Yorkshire-based asset finance company Ethos Asset Finance witnessed a spike in business in the last quarter of 2019, the company said.
Ethos Asset Finance saw completed deals rise by 27.7 per cent, against Q4 2018. Ethos did not supply the volume or value amounts for Q4 2019.
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Ethos describes itself as a national lender operating across several sectors, particularly agriculture, prestige vehicles and machinery.
Chris Brown, managing director of Ethos Asset Finance, said: “Whilst we saw a not insignificant rise in completed deals in the first three quarters of 2019 compared to 2018, the figures for the last quarter were stunning.
“With interest rates remaining low, businesses and individuals are looking at different financing options to purchasing tangible assets.
“Because we are independent and have more than a decade’s experience in the sourcing and funding of assets, we are able to secure finance packages at more favourable rates compared to other lenders.”
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By GlobalDataMr Brown added: “I’m delighted to say that the first two months of 2020 are proving equally as promising, which is being helped by rising demand for electric and hybrid vehicles.
“Whilst we remain focused on helping customers finance petrol and diesel vehicles, a shift for some customers towards ‘going green’ has led us to the setting up of a specialist electric division, which we will launch in March.
