Used Porsche 911 4S 2014

How Fast Car Finance helped a self-employed builder purchase his dream Porsche 911

At Fast Car Finance, we pride ourselves on helping our customers drive their dream, no matter their circumstances. Recently, we had the pleasure of assisting a self-employed builder, we secured financed for a ten-year-old Porsche 911 worth £60,000. Here’s how we made it happen.

A dream within reach

The client was referred to us by the supplying independent Porsche dealership. The customer had apparently always dreamed of owning a Porsche 911, a car renowned for its iconic design and thrilling performance. As a successful self-employed builder, he decided it was time to treat himself to the ultimate reward for his hard work. He found the perfect vehicle—a well-maintained ten-year-old Porsche 911 priced at £60,000. However, arranging sports car finance for a car of this age and value can pose unique challenges.

The initial challenges

Traditional used car finance companies often shy away from financing older high-value vehicles, more so when the buyer is self-employed. Self-employed status meant our clients income was not as straightforward to verify as someone with a regular salary. Additionally, many lenders hesitate to provide finance for cars over seven years old, let alone ten. But at Fast Car Finance, we specialise in navigating these complexities and were happy to get to work..

The deposit and finance terms

Able to put down a £16,000 deposit, leaving £44,000 to be financed, our Porsche enthusiast was keen to spread the cost over the maximum term possible of five years. He also wanted to keep his monthly payments manageable. Our team got to work immediately, leveraging our extensive network of specialist lenders to obtain a competitive used Porsche finance quotation.

Securing the right finance deal

After carefully assessing our customers financial situation, we arranged a bespoke finance package tailored to his needs. The agreement included a balloon payment at the end of the five-year term, a structure often used for high-value vehicles. This approach allows a borrower to enjoy lower monthly payments while preserving the option to pay off the remaining balance in a lump sum or refinance it when the Hire Purchase agreement matures.

Our ability to secure this deal stemmed from our strong relationships with specialist lenders who are willing to look beyond the age of the vehicle. They recognised the enduring residual value of a Porsche 911, a model that retains its desirability come resale value even after a decade.

Why choose Fast Car Finance?

At Fast Car Finance, we understand that every customer’s situation is unique. Whether you’re self-employed, purchasing an older vehicle, or looking for a flexible finance arrangement, we’re here to help. Our expertise in the car finance industry allows us to overcome obstacles that might deter traditional high street lenders.

For this car enthusiast, our tailored approach meant he could drive away in his dream car without compromising his financial stability. The process was smooth, transparent, and efficient, ensuring he could focus on enjoying his new Porsche rather than worrying about the details.

Conclusion

If you’re looking to finance a high-value vehicle, even one that’s older or has unique requirements, Fast Car Finance is here to make it happen. Like this client, you can rely on us to turn your car dreams into reality. Get in touch with our team today to explore your options and see how we can help you secure the sports car you’ve always wanted.

Used Porsche finance made simple, that’s us!