MGB GT Finance Example | Classic Car Financing
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MGB GT 1976

REPRESENTATIVE EXAMPLE
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On The Road cash price
£41,000.00
Cash deposit
£8,200.00
Total amount of credit
£32,800.00
Term of agreement
61 months
Monthly payment
£428.69
Arrangement fee
£100.00
Option to purchase fee
£12.00
Interest charges
£8,721.40
Total charge for credit
£8,833.40
Fixed rate of interest
6.94%
Representative APR
7.3%
Balloon Payment
£15,800.00
MGB GT 1976

PURCHASE PRICE:

DATE OF PURCHASE:

TYPE OF FINANCE:

Occupation:

Location:

£41,000.00

02/07/2021

Regulated Hire Purchase

Sales Manager

Buckinghamshire

We recently financed a classic MGB GT for a client who was keen to relive his childhood memories by adding this classic car to his collection!

Having sourced the car from a specialist MGB supplier CCHL, we were delighted to use our extensive panel of classic car finance lenders to provide finance on this incredible 1970s model. Given that the car is almost 50 years old, very few funders would finance such a car so our client was delighted that he could secure this vehicle at an interest rate of 7.3% APR, including a £15,800 balloon, which enabled him to keep his monthly repayments low. 

Benefitting from a number of moderations, securing classic car financing that truly reflected the value of this incredible model was a job for only true motoring enthusiasts. Luckily our client knew we were the perfect team for the job!

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tickCUSTOMER REVIEWS

  • Porsche Macan S 02/2026

    What a brilliant service with focus on making the finance process as easy as possible. I will be in touch when I have my third car finance need ...

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    A super overall service, particular attention paid to understanding my financial priorities and a personal and helpful approach by Steve. I will be back ...

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    Just wanted to thank you for sorting the McLaren for me, really happy and really pleased with how easy the process was from McLaren and both Andy and Carol on the finance side ...

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    Many thanks Steve. It has been a pleasure dealing with you for this transaction. I really appreciate you having kept me well informed and assisting every step of the way ...

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    Thanks Steve… and many this for getting this over the line + all the miles you travelled!! Car is here now… exceptional ...

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  • McLaren 12C Spider 06/24

    Thanks again for all your help and patience with the finance.  Vendor had received payment and were complimentary over ease compared with certain other finance companies they’ve experienced recently.   So if and when it comes time to change or refinance this one I’ll be back ...

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  • Ferrari F430 Spider 01/2024

    You guys have been great! Another car to the collection! You are the only guys I will work with! Steller service as always ...

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    I will send you a video when I pick up the car. Thank you for all your help as always ...

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    ''Andy, thanks to you and your team for making the effort on this one for me ...

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    Thank you for so much for helping me out, much appreciated. You are a star ...

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    Many thanks for all your help & assistance ...

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    I can’t be any happier! I think the whole process has been the smoothest I have ever experienced! I shall certainly recommend you and Andy, thank you very much ...

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