Compass Vehicle Services celebrate their silver anniversary in the contract hire business.

A Remarkable 25 Years

Two visionary friends, Andy, a skilled accountant, and Graham, a seasoned used car entrepreneur, celebrate a remarkable milestone: 25 years since joining forces to create CVS.

They recognised that through contract hire, they could make the dream of a new car with its warranty, cutting-edge technology, and top-notch safety features accessible to customers, for a total cost comparable to an older, used vehicle.

Serving Traditionally Excluded Customers

Initially, CVS operated as a general broker for both contract hire and personal contract hire. However, they recognised a significant unmet need: providing new car access to individuals and businesses traditionally excluded from mainstream financing.

This included people with:

• Past financial difficulties

• Limited or no credit history

• Traditionally "non-creditworthy" profiles

By pivoting to specialise in contract hire for these demographics, CVS carved out a unique niche and has empowered countless individuals and businesses to drive brand new cars they wouldn't otherwise have access to.

How Consumer Behaviour Has Changed

Gone are the days of simply wanting a new car. Today's drivers demand personalised automotive solutions. For 25 years, CVS has met that demand head-on, specialising in finding the exact vehicle customers envision, not just offering a generic selection.

This shift in consumer behaviour is where CVS' strength lies; taking the time to understand each client's unique needs and preferences, meticulously searching the market to uncover the perfect match. Whether it's a specific make, model or feature set.

The CVS Difference

Unlike traditional brokers, CVS acts as the principal, directly purchasing and owning the chosen vehicle. This means all underwriting happens in-house, by real people, not algorithms. CVS believes in understanding individual circumstances, so delve into bank statements, not credit scores, to make informed decisions.

This personalised approach allows CVS to be exceptionally flexible. During the recent Covid lockdowns, for example, they readily adapted to clients' changing needs, ensuring they kept driving even amidst challenging times.

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To celebrate 25 years in business with our community CVS are offering a lucky winner a £50 Selfridges voucher. Connect with CVS on Instagram @cvs_carleasing? for details

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You can find out more about Compass Vehicle Services and how to get in touch by visiting the website www.cvsltd.co.uk