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Luxury lender reveals 2019 car financing trends

In terms of where in the UK the most high-end vehicles have been purchased with bespoke finance solutions, circa 39% of customers are based in London and the South East.
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December 19, 2019

PORSCHE was the top financed prestige marque this year according to JBR Capital, which has revealed the main trends in prestige car financing in 2019.

Ferrari accounted for 34% of all pay-outs on supercars valued at over £250,000 while the average value of cars from all the vehicles financed by JBR Capital was £96,000. 

German, British and Italian manufacturers proved the most popular in 2019 – and interestingly, 13 years old is the average age of car being financed.

In terms of where in the UK the most high-end vehicles have been purchased with bespoke finance solutions, circa 39% of customers are based in London and the South East.

The most frequently financed supercar this year has been the Lamborghini Aventador LP 770-4 SVJ. This limited edition, of which only 63 vehicles were actually produced, marked Lamborghini’s founding year of 1963.

Darren Selig, Executive Chairman at JBR Capital, said: “Some limited edition Lamborghinis do have the ability to hold their value well, and continue to be in demand, even in unfavourable financial climates.

“A prime example of this being the sale of a Lamborghini Veneno for £6.8 million at the Bonhams Bonmont auction, in Switzerland, this September.

“One significant trend we have seen this year is that prestige vehicles such as the Tesla Model S, X and the new Model 3 are starting to gather pace in terms of popularity.

“We have certainly been getting more inquiries with regards to the financing of electric vehicles – with this trend of course looking set to continue into 2020 and beyond.

“JBR Capital has had a record-breaking year with July our busiest month ever for pay-outs. This October we celebrated reaching another key company milestone, of £500 million in pay-outs since we launched the business five years ago. 

“There is no doubt that vehicle finance is increasingly seen as the savvy way to purchase a supercar, prestige or classic car.”

 

 

 

 

 

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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