RELEASING THE VALUE OF CLASSIC CARS
Sales of classic and prestige cars continue to dominate the luxury market with 6% market growth exceeding £460 billion globally* and an outstanding 10-year value appreciation performance of more than 330%.** This parks and incredible amount of purchasing power in many collectors’ garages, yet not all owners are inclined to sell the vehicles they’ve worked hard to procure, understandably so.
With bespoke lending options and appraisal expertise specialised for the luxury market, Borro Private Finance enables clients to immediately access the liquidity within their classic cars either through asset-backed loans, allowing them to maximise their investment returns or retain ownership of the vehicles they hold dear.
*Source: Bain Luxury Goods Worldwide Market Study, Fall – Winter 2017
**Source: Knight Frank Luxury Investment Index Q1 2018
Loans of up to 50% of the appraised value are secured against a client’s vehicle, with typical terms of 3 to 24 months. Cars are discreetly transported, kept in highly secure storage facilities and at the end of the loan period, once the loan and accrued interest have been paid in full, assets are safely returned.
Secured Loans are an excellent option for clients who need temporary access to liquidity yet aren’t looking to sell outright, allowing them to still leverage the value of luxury and classic cars that hold personal significance or could appreciate over time.
For additional information, please see Classic Car Finance.
CLASSIC CAR INSIGHTS & ARTICLES