customer’s circumstances, not a promise of approval, pricing, terms or timescale for another business.
Could you fund this?
Businesses with similar requirements may have finance options available, but eligibility, pricing and approval depend on the individual business, asset and provider assessment.