CASE STUDY – classic car equity release
Owners of 6-cylinder Aston Martins are a loyal and committed group – many of them have been Aston Martin enthusiasts for many years. This makes many of them part of the happy band of classic car enthusiasts who have seen the values of their vehicles increase dramatically over the last decade.
One of our established clients who has a number of high-value classic cars approached Classic & Sports Finance to raise working capital for their business through classic car equity release. With an agreed valuation of £800,000 we were able to release the requested 60% of its value back to our client over an agreed three year term at a very competitive interest rate.
Following an inspection of the vehicle and completion of the paperwork our client received the funds in a matter of days. The vehicle is still in their garage and available to be driven and enjoyed by the client – this was important to them as an Aston Martin enthusiast and something that would not have been possible through many other lenders.
Classic car equity release can be used for a variety of reasons including the purchase of additional vehicles. For further information contact Rob Johnson on 01869 351512 or enquire online.