RECENT MCLAREN FINANCE DEALS

When a returning client got back in touch with the team at Fast Car Finance, he had a clear goal, upgrade from his 2011 Aston Martin Vantage to a 2017 McLaren 570GT. As well as the change of car he wanted to ensure the changed happened in the most efficient and cost-effective way.

He loved the character and sound of the Vantage, but wanted something more modern, with sharper performance and greater day-to-day usability. The McLaren 570GT delivered exactly that, lighter, faster, and more technology-focused, with a more contemporary interior and grand-touring practicality.

Because the existing car was funded through the client’s business, the agreement did not fall under Consumer Credit Act protections. That means funders are not obligated to provide early settlement rebates in the same way they typically are for personal agreements. Knowing this, we approached the situation strategically.

We first obtained a settlement figure on the current agreement, then approached the same funder regarding the replacement vehicle. As the client was refinancing into a new agreement with them, we were able to secure enhanced settlement terms that would not normally be available on a straight early payoff. This significantly improved the overall upgrade position.

Once the new funding was approved, we coordinated closely with a dealer we’ve successfully worked with before, ensuring every stage, from documentation to vehicle handover  ran smoothly and on schedule. The result was a seamless transition from old car to new, with minimal disruption to the client. Both we and the supplying dealer were pleased to receive a strong testimonial following completion.

Thinking about upgrading your vehicle through your business?
If you’re in a similar position and considering a change, the right structuring and lender approach can make a major difference. Our service focuses on managing the entire process for you:  funder discussions, dealer coordination, and paperwork from start to finish.

Get in touch to see how we can make your next upgrade simple, strategic, and stress-free.

An exiting client of over 10 years was looking to upgrade his McLaren 570 for a McLaren 720S.

He was definitely a supercar fan as we had previously financed a Ferrari and a Lamborghini! As his trusted finance broker the client knew who to speak to when looking for his next purchase. Offering sound advice and being a good sounding board we were able to arrange supercar finance with a balloon payment at the end of the agreement.

His exiting car went in part exchange so there was no additional cash for him to find.

A balloon payment defers all or part of the capital until the end of term, but does mean monthly repayments are lower. In this instance the balloon payment matched the amount of finance so the client only paid interest over the term. However, after 4 years the balloon payment will fall due and will be the client’s responsibility.

To find out more about balloon payments and how they work take a look at the following link or give us a call on 01635 785 400

Having seen some details of previous transactions on our website, this new client contacted us to help arrange prestige car finance on a McLaren.

Like many of our clients, he does not receive a fixed monthly salary. We often see income derived from a mixture of salary, dividends, other businesses etc so it’s important we understand how annual income is made up. We have to present this information to any prospective lender and also be able to prove it by way of tax returns, bank statements, payslips and P60s.

Funding was approved and having found a suitable car the client arranged to view & test drive it. We would always recommended viewing and driving a car before making a purchase. You may also wish to arrange an independent Pre Purchase Inspection ( PPI )  depending on the value, age and marque of car.

Upon completion, the client collected the car and was able to add it to his collection of cars & boats.

Our returning client was after something a little different and decided he wanted to swap one of his current cars for a McLaren.

As we had known the client for some time, we knew his background and status so it was very easy for him and us to progress an application for supercar finance, with the client having to supply little additional information.

Our chosen lender also knew the client and were happy to facilitate the change of car. They were also able to provide a very good balloon residual which kept the monthly repayments affordable and within the client’s budget.

With the client due to return from holiday, speed was of the essence as he wanted to get into the new car as soon as he could after he got back. To help move the transaction along we met the client at the dealership to sign all the paperwork and also undertake an asset inspection.

We often have to undertake asset inspections on higher value cars, which also gives us an opportunity to see the car up close.

This company director client had found us via the Fast Car Finance website during lockdown and was looking at various models of Ferrari for us to provide Ferrari finance.

This has been a fairly lengthy process, where we provided him with six or seven quotes to help him with his decision making. However, having discussed the merits of various models and the investment potential (which is one of our favourite things to do), our client decided on a used McLaren 570S Coupe because he felt it was a better long-term investment and certainly something he would enjoy driving at the weekend.

The McLaren finance deal for the client saw him put down an 10% deposit on the £90,000 purchase price of this supercar. He has a £42,000 balloon payment at the end of the four-year term and monthly repayments of £1,100.

Like the majority of our clients, he is a very busy business owner, so we travelled to Manchester to meet him, sign the paperwork and execute the transaction. After weeks of deliberation over the best supercar for our client, we were able to execute the supercar finance transaction in less than 48 hours and with minimum disruption for the client.

Launched at the Geneva Motor Show, the McLaren 650S was the Woking outfits reiteration of the hugely popular MP4 12C.

When the first examples hit the showrooms, a longstanding client of Fast Car Finance placed his order, keen to add this UK super car to his small but growing collection.

With a price tag of just under £250,000, it needed a sensibly structured finance package to enable affordable ownership. We were able to organise a four year Hire Purchase loan with a final lump sum (known as a balloon payment) of £80,000. By deferring a substantial part of the loan, this reduced the customers monthly payments by over £2,000 pcm.

The Fast Car Finance team has access to a number of lenders that uniquely operate in the high value prestige car market, this enables us to structure super car finance to suit your personal circumstances.

For new and used McLaren sports cars arranged on bespoke terms please get in touch today

This entrepreneur wanted to purchase a McLaren GT3 race car to add to his enviable collection of track and rally cars. Supercar finance is not always straightforward, particularly when the car is not road legal and can only be used on track. Thankfully, our in depth knowledge of the market meant that after suitable due diligence on the car and it’s authenticity, we were able to offer a bespoke race car finance solution. Supercar finance made easy by the expert and friendly team at Fast Car Finance.

When this existing  client was at the point of adding to his already  stellar  car collection by way of his first supercar, it was FCF he turned to. Having been offered    what he thought  was a highly competitive finance    package  from the McLaren dealer; he had indicated to us he would accept  their offer. Imagine his surprise    when the paperwork that was  presented to him for signing  was not as he had been lead to expect;  he got back in touch with us. With only 72 hours until the scheduled collection date, FCF had very little time to arrange the finance but sort it we did and at a very satisfying    APR of 6.8%