Sale Advance Loans

Provides an initial advance of capital
while Borro experts manage the auction sale of your
luxury assets and maximize the sale value for you.

  •   PERSONALIZED SERVICE

    Borro will manage the sale of assets from appraisal to consignment. We leverage our relationships with auction houses and private sellers to maximize sales returns.

      IMMEDIATE LIQUIDITY FOR ASSETS

    Borro will provide clients with an advance for up to 70% of the estimated sale price of their luxury asset. You can quickly get the funds that you need without rushing into a sale.

      100% PRIVATE

    All of your personal information is kept confidential and Borro does not conduct credit or income checks on clients.Throughout the entire process your information is always kept safe and secure.

  • ONLY 1%-2% MONTHLY INTEREST ON ADVANCE

    The interest rate on the funds that you're advanced is between 1% and 2%. It is a fixed rate so your monthly payment will never increase.

    BORRO SALES FEE = 15%-20% OF YOUR ASSET'S FINAL SALE PRICE

    Taking advantage of Borro's market intelligence for your asset's sale means you can maximize the sale price of your asset. As a fee for managing the sale of your asset through the optimal sales channel borro charges 15%-20% of your asset's final sale price.

    ALL FEES AND INTEREST PAYMENTS ARE TAKEN FROM THE FINAL SALE AMOUNT
    POST-SALE WITH NOTHING PAYABLE UP-FRONT

    We make it as easy as possible. You don't need to make any up-front payments since all fees and interest payments are taken from your asset's final sale amount.

  • What kind of assets does Borro accept as collateral for a loan?

    Borro accepts the following types of luxury assets as collateral for a Sale Advance Loan:

    •  

      Jewelry & Diamonds

    •  

      Luxury Watches

    •  

      Fine Art & Antiques

    •  

      Luxury Cars

    •  

      Gold & Precious Metals

    •  

      Luxury Handbags

    •  

      Fine Wine

    •  

      Have something else? Borro has provided loans on other types of assets as well ranging from memorabilia to musical instruments. Please be sure to also view our FAQ that lists which assets Borro does not accept.

    What kind of assets does Borro not accept?

    Borro does not provide loans on:

    •  

      Electronics

    •  

      Homes & Property

    •  

      Stocks & Bonds

    •  

      Animals & Livestock

    •  

      Construction Equipment

    •  

      Firearms

    •  

      Assets that you have not fully paid off

    •  

      Assets that are not fully owned by you

    How much can I borrow?

    Borro can lend you up to $5,000,000. Specifically, Borro can provide up to $5,000,000 per luxury asset. Our maximum loan-to-value is 75% of our estimate of the market value of your asset, and depending on the asset can be as low as 30%.

    Who will value my assets and determine how much I can borrow?

    At Borro we have some of the best valuers in the world with certifications from the The Royal Institute of Chartered Surveyors, Gemological Association of Great Britain, The Goldsmiths' Company, American Association of Appraisers, and the Gemological Institute of America.

    We also have an international network of 300 qualified appraisers, specialists and experienced dealers. The insight and knowledge of our in-house valuers combined with our international network allow us to offer you the best possible loan estimates.

    What exactly do you mean when you say that your loans are based on "market value"?

    It is important to distinguish that "market value" is different than "retail value".  The "market value" of your luxury asset(s) is the amount of money that you could expect to receive from selling your luxury asset today.

    Tangible assets tend to depreciate in value over time. Therefore the "market value" of your assets factors in any depreciation that may have occured over the time that you have owned the luxury asset.

    The "retail value" of a luxury asset is almost always a higher value than the current "market value" as "retail value" factors in the cost & mark-up that the retailer, owner, etc. incurred in marketing, storing, and selling the asset to you.

    The relationship between market value and the retail cost varies by item; in the case of jewelry, the market value could be anywhere from 30% to 60% of the retail price.

    Is there a maximum or minimum loan period?

    The Sale Advance Loan contract is for 6 months but the duration of the loan is ultimately determined by sales period.

    Can I change my mind?

    Up until you sign your loan agreement you have total flexibility. Here's how it works: Once we have your luxury asset in our possession - whether it's shipped or you drop it off - we will appraise it and tell you how much we are willing to lend. We'll also provide you with the full details of the loan - terms, conditions, rates, you name it. Then it's up to you. If you agree to proceed with accepting the loan you will be issued with a credit agreement which becomes binding once it is accepted.

    When will I receive my funds?

    Faster than you might think. Once we have your luxury asset and we have valued it, you then approve the loan offer and we can then deposit the loan funds to you immediately - typically via a wire transfer.

    How is my loan repaid?

    We make it as easy as possible. You don't need to make any up-front payments since all commissions and interest payments are taken from the final sale price of your luxury asset.

    Does Borro conduct credit checks?

    Borro does not conduct credit checks when making decisions on whether to offer you a loan. We may run an ID check that looks at public and credit bureau data, but this is NOT a credit check and does not affect your credit rating.

    How will I get my luxury assets to Borro for appraisal?

    It couldn't be simpler.

    For watches, jewelry, gold, fine art and antiques, you can get your assets to us safely and securely by using our free and insured courier options or you can meet with one of our expert appraisers at one of our offices. For very high-end assets we can arrange for our expert appraisers to come to you to appraise your item(s) on location.

    For luxury and classic cars we will arrange to pick up your vehicle using a secure and unmarked transporter from a location of your choice.

    What does an appointment at Borro's office involve?

    Start by making an appointment to meet with one of our experts. Call us at 1-888-519-1552 or schedule an appointment by applying online on our website here.

    When you visit us you will be greeted by your account manager and you will meet with one of our certified appraisers. You will then receive an expert appraisal of your assets along with a quote for your Borro loan.

    If you accept the loan offer and you pass our identification checks you can receive your loan funding the very same day via a bank transfer.

    It is always best to make an appointment in advance of your arrival however you are welcome to visit our offices for a walk-in appointment if you are near one of our offices.

    Where will my assets be stored?

    All luxury assets are stored under highly-secure conditions in our state-of-the-art secure storage facilities. All of our secure storage is specialized for your asset type so is climate controlled to ensure the optimal preservation of your valuable assets whether it be jewelry, watches, gold, fine art, a car, fine wine or something else.

    How does a Sale Advance loan differ from a Bridge Loan?

    A Sale Advance is when you provide your asset(s) to Borro so we can manage the sale of the asset(s) for you through our global network of auction houses. We extend a loan (advance) to you ahead of your asset(s) sale whether it be at auction or through a private sale.

    A Bridge Loan is where you use an asset as collateral in exchange for a loan without having to sell your asset. At the end of the loan period your assets are returned to you once you have paid the loan amount and accrued interest to Borro.

    Can I come in and collect my assets?

    Absolutely. Please call our Customer Accounts Team on 1-888-519-1552 to arrange an appointment.

    Please be aware that all redemption appointments must be booked in advance.

    What can I do in my Borro account?

    From within your Borro account you can update your personal details, keep track of your loan statements, view payments that have been applied to account, make secure payments to repay your loan, and you can view all of your luxury assets to either apply for new loans or view pre-existing loans.

    Simply visit the sign in page and you can sign in or create a Borro account.

    How do I log in to or create my Borro account?

    Simply visit the sign in page and you can sign in or create a Borro account.

    How do I change my Borro account password?

    Simply visit the forgot password page and you can reset your Borro account password.

ASSETS WE ACCEPT

  • Luxury watches

    Luxury Watches

  • Jewelry & Diamonds

    Jewelry & Diamonds

  • Fine Art & Antiques

    Fine Art & Antiques

  • Luxury Cars

    Luxury Cars

  • Gold & Precious Metal

    Gold & Precious Metal

  • Fine Wine

    Fine Wine

  • Luxury handbags

    Luxury Handbags

Speak to a specialist

1-888-778-0156

Or get started online

  Add Another Asset

 

Application has no impact on your credit score

Better Business Bureau Rating: A+

Since 2008, Borro has provided
$108,604,000 in funding to our clients.

BORRO CLIENT TESTIMONIAL

It was great to get money upfront instead of having to wait for the sale.”
— Jason A.

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