About Close Brothers Motor Finance
Close Brothers Motor Finance is part of Close Brothers Group plc, a leading UK merchant banking group. Close Brothers has been a consistent presence in the motor finance market for decades, with particular strength in used prestige and performance vehicles. Their competitive APR of 7.5% (indicative, October 2026) reflects strong underlying capital and a focused approach to quality lending. Close Brothers is available through approved dealers and brokers, and their underwriting is known for being straightforward and consistent - a quality DBF clients frequently appreciate.
Indicative Rates - October 2026
| Term | Hire Purchase (HP) 7.5% APR | Finance Lease 7.2% APR | Operating Lease 7.0% APR |
|---|---|---|---|
| 24 months | £6,750/mo | £6,729/mo | £6,716/mo |
| 36 months | £4,666/mo | £4,645/mo | £4,632/mo |
| 48 months | £3,627/mo | £3,606/mo | £3,592/mo |
| 60 months | £3,006/mo | £2,984/mo | £2,970/mo |
Example monthly payments on a £150,000 asset, no deposit. Indicative only - actual payments depend on deposit, status and lender criteria.
Close Brothers Motor Finance: Lender Profile
Close Brothers Motor Finance is the vehicle lending arm of Close Brothers Group, a FTSE-listed UK merchant bank. They have a strong focus on used prestige and performance cars, with well-established broker relationships and consistent underwriting standards. Their independence from manufacturer groups allows them to lend across all marques.
Key Stats
- Minimum loan: £5,000
- Maximum loan: £500,000
- Typical LTV: Up to 80%
- Typical term: 12–60 months
- Regulated by: FCA
- Parent group: Close Brothers Group plc (FTSE)
Eligibility Overview
Private individuals and businesses. Strong credit profile preferred. Self-employed considered with adequate documentation. All UK marques accepted. Vehicle age and mileage criteria apply.
Pros
- Among the most competitive rates on the DBF panel at 7.5% APR
- FTSE-listed parent - strong regulatory and capital backing
- Consistent underwriting across the prestige vehicle spectrum
- Good appetite for used performance and prestige cars
- Established broker relationships with fast processing
Cons / Considerations
- Strict on vehicle age and mileage thresholds
- Less flexible than Marsh for complex income situations
- Limited appetite for exotic or very low-volume vehicles
Worked Example: £150,000 Ferrari 488
Worked Example: Ferrari 488 via Close Brothers Motor Finance
| Vehicle | Ferrari 488 (2023 plate) |
|---|---|
| Total asset value | £150,000 |
| Deposit (20%) | £30,000 |
| Amount financed | £120,000 |
| Product | Hire Purchase (HP) |
| APR (indicative) | 7.5% |
| Term | 48 months |
| Monthly payment (indicative) | £2,901 |
| Total amount payable | £169,270 |
All figures are indicative and subject to status, underwriting and lender criteria. A formal illustration will be provided before any agreement is signed.