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Dear Pegasus. I wanted to find out whether you thought you could help my company arrange finance to purchase a couple of coaches for my tour business. The coaches I am looking are Iveco Beulas Stergo models both have 70 seats and are low mileage for their age which is about 15 years old. For their age they are in great condition, they have been regularly maintained and I don’t see the point in spending more on newer models when these can be purchased for around £20k each. However I have tried to get quotes for coach finance from other companies and I have been told that because of their age I can probably only finance them over a couple of years which is making the monthly payment quite high. We have also only been going a couple of years which also seems to be a problem for some of the coach finance lenders. I have been in the industry all my life and we have the opportunity of new contracts but clearly we need new coaches to satisfy demand! Can you help me with some advice please. James.

Hi James. Thanks for you enquiry and it’s good to hear that business is going well. It sounds like your search for coach finance has been a little frustrating so far but I believe you have come to the right place now.

At Pegasus we understand that even 15 year old coaches still have plenty of life left in them and we work closely with lenders who are also happy to help and can provide terms of up to 5 years in order to keep the payments sensible. If your current business has only been trading for 2 years it shouldn’t prove an obstacle for us especially as you have years of experience in the travel industry.

We would love to help get your business moving so please could you complete our online application form for the coach finance that you need or you can call us on 0800 066 2882 and speak to one of our helpful commercial finance advisors who will take your application over the phone.

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