Case study · Golf
Private Members Golf Club – Utility Vehicle Fleet
A private members golf club took eleven utility vehicles on a operating lease of around £225,000 over three years, with no residual risk at the end.
Industry: Golf · Project: Eleven utility vehicles · Facility: approximately £225,000 over 36 months, operating lease
Overview
A private members golf club needed eleven utility vehicles for course maintenance, greenkeeping and general estate work. The package came to around £225,000.
Challenge
The club wanted current vehicles without carrying the risk of what they would be worth in three years, and its committee preferred a fixed, predictable annual cost that could be set against the maintenance budget rather than a capital purchase requiring member approval.
Solution
We arranged an operating lease over 36 months. The club pays a fixed monthly figure for use of the vehicles and hands them back at the end of the term, with no exposure to residual values and a clear route to refreshing the fleet.
Results
- Eleven vehicles in service across the course and estate
- Fixed monthly cost set against the maintenance budget
- No residual value risk at the end of the term
- Straightforward route to refreshing the fleet in three years
