How it all started
Having started Cocoon Vehicles in 2007, the business has evolved into a specialist contract hire and leasing business in many different areas. Short term car leases make up the bulk of the business but many of the customers can’t get credit in the conventional method.
Back in 1999, one of the Director’s family members moved to Canada from the UK working for Rolls-Royce. The diffculties in obtaining finance for an English person in a foreign company, even with a 2 year work contract, provided extremely difficult.
Whilst Rolls-Royce provided accommodation and a vehicle for the first month, after this period it was up to the individual to fend for themselves.
This gave the Directors of Cocoon a great idea, providing finance facilities to Expats coming to the UK. They wouldn’t need a UK credit history or a UK driving licence.
Instead, they would use employee references, credit reference agencies in their home countries and evidence to support the application to get them into a car rental or car lease.
On the back of this, Cocoon have helped hundreds of Expats so far, with many of the referrals coming from companies such as Rolls-Royce, Siemens, Airbus, British Airways, Samsung and OTC Europe.
