UTB’s Asset Finance team received a proposal one late Monday afternoon from a broker representing a high net worth individual looking to buy a pre-owned Bentley Bentayga W12. The customer wished to fund £105,000 of the £125,000 purchase price over 4 years with a £60,000 balloon payment.
The deal as proposed was approved the following morning. However, just as the paperwork was about to be finalised, the broker informed us that the customer now wished to proceed with just a £10,000 deposit rather than £20,000 and after some swift dealings with the Bank’s Credit team, UTB was able to accommodate the increased funding.
The deal was signed paid out the same week with the customer collecting his Bentayga on Friday morning.