Enness was approached by an existing client seeking finance to purchase a nearly new Rolls-Royce Dawn. The client had previously placed a deposit on the vehicle but had been unable to secure suitable finance before the car was sold to another buyer.
The client’s income was generated overseas while they were living in the UK as a tenant. This international income profile limited the number of traditional UK lenders willing to consider the application, particularly for a high-value vehicle purchase.
OUR SOLUTION
Enness identified a specialist luxury vehicle finance lender experienced in assessing international income and complex borrower profiles. The lender was able to consider the client’s wider circumstances and provide finance for the approximately £270,000 vehicle.
The client contributed approximately £75,000 towards the purchase, with around £195,000 financed over a 48-month term. The structure incorporated a balloon payment of approximately £125,000, reducing the regular monthly commitment while providing a defined repayment requirement at the end of the term.
The lender offered flexibility around the size of the final balloon payment, allowing the finance structure to be adjusted to suit the borrower’s circumstances and affordability, subject to lender criteria.
The resulting facility enabled the client to proceed with the purchase despite their international income profile and the limitations they had encountered with more conventional finance providers.
This case demonstrates how specialist luxury asset finance can provide an alternative for high-net-worth borrowers whose income, residency or wider financial circumstances may fall outside traditional lending criteria. A lender experienced in complex applications can assess the overall profile rather than relying solely on standard affordability measures.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, affordability, asset suitability and lender criteria. Terms, rates, LTVs and availability may vary depending on individual circumstances.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
