Vendor Finance
Supporting manufacturers and suppliers of equipment and vehicles by arranging tailored finance solutions to meet customers’ objectives at the point of sale to enhance sales, margins and customer retention.
Working with our large portfolio of financial institutions in Europe and further overseas Ibex Finance can support manufacturers in many territories.
The financial institution purchases the equipment the manufacturer sells and leases it to the manufacturer’s customer for a periodic rental by way of operating lease, finance lease, loan or hire purchase depending on the objectives each underlying customer is looking to achieve. The rental can also include added services provided by the manufacturer such as maintenance, servicing and repairs.
Whereby a manufacturer or supplier has its own leasing company Ibex Finance can arrange the underlying financing from its portfolio of financial institutions by financing the underlying receivables stream.
Benefits of providing asset finance to manufacturers and suppliers:
- Increase sales and margins.
- Transfer of credit risk to the financial institution.
- Helps customer retention by giving more visibility on the asset lifecycle at the end of the lease agreement enabling the manufacturers and suppliers being proactive for replacements and upgrades.
- Customers can acquire manufacturer’s products and preserve their existing cash without having to pay the cost up front.
- Makes the equipment or vehicles being supplied more affordable to customers.
- Removes the commitment of ownership giving the customer the flexibility to upgrade to the latest technology.