Ferrari leads high-end pay-outs
High-end vehicle finance is on the rise; July was the busiest month for one leading UK vehicle financier with one pay-out alone reaching nearly £2.5m.
JBR Capital lent the single pay-out for a Ferrari. Porsche, Range Rover and Lamborghini were the most financed marques during the month of July, followed by Ferrari, Audi and Mercedes-Benz. The top three models were the Audi R8, Lamborghini Huracan and the Porsche 911 991 GT3.
Along with financing supercars and prestige vehicles, JBR Capital has found that high quality classic cars with provenance are still in strong demand. The upward trend in equity release is also continuing with more classic car owners using JBR to free up cash from their cars, to put towards other purchases and investments.
Stephen Halstead, chief operating officer at JBR Capital, said, ‘July’s performance is a credit to the whole team who continue to work extremely hard on providing the very best service to our introducers and customers. We have a clear focus on further improving our products and services and as such we’ll be announcing a range of new initiatives in the coming months.’J
