Car Parts Retailer – Hire Purchase

Industry : Car Parts Retailer

Asset : 2022 Mercedes-Benz GLE

Finance Term : 60 months With A Balloon Payment

Deposit : £250 deposit

Balance Financed : £47,000

Facility : Hire Purchase

This customer wanted to refinance the balloon payment on a 2019 BMW X5 originally funded in their own name. The vehicle had previously been involved in an accident during their ownership and was recorded as a Category S on HPI. Although many lenders would not consider financing Category S vehicles, Lumos worked closely with the customer and identified a lender willing to support this type of niche asset. This allowed the customer to retain a vehicle they had carefully restored to its former condition. The refinance was arranged over 60 months with no deposit, and a total balance of £20,000 financed.