Why Refinance a Supercar?
- Your current rate is high relative to market (above 10–11% APR)
- Your credit profile has improved since the original agreement
- The car has held value and you want to release equity
- You want to extend the term to reduce monthly payments
Worked Example: 11% → 8.5% Refinance on £200,000 Ferrari
| Parameter | Current | Refinanced |
|---|---|---|
| Outstanding Balance | £200,000 | £200,000 |
| APR | 11.0% | 8.5% |
| Term Remaining | 36 months | 36 months |
| Monthly Payment | approx. £6,543 | approx. £6,314 |
| Monthly Saving | approx. £229/month | |
| Total Saving | approx. £8,244 over term |
The Refinance Process
We obtain the settlement figure from your current lender, arrange a new facility with a competitive lender, and pay off the existing agreement. The process typically takes 5–10 working days and requires a new finance application, vehicle inspection, and clear title check.