Originally published at: https://blog.bnz.co.nz/2016/12/snap-rentals-driving-growth-with-asset-finance/Shaking up an established industry like the vehicle rental market is no easy task. However, that’s exactly what Jamie Bennett and Patrick Broadbent have done with Snap Rentals. With growth of over 400% and a regional win in the 2016 Deloitte Fast 50 and an 11th place ranking overall, the team at Snap are clearly…
What did they put up as security?
Snap Rentals used asset finance to grow their fleet, which means that they used the cars they bought as collateral for the loans. So the lending is secured by the assets.