Fast Cars, Fast Loans: How We Helped Speed Up a €1.7M Ride

• Client: Middle Eastern Resident with Dual European Nationality
• Vehicle Value: Circa $1.7M
• Loan-to-Value (LTV): Approximately 55%
• Repayment Structure: Interest-Only

Enness was approached by a high-net-worth individual residing in the Middle East who held dual European nationalities. The client owned a collection of highly sought-after luxury vehicles and was looking to acquire an additional car valued at approximately $1.7M.

Although the client had sufficient liquidity to purchase the vehicle outright, they preferred to preserve their available capital and use short-term financing instead. The intention was to repay the facility following the eventual sale of another vehicle from the collection, allowing the client to retain the asset until they considered market conditions more favourable for a sale.

The client required financing representing approximately 55% of the vehicle's purchase price. This provided access to the required liquidity while maintaining a relatively conservative level of borrowing against the asset. As the facility was intended to bridge the period until another vehicle could be sold, securing competitive terms and a flexible repayment structure was particularly important.

A further consideration was identifying a lender with specialist knowledge of the luxury vehicle market. Enness introduced a lender with experience in luxury vehicle auctions and resale, providing the client with an additional route to consider when they were ready to sell the vehicle intended to repay the facility.

The resulting loan was structured on an interest-only basis, giving the client flexibility around the timing of repayment. The facility did not include an early repayment penalty, allowing the client to repay the borrowing when appropriate under the agreed terms.

From the initial introduction to the lender through to the release of funds, the transaction was completed in just under one month. This included due diligence, verification of the vehicle and agreement of the financing terms.

The solution enabled the client to complete the acquisition without immediately liquidating another asset from their collection. This provided greater flexibility around the timing of any future sale while allowing the client to access the vehicle they wanted without using the full purchase price from their own liquidity.

This case demonstrates how specialist luxury asset finance can provide high-net-worth clients with bespoke funding solutions for significant purchases. Enness's access to specialist lenders and understanding of high-value assets enables us to structure finance around individual requirements, including situations where liquidity preservation and flexible repayment are key considerations.

If you are considering financing a high-value vehicle or other luxury asset, speak to a luxury asset finance specialist to explore your options.

The views and opinions expressed in this piece are those of the author and do not constitute advice or a recommendation. They do not necessarily reflect the official policy or position of Enness and are not intended to indicate any market or industry viewpoints, or those of other industry professionals.

Enness does not give advice on Luxury Asset Financing, and lender introductions are unregulated.

Our case studies are based on real scenarios and outcomes. The details have been anonymised and generalised to protect the identity of those involved.