Luxury Car Finance

Finance Your Luxury Car

Luxury cars are an aspiration for many, regardless of the industry you operate in. Whether your dream is to own a supercar, a vintage car or another high value vehicle, having financial options available is essential.

When financing a luxury car, the method of finance selected does depend on the vehicle cost and the financial structure of your business.

We can arrange finance and funding for luxury cars. Whether that is for business or commercial use, we can assist you.

What is luxury car finance?

Luxury car finance allows you to acquire a high value asset for business or personal use, whilst having a payment structure that aligns with other expenses and does not harm immediate cash flow and reserves.

Hire purchase and finance leasing provides the desired asset whilst spreading the cost over an agreed period. Asset refinancing is a method that may be of interest if your business has access to valuable assets on you balance sheet.

Our vehicle management team have the knowledge and experience to provide assistance to any business looking to finance an asset in the automotive industry.

Types of luxury car finance available

Hire purchase: This form of asset finance breaks down the cost of an asset into fixed monthly payments over an agreed period once a deposit has been made. Although VAT is typically paid upfront, it can be deferred for up to three months. Once the agreement ends, you will fully own the asset.

Finance leasing: If owning the luxury vehicle isn't a priority, leasing could be the perfect option. You rent the luxury car over a set period, making monthly payments through the term with no obligation to buy at the end. Leasing offers flexibility without the long-term commitment of ownership.

Asset refinancing: Refinancing is an effective way to generate capital for your luxury car. You provide asset from your balance sheet, then this asset is sold to a lender and leased back to your business under a fixed agreement. This allows you to unlock the value of the asset while continuing to use it for your operations.

How does luxury car finance work?

To finance a luxury vehicle, you pay an initial deposit, and the remaining value is split up into monthly payments to be made over the course of the agreement. In the repayment process, you are not the owner of the vehicle, however you can use the car for business and personal use. With the financing options on offer, you can specify the length of which you would like to finance the vehicle over, as well as the amount deposited at the start of the agreement.

Is luxury car finance right for your business?

Luxury vehicles involve a large sum of capital to be bought outright, which may cause issues for a business’ cash flow or capital. With methods such as hire purchase, finance leasing and asset refinancing, the same asset can be acquired whilst the purchasing is done through financially sustainable options.

Financing also simplifies the budgeting process, with a fixed schedule of when payments are made, as well as the flexibility involved in financing agreements, future financial planning is made easier.

Applying for luxury car finance

MAF Finance Group have a great relationship with a range of banks and financial institutions, providing clients with tailored financial solutions.

If you would like to get a quote or learn more, simply fill out our form and we will be in touch shortly. If you would like to speak to us directly, you can call us on 0115 958 6872 and a member of our team will happily speak to you. Alternatively, you can email us at [email protected].