The Valuable Asset in your Garage | Car Equity Release
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01635 785 400

Have you got valuable assets that are locked up in your garage?

Range Rover LWB

Did you know that you can use your car (or car collection) to fund a whole range of other business or personal projects?  If you’ve got a motor car that’s worth a large sum of money, you can use it as security if you need to raise money quickly.

 

But, if you search for Equity Release on Google, you’ll see that pretty much every article talks about using your house as security for a loan. However, at Fast Car Finance, we like to think outside the box, and we know that you don’t have to use bricks and mortar to fund your latest business deal (or holiday, second property, even a divorce)!

 

This simple example from one of our customers shows how Fast Car Finance managed to raise £200,000 for a business deal without him needing to speak to the bank.  All within just 10 days!

 

A quick call to Fast Car Finance and we realised that we could use the customer’s £495,000 1960 Aston Martin DB4 as security for the £200,000 loan that he needed for his business deal.  The next step was to arrange an independent valuation, which allowed us to work out how much we could arrange the loan for.

 

  1. Within 10 days from initial enquiry, we had the funds cleared in his account
  2. He didn’t need to speak to the bank and fill out endless forms
  3. The customer has the option to pay the loan off earlier than the agreed terms if he chooses
  4. The customer got to fund his business deal AND kept his amazing car. Win win all round!

 

Andy Wise, managing director of Fast Car Finance says:

“Equity release using a car or car collection is quite a niche area. Many people don’t even think about the assets that they are collecting, or driving around in. So, if you want to raise some cash quickly for a business deal, school fees, a tax bill – even a divorce, then consider using your modern or classic car to help you generate some money.”

 

“It really is a brilliant way to raise cash quickly – just a simple valuation of the car and there’s no need to get the bank involved.  You don’t have to sell the car – you can continue to use it and it will continue to appreciate. Best of all, you won’t upset your wife or partner by raising a loan against a property either!

 

Next month, we will focus on how equity release compares to other ways to raise money, including loans against your property, bank loans and taking money from your business.

 

If you have a query about equity release, please give the Fast Car Finance team a call on 01635 785 400 or contact us here.

 

We can arrange a cash lump sum in between 5-10 days against the value of your car – something that only Fast Car Finance, as a specialist broker, can do.

tickCUSTOMER REVIEWS

  • Mercedes Benz E53 AMG

    Thank you so much for your help and excellent service. Will be recommending you. Thanks!     ...

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  • Range Rover Sport SVR

    Thanks for such a professional and amazing service ...

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  • Audi A1 TFSi Sport

    Many thanks for all your help. I know it wasn’t easy but it worked out great in the end. I have a very happy daughter and wouldn’t have been able to do this without all your help ...

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  • Jaguar F-Pace R Sport

    Picked up the car this morning. Just wanted to say a huge thanks for getting it sorted ...

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  • BMW M3

    I cannot recommend Andy Wise and his team high enough at Fast Car Finance / Thames Valley Asset Finance his personal touch, customer service, dedication in looking after customers is second to none, over 5 years of giving my business to him he never fails to deliver. Thank you for organising the latest finance on ...

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  • Porsche Panamera 3.0 V6 S E-Hybrid 28/11/2017 09/2013

    Awesome personal service from Andy – No hassle, barely any work from my side and finance sorted in under 24 hours from the go-ahead. Answered my (inane) questions on weekends and evenings and even phoned the dealer to try and sort out a problem I had with delivery ...

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  • Honda NSX

    Thank you for what is probably the most easy finance in the history of mankind. If I can send more customers to FCF I certainly will ...

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  • Mercedes E400 04/2019

    New car is amazing and thanks for all your help getting everything done in time. Hugely appreciated as always ...

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  • Range Rover Vogue 11/2018

    Great Job. You make it look as effortless and hassle free as ever, but I know how much skill and attention to detail this takes on your behalf! Very much appreciated and thanks for getting this arranged ...

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  • Ferrari California August 2018

    Brill! Thank you to you and Carol for excellent service! I’m sure we will do business again in the future ...

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  • Ferrari 550 Maranello August 2018

    Good job. Thanks ever so much Andy. I'm not sure I'll be able to get much more work done today now I know I am the proud owner of the car but I'll try ...

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  • BMW X6 06/2018

    Great work again Steve, as always. Thank you ...

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