INDEPENDENT high-end vehicle financier JBR Capital had its busiest month ever for loans in July, it has revealed.
The largest amount lent last month in a single transaction was for a Ferrari, with the payout reaching almost £2.5 million.
Porsche, Range Rover and Lamborghini were the most-financed marques during July, it said, followed by Ferrari, Audi and Mercedes-Benz. The top three models were the Audi R8, Lamborghini Huracan and Porsche 911 991 GT3.
Along with financing supercars and prestige vehicles, the London-based company – which has been giving loans for four and a half years – said it has found that high-quality classic cars with provenance are also still in strong demand, and even with Brexit uncertainty it continues to go from strength to strength.
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, it said.
Chief operating officer Stephen Halstead 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.’