Patons relaunches private hire vehicle finance service
Patons is relaunching its Fleetline Finance business to cope with changing demands from the private hire, chauffeur and taxi sector.
Fleetline will introduce a new asset finance and vehicle purchasing service designed to overcome some of the procurement challenges faced by taxi and private hire operators.
By internally approving all finance agreements, the company aims to provide finance with industry-specific risk assessment.
“Over the past few years we have seen an increasing number of operators facing difficulties procuring and funding their fleets,” said Patons director Gill Paton. “We have been using our long-standing experience supplying and financing vehicles to create a new range of industry-specific options designed to make fleet investment easier and more accessible.”
Fleetline’s team of experienced taxi and private hire underwriters will provide specialist finance packages including contract hire, leasing, short term rental as well as standard hire purchase. “We are committed to developing tailored business solutions, finance and fleet services that meet the precise needs of our customers,” said Paton.