We often write about the benefits of refinancing, especially in the current market climate, yet this time we have something a little different to introduce…
I’m sure many of our clients are car enthusiasts and if the words McLaren, Ferrari, Porsche, Bentley and Rolls Royce (to name but a few) ignite some excitement in you, you may wish to read on – especially if you may be looking to raise finance.
Contrary to popular belief, car finance is not simply for those who cannot afford to buy a car outright, in fact, this is far from the case for the majority that do so. Whether it’s to keep hold of your cash for alternative spending or simply because you do not wish to tie it up in a depreciating asset, car finance can be a very beneficial way of securing a more flexible form of equity for raising capital.
Not everyone will be aware that it’s possible to raise finance against a car, especially when it comes to higher end cars. However, there are many reasons why you may benefit from doing so. You may consider taking finance out via a business as a business expense, (although we recommend always seeking advice from your accountant first). Or you could refinance an existing car or collection that you own outright to release some equity.
Almost no one will lend against historic racing cars, however JBR Capital is an exception in the UK. As the only independent provider of high-end vehicle finance, from modern-day supercars to high-end classics, as well as being the exclusive UK finance provider for McLaren Automotive, they are certainly the experts in this space.
JBR Capital have principles very similar to ours at Enness. Lending to those with more complex circumstances who may be turned away by other lenders, they pride themselves on offering a personal and bespoke service, with the expert knowledge to arrange the best finance package for you.
Backed by Cabot Square Capital (the specialist financial services private equity investor), JBR Capital can provide secure lending of anything from £25,000 to £3m and have already loaned over £90 million to date.
Helping to meet demand from borrowers for flexible, bespoke finance alongside funding for high-vehicle purchases, JBR work closely with dealers and specialist brokers to meet customer needs quickly and efficiently, such as Enness.
We have an excellent relationship with JBR Capital and would be more than happy to make a formal introduction, if you’re looking to raise additional finance. You can visit JBR Capital’s website here for more information.
Equally, if you have any further questions on refinancing your property, or how you can best release equity from assets, please do not hesitate to contact us. Our expert brokers are on-call day and night.