Restoration firm, Classic Motor Cars (CMC), is offering personal finance services for classic car purchases and restorations through UK luxury vehicle finance provider, JBR Capital, making the process of owning a classic car easier.
The new offering will combine the service standards of CMC with finance options from the UK’s only independent finance provider dedicated solely to high end vehicle finance.
Nigel Woodward, managing director at Classic Motor Cars, said: “Besides their charm or nostalgic appeal, classic cars can offer excellent potential as investments. With the tailored finance solutions provided by JBR Capital, enthusiasts can now turn their dream into reality. Owning a classic has never been easier.”
Darren Selig, executive chairman at JBR Capital, added: “We’re delighted to be working with Classic Motor Cars, opening up a range of finance options to prospective and current owners of classic cars.”
For classic car purchases, the finance options include equity release, refinancing, credit line finance which allow buyers to move quickly and seal the deal, hire purchase allowing individuals to pay for their car in monthly instalments and lease purchase which works by submitting a final payment at the end of the fixed term, meaning that monthly payments are lower than what you would pay in a hire purchase agreement.
At the same time, the available finance options for restoration include staged payments and early settlement options to suit as many people as possible, equity release against existing vehicles therefore releasing funds that would otherwise be tied up and refinancing for customers who have existing finance agreements.
Founded in 1993, CMC offers general servicing, upgrades, accident repairs, repaints, parts, full restorations, storage, transport, car sales and bespoke car design for classic car owners.
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