LOANS ON LUXURY & CLASSIC CARS
We offer short term loans against luxury and classic cars with competitive interest rates. No credit checks or impact on affordability. Loans available from £20,000 to £2 million with loan terms from 3 to 24 months.
BRIDGE LOANS
Use your luxury or classic car as security for a loan. This prevents you from having to sell your luxury asset(s) as it is returned to you once the loan is repaid. This offers an alternative to a traditional bank loan or property bridging loan.
SALE ADVANCE LOANS
Sell your luxury or classic car and receive funds immediately rather than waiting for the sale to take place. Our experts work with you to find the best sales channel to sell your luxury asset and you receive a large proportion of the auction reserve price immediately.
ACQUISITION LOANS
Take advantage of luxury or classic car investment opportunities when they arise. You can bid at auction, settle the purchase with our loan and then take possession of the asset at a later date.
WHY US
A solution to your short term liquidity challenges.
FAST
We provide loan funding in as little as 1-3 days from application.
CONFIDENTIAL
We maintain the highest ethical standards and utmost client discretion.
FAST
We provide loan funding in
as little as 1-3 days from application.
CONFIDENTIAL
We maintain the highest ethical standards and utmost client discretion.
EXPERT
The group we are part of has lent over £200 million against luxury assets since 2010.
FLEXIBLE
We provide clients with a personal service and tailor loan terms around their needs.
EXPERT
The group we are part of has lent over £200 million against luxury assets since 2010.
FLEXIBLE
We provide clients with a personal service and tailor loan terms around their needs.
OUR PROCESS
We can come to you or you can come to us.
1. ENQUIRY
Send an enquiry to our Business Development team by completing one of our short enquiry forms or by emailing us. Our team aim to respond to your enquiry within 1 hour and aim to provide an indicative offer the same day.
2. APPRAISAL
You are contacted by your allocated account manager to discuss your loan requirements and arrange an appraisal with our specialists. We offer an online, home visit or alternative location appraisal service.
3. COLLECTION
Our in house logistics team arrange for your asset(s) to be safely collected by us, a courier service or one of our specialist logistics partners. The transportation method depends on location and asset type. Alternatively, you can arrange an appointment and bring their assets to us.
4. AGREEMENT
Your allocated account manager will work with you to structure a tailored loan agreement and confirm all the details with you. We also verify your identity to comply with anti-money laundering regulations.
5. COMPLETION
After the loan agreement has been finalised and signed, the funds are transferred to your bank account. The loan can then be redeemed anytime during the term. If you need to renew or extend, contact your allocated account manager to discuss your options.
We lend against a wide range of luxury and classic cars including but not limited to Ferraris, Aston Martins, Lamborghinis, Bentleys, Mercedes, Rolls Royce, Porsche, Bugattis, Jaguars, Maseratis and Range Rovers. Some of the most important factors we consider when appraising your classic or luxury car are:
- Make and Model – Certain makes and models command higher valuations at different times.
- Provenance – Any purchase documentation, auction or sale records will help us value your vehicle quicker.
- Condition – The overall working and aesthetic condition can impact value – any significant damage can negatively impact value.
- Restorations – If the vehicle has had restoration work carried out, this is considered during our appraisal process.
We understand the importance of client confidentiality, so our in house logistics team arrange for cars to be collected by an unmarked vehicle and delivered to one of our storage facilities. Alternatively, you can drive your car to the storage facility and meet a member of our team there.
When a car arrives at our partner’s storage facility it is photographed and checks are made to determine its condition and value. Should you choose to proceed, your car will remain in storage for the duration of the loan.
In certain cases, if your classic car is already in storage with a professional storage facility, we may be able to leave it there for the duration of the loan, rather than move it to one our our partners facilities.
When a car is with us, it is subject to both protection and specialist care. We guarantee cars are returned to you in either the same or an even better condition than before. With our ‘White Glove Experience’, a condition report is provided for each car. All cars are stored in a dehumidified, temperature controlled environment, and will get frequent premium service washes, trickle charges, start-ups and drives. Furthermore, battery and fluid levels are checked and a walk round inspection is carried out before the car is returned to you.
CONTACT US
Our Business Development team is available to help with your enquiries.
FRequently asked questions
Your questions answered.
Why loan against your LUXURY OR CLASSIC CAR?
WHAT TYPES OF LUXURY AND CLASSIC CARs DO WE LEND AGAINST?
We lend against the widest range of classic and luxury cars. There is not one marque we will not consider, provided we can assess its value and provenance.
What LUXURY assets do you accept?
We accept a wide range of luxury assets including, but not limited to luxury and classic cars, fine art, watches, jewellery and diamonds, fine wine, antiques and gold.
What services do you provide for classic car owners?
We provide three services of value to the classic car owner and collector. We can provide immediate short term funding to purchase a vehicle without the need for the client to divert funds being employed in other areas or having to wait for finance from a bank. While clients have the vehicle, if they have a need for finance, it can become the security we can use to release immediate funds without the need for lengthy paperwork and lastly, if the client decides to sell the car, we can advance up to 70% of the value immediately while also finding the ideal venue and time to sell the car on your behalf to maximise the price you receive.
What information do I need to provide about my classic car?
If you can provide a short description of your classic car which includes the make, model, year, ownership history, condition status and details of any restoration work, it will help us complete our initial appraisal assessment faster. We may also need to see a copy of the service history, MOT and the original V5 document.
Why LOAN AGAINST YOUR CAR WITH US?
Our process is simple, with minimal paperwork and we can release funds as soon as the appraisal has been completed and agreement has been signed. We are the ideal option if you need to move decisively to raise short term funding quickly and with the minimum of fuss.
HOW DO WE COMPARE TO OTHER LUXURY ASSET LENDERS?
We can typically offer you up to 70% loan-to-value (LTV) on luxury and classic cars whereas many short term car lenders only offer up to 50% LTV. This means that if you want to borrow against your classic Jaguar valued at £110,000, we would be able to lend you up to £77,000 (70% of the value).
How much will it cost?
Terms
All our loans are for 3 to 24 months. Maximum APR (including all fees) is 44.7%.
Representative Example
Loan amount of £100,000. Admin fee of 3%. Loan term of 6 months. Interest rate of 2% per month. 3 months paid interest upfront of £6,000. Net advance of £91,000. Total interest of £15,000 over 6 months. Representative APR is 36.4% (including all fees).
CASE STUDIES
Examples of how we have supported clients.
Aston Martin Used to Solve Short Term Liquidity Challenge
Aston Martin Used to Solve Short Term Liquidity ChallengeChannel: Mortgage BrokerClient: Parent,...
Fine Wine Used to Fund a Business Opportunity
Fine Wine Used to Fund a Business OpportunityChannel: Business Finance ConsultantClient:...
Watch Collection Used to Cover a SME Tax Bill
Watch Collection Used to Cover a SME Tax BillChannel: Financial AdviserClient: Lawyer, 61 years...
We Helped This Collector Acquire Antiques at Auction
WE HELPED THIS COLLECTOR ACQUIRE FINE ART AT AUCTIONChannel: Auction HouseClient: Fine Art...
Financing an Art Gallery Owner’s Stock Purchase
Financing an art gallery owner's stock purchaseChannel: Commercial Finance BrokerClient: Gallery...
Jewellery Used to Complete Property Transaction
JEWELLERY USED TO COMPLETE PROPERTY TRANSACTIONChannel: DirectClient: Property developer, 41 years...
We are a specialist lending company providing loans secured against luxury assets. The group we are part of has lent over £200 million against luxury assets since 2010, and we are funded by Crestline Investors, Inc.(‘Crestline’), an institutional alternative asset manager.
Official Finance Partner of the Aston Martin Owners Club
© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. Hopkins & Jones Limited is registered in England under company number 433606. Registered office: 127 Victoria Street, London SW1E 6RD. VAT number: 238 8280 37.
Official Finance Partner of the Aston Martin Owners Club
© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. www.suroscapital.co.uk is a site operated by Hopkins & Jones Limited, registered in England under company number 433606. Registered office: 127 Victoria Street, London SW1E 6RD. VAT number: 238 8280 37.
Call us today on 0800 038 5974
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