Jaguar XK 2014
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PURCHASE PRICE:
DATE OF PURCHASE:
TYPE OF FINANCE:
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£8,000.00
31/07/2019
Equity Release
Company Director
Sheffield
The team at Fast Car Finance pride themselves on going the extra mile.
This customer was not really looking for car finance but was trying to raise a small sum of money as a contribution towards a pending property transaction.
We suggested to the customer that he consider undertaking an equity release against one of his cars. We knew he owned a 2014 Jaguar XKR convertible, so we set about getting this valued for him.
As he only needed to raise £8,000 an with the cars valuation well in excess of this figure we are arrange a car equity release secured against the car. In effect, he sold the car to a finance company (whilst continuing to have used and ownership). They registered an HPi marker against the car and provide a very simple Hire Purchase agreement. Once the agreement has been repaid, the HPi marker will be removed and legal title in the car will pass back to the customer.
We can arrange equity release car finance on most cars valued at £25,000 and above. Provided you can provide us with proof of ownership and demonstrate that the reason for raising the cash is for a legitimate business use we should be able to structure classic car finance or prestige car finance equity release.
Call us today on 0333 12 12 400 to discuss your equity release requirements.
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