Asset Rental Group offers Rent To Buy and Sale Rent Back solutions for sole traders and small business owners, enabling them to acquire commercial vehicles without traditional financing barriers. By providing flexible terms and fast approval, ARG helps businesses unlock equity in existing vehicle assets or obtain new ones, addressing the challenge of limited access to commercial vehicle finance.
Funding
Funding not disclosed
Founders
Product
Problem
Sole traders and small business owners often face challenges in securing traditional financing for commercial vehicles due to factors like low credit scores or limited lending history. This restricted access to finance can hinder their ability to acquire necessary vehicles for business operations and growth.
Solution
Asset Rental Group (ARG) provides Rent to Buy and Sale & Rent Back solutions, offering alternative pathways for businesses to acquire or unlock equity from commercial vehicles. The Rent to Buy option allows businesses to select vehicles and make weekly payments, with the opportunity to purchase the vehicle at a predetermined price at the end of the rental term. The Sale & Rent Back option enables businesses to sell their existing vehicles to ARG and lease them back, freeing up capital for other business needs. ARG's solutions feature flexible terms, low documentation requirements, and fast approvals, making it easier for businesses to obtain the vehicles they need. All operating costs, including registration, insurance, and maintenance, are the responsibility of the renter during the contract term.
Target Audience
ARG primarily serves sole traders and small business owners who are unable to secure traditional commercial vehicle financing due to credit limitations or other barriers.
Features
- Rent to Buy contracts for acquiring commercial vehicles with weekly payments and a guaranteed purchase price at the end of the term.
- Sale & Rent Back contracts to unlock equity in existing vehicle assets for working capital.
- Flexible contract terms ranging from 12 to 60 months.
- Fast approval process with low documentation requirements.
- Sourcing of vehicles through accredited dealers to match customer specifications and price range.