Luxury market finance deals ‘are on the up and up’

Time 7:45 am, September 23, 2015

THE number of finance contracts arranged for buyers of luxury premium vehicles is continuing to soar, new figures show.

A year-to-date increase of 50 deals has been reported by an independent finance and insurance company that acts as a captive funder for Aston Martin and Rolls-Royce.

Nick May, pictured above, who is the head of premium captives at Alphera Financial Services, said the growing economic confidence in the UK combined with desirable new models had helped create the rise in sales of luxury marques. ‘It is testament to our market intelligence and sector experience that we have achieved this result,’ he said.

The company says its premium captive team, which focuses on customers buying prestige vehicles, has reported a continued increase in finance penetration, with 2014 volume figures up by 230 per cent on 2013.

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