How Classic Car Equity Release Works
If you own a classic car outright - or have significant equity in one - you can borrow against it as security. The lender places a charge over the vehicle (it remains with you but title is held as security until the loan is repaid). This gives you a lump sum of capital while retaining your asset.
Typical Terms
- LTV: typically 50–70% of independently assessed value
- Terms: 12–60 months
- Rates: 10–14% APR (higher than standard HP due to refinance risk)
- The vehicle remains with you - stored and insured to lender requirements
Worked Example: £200,000 Classic Ferrari - 60% LTV = £120,000 Released
| Parameter | Detail |
|---|---|
| Vehicle | Classic Ferrari (owned outright) |
| Agreed Value | £200,000 |
| LTV (60%) | £120,000 released |
| Product | Secured Loan / Refinance (JBR Capital) |
| Term | 36 months |
| Representative APR | 11.9% |
| Monthly Payment | approx. £3,997 |
| Total Cost of Credit | approx. £23,892 |
Common Reasons for Classic Car Equity Release
- Funding a property purchase or bridging gap
- Business cash flow requirement
- Funding another acquisition without liquidating the classic
- Estate planning or tax liability