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About 2017-08-25T12:40:23+00:00

Here to help you make the right choice for your business’ future

The Reefer Group has become a trusted supplier of our business in recent years, their experience in the industry of commercials vehicles is quite unique.

Unlike other finance companies The Reefer Group Finance staff are specifically focussed on their own products and have an in depth knowledge not just of the finance they are providing but also the products themselves

The group has more than 1,000 employees and aggregate sales volume exceeding 220 million euros in 2015. Both Chereau and SOR pride themselves on listening to their customers and providing them with flexible solutions for their fleet. The reefer group finance is a natural progression for the group giving their clients a full suite of products and services.

Hire & lease purchase

A straightforward repayment facility providing outright ownership at the end of your agreement. Repayments can be fixed and structured in a flexible way; i.e. balloon or final lump sum can be applied to reduce the monthly repayment.

Key features and benefits:

Preserves cash flow – offers the obvious cash flow benefits of paying in installments.

Tax efficiency – as a business can claim writing down allowances and can offset interest payments against taxable profits.

Flexible – we can tailor deposits, periods and repayments to suit your specific personal or business requirements.

Balanced payment plans:

A variable interest rate with fixed repayments. When base rates fluctuate, only the number of repayments varies but the amount stays the same, thus helping your administration and budgeting.

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Refinance

Refinance is a finance facility which provides a simple way of releasing equity in unencumbered assets or assets nearing the end of their original finance arrangements. The result is a speedy cash flow boost to a customer’s working capital.
The customer invoices the sale of the assets at current market value (or slightly less) to the new finance company who then incepts a new finance agreement and the customer receives the sale proceeds less any residual finance that may have still been outstanding to the original funder.
It can also be a useful way of restructuring existing finance agreements to result in a lower monthly repayment, whilst continuing to have the use of the assets.
The new finance agreement can be either hire purchase or finance lease, depending on the customer’s particular circumstances, over a fixed period of time, usually a maximum of 5 years

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Operating lease

This is a rental agreement which can be used to finance a broad spread of business assets but is particularly effective for financing heavy commercial vehicles. The funder builds in a residual value to reduce the rentals, thus helping cash flow and making ‘off-balance sheet’ funding possible.

Key features and benefits:

Preserves cash flow – offers the obvious cash flow benefits of paying in installments.
Initial deposits – can be as low as one monthly rental down with the vat spread over the term of the agreement.
Competitively priced – the funder or manufacturer takes the risk in the residual value of the equipment and factors this into the rental, bringing down the periodic cost to you.
Fixed maintenance contracts – can also be built in to the monthly rental
Tax efficient – the rentals can normally be offset against taxable profits
Asset normally treated as ‘off-balance sheet’ (subject to your auditors’ approval).
Flexible – at the end of the term, you can return the asset or extend the period. Either way, you do not carry the problem of disposal of the equipment.

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