FINANCE ENQUIRY

Historics at Brooklands first to offer auction finance

By CSF Team | News | 0 Comments

Classic & Sports Finance and leading auction house Historics at Brooklands have partnered to bring a structured finance offering to the UK classic car auction scene for the very first time.

Buyers attending any Historics auction will be able to arrange finance facilities for their purchases in advance of the auction and bid in the knowledge that they have a finance agreement pre-arranged and a simple, secure process to follow post-sale.

Buyers will also be able to configure their ideal finance package using a brand new web-based finance calculator which is incorporated into the Historics online auction catalogue.

In order to offer finance to their customers Historics have worked closely with Classic & Sports Finance to become authorised and regulated by the Financial Conduct Authority – the first specialist classic car auction house to hold its own FCA limited permission to offer consumer credit.

Buyers interested in finance can either call Classic & Sports Finance to talk through their options or enquire through the interactive finance calculator. It is anticipated that most buyers will choose to arrange hire purchase agreements – the same as if you were buying a new or used car from a dealer – but other options are available.

Senior staff from Classic & Sports Finance will be in attendance on preview and auction days to assist potential buyers and customers with expert advice on both finance and the cars available.

Historics from behind the rostrum

Rob Johnson, Managing Director of Classic & Sports Finance:

“ The classic car auction sector has been crying out for a well-structured and properly regulated finance offering for buyers for a while now. The demand for classic car finance has grown in tandem with the classic car hobby and we are delighted to be working so closely with an organisation as forward thinking and well respected as Historics at Brooklands. Enquiries for auction finance increased significantly in 2016 – unfortunately for many buyers the lack of direct access to finance and a clear process can provide an unwelcome challenge for many. ”

“Our customers will benefit from our new partnership when it comes to both buying and selling cars as well as helping them to learn more about the hobby they love through a joint initiative with Historics to share market information and engage with our customers at auctions, events and seminars. Classic & Sports Finance’s commitment to market research and building relationships in the classic car sector is unparallelled in our industry and our new partnership with Historics affirms this.”

Historics’ Auction Director, Edward Bridger-Stille:

“After an extremely buoyant year, we are delighted to start 2017 by further broadening our service to our clients through this financial offering in partnership with the much-respected Classic & Sports Finance.

“Breaking new ground by becoming the first specialist auction house in our sector to hold its own FCA limited permission is a good indication of our forward-thinking philosophy, in the interests of our clients.”

 

For more information on how to buy a classic car using finance at auction please visit http://www.historics.co.uk/buying/finance-options.aspx

 

To download the full press release from Historics at Brooklands click here


For further press information, interviews, market commentary, and high res. images:

Classic & Sports Finance
Contact: Edward Legge
Tel: +44 (0) 1869 351512
Mobile: +44 (0) 7545 452417
E-mail: edward@classicandsportsfinance.com

Historics at Brooklands
UK Press Office
Contact: Michael Hodges/Chris Hodges
Tel: +44 (0) 1491 845335
Mobile: +44 (0) 7860 882580 / +44 (0) 7812 051886
E-mail: michael.hodges@mph.co.uk

About Classic & Sports Finance

Classic & Sports Finance are the UK’s leading specialist provider of finance for classic sports and race cars and have funded over £150 million of classic cars for enthusiasts in the last decade ranging from the humble MGB to the legendary Ferrari 250 GTO.

Established in 1999 to meet the specific needs of classic car enthusiasts, the racing community and collectors the small expert team have over 75 years of combined experience in the sector. This experience has allowed them to develop a unique network of partners across the classic car industry who support their customers and enhance their classic car ownership experience.

Classic & Sports Finance commit considerable resources to understanding the classic car market and their research and market knowledge features regularly in the UK press and global media. Classic & Sports Finance send out a monthly classic car market update to over 4000 customers.

Classic & Sports Finance are proud sponsors of Harry’s Garage – one of You Tube’s most viewed classic car channels – and the popular Equipe GTS race series for pre-1966 sports cars in which they also compete.

Classic & Sports Finance UK Office
Contact: Edward Legge
Tel: +44 (0) 1869 351512
Mobile: +44 (0) 7545 452417
E-mail: edward@classicandsportsfinance.com

About Historics at Brooklands

The independent specialist classic car auction house, Historics at Brooklands was established in March 2010, by private investors, to provide a highly knowledgeable and professional resource for the sale of fine quality classic and collector cars and motorcycles. Now well-established in stature and reputation, Historics returns significant sales results and a consistently high rate of sale.

With its permanent home at Brooklands Museum, but independent in ownership, Historics has hosted 26 major auctions to date.

Historics aims to represent the breadth of the classic community, with a balanced consignment of interesting, fine classic vehicles of many eras and values. All staff are highly experienced within the classic vehicle sector, and are themselves classic owners and enthusiasts.

With a high level of client endorsements to its credit, Historics has also been credited on four consecutive occasions for its integrity and professionalism with an annual ‘Highly Approved Trader (HAT) Award’ by the highly authoritative motoring and auction commentator, Honest John. www.honestjohn.co.uk, the latest being in January 2017.

For full results of Historics auctions, visit www.historics.co.uk.

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