Ferrari Enzo 2004
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£1,250,000.00
02/12/2016
Hire Purchase
Property Developer
Surrey
12 months ago the owner of this Supercar came to us to ask for our help in raising funds for a new business project using this incredibly valuable asset. Fast Car Finance arranged an Equity Release agreement which was tailor-made specifically for him as an attractive interest-only agreement subject to a balloon payment at the end. A year on and acknowledging that his balloon repayment of £750,000 was due imminently, he put a call into Fast Car Finance to discuss his ideas and therefore our possible solutions. To cut a long story short the net result of our conversation was that we were able to roll over the balloon payment for another 12 months, still with interest-only payment terms, which means that our customer can take his time to decide what to do with his beloved asset.
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