Prestige vehicle financier JBR Capital has revealed the average value of a car it finances is almost £76,000.
Five years from its inception, the company says it has recorded its best winter to-date, suggesting demand for high-end vehicles is increasing.
Darren Selig, Executive Chairman at JBR Capital, said, “2020 has started for us with a high volume of enquiries and pay-outs, making it our busiest winter yet since the inception of the company just five years ago.
“With the General Election and Brexit out of the way, consumers seem to have moved on and are gaining confidence regarding financing their vehicles, starting to realise the benefits. We also have very strong credit, sales support and customer relations teams that are able to offer a very professional and personal service to all our clients.”
The direct lender is able to lend up to £10 million for the purchase of prestige vehicles. Car finance solutions are available for when borrowing £25,000 upwards – making the financing of highly sought-after cars a practical and shrewd option for many.
Recent data showing that the average age of vehicles financed is four years old reflects the trend that classic cars are typically financed less over the colder months of the year.
To date, JBR Capital has financed £500m worth of vehicles. The company says it is adapting its approach to communications to help customers, prospective customers and automotive enthusiasts “stay abreast of key information that relates to the fast-moving car industry”.