Euro VI upgrade funding structure announced

Posted by Chris Peat on | No Comments
Euro VI upgrade funding structure announced

Baumot UK in partnership with Mistral Asset Finance is offering a funding structure to enable bus and coach operators to carry out a Euro VI upgrade to their fleets.

The funding structure enables operators who want to upgrade their fleet but who are reluctant to spend the capital cost to fit the new systems for upcoming LEZs. The deal allows operators to spread the cost of the exhaust upgrade over several years. The market is in need of a solution given the number of high value pre-Euro VI coaches, which are currently both in dealers’ premises and within fleets.

Baumot’s retrofit BNOx exhaust system combines SCR and DPF technology to upgrade older coaches and buses. The technology can be retrofitted to EURO III, IV, V and EEV PCVs.

Mistral Asset Finance’s Director, Guy Wadsworth, said: “A number of operators are sitting with high value Euro V coaches and have the difficult decision to make on how they manage their fleet going forward to be able to continue running into Low Emission Zones. Together with Baumot we can offer them a path forward where they can spread the cost of the exhaust upgrade over a number of years, and remain compliant against the new legislation.”

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