Classic cars evoke such feelings of excitement and sentiment. So, it is easy to see why so
Many people are passionate about growing their collection of these incredible machines

For collectors, they represent more than just transport. They are moving works of art.

And while many have bold aspirations to expand their collection from one cart to a curated
selection of them, the unfortunate reality is that capital constraints often delay or limit
this ambition.

There are, however, modern finance solutions which now allow collectors to expand their
garage without spending all their savings. Here, we’ll explain how and why a firm such as
Shire can help high-net-worth (HNW) individuals realise their dream.

Why Finance Is the Smart Route for Collectors

Finance solutions are not just for those who have low cash reserves and need capital from
a new source. No, it is a tool that is used by collectors who understand the value of
liquidity and the flexibility that leasing and finance bring them.

While your everyday hatchback or saloon depreciates the moment it is driven off the
forecourt, classic cars are increasingly seen as appreciating assets that have potential for
high resale value (depending on condition and maintenance, of course).

With this in mind, it makes sense to spread the cost over time so that collectors can
purchase a vintage Jaguar E-Type or Mustang quickly without waiting for months or
years to build up capital.

The popularity of classic cars makes it a competitive, exciting industry that rewards those
who act fast.

Shire provides tailored finance solutions that not only cover the purchase of the vehicle
but also allow buyers to preserve capital to maintain and restore their cars.

Four Popular Finance Options for Classic Car Buyers

There are several solutions for classic car buyers looking to expand their collection. As
Detailed below, these options suit people in different scenarios, so whether it's one car

If you’re looking to purchase or you want to add multiple vehicles to your garage, there is
likely a solution for you.

● Hire Purchase (HP): The traditional, reliable route for collectors looking to own
the car outright after the set term. It's very simple. Payments are spread monthly,
and then ownership is transferred to the new owner once all payments and the
option to purchase fee are made.
● This is perfect for collectors who want to hold on to the vehicle and hand it down
to the next generation.
● Lease Purchase (with balloon payment): This offers lower monthly payments
because it defers a large portion to the end of the term. This is particularly useful
for collectors managing the purchase of several vehicles at once by freeing up
capital to expand the collection while keeping a healthy cash flow.
● Personal or unsecured loans: These loans allow collectors to retain full
ownership of the asset from day one, with the finance deal not secured against the
vehicle itself. Because the lender does not take security over the asset, this type of
borrowing typically comes with higher interest rates.
● Auction finance: Pre-approved auction credit lets collectors act decisively when a
rare or unique vehicle becomes available. It ensures you’re ready to bid without
hesitation, even on short notice, thanks to fast approvals.

Releasing Equity on Your Current Collection to Fund New Purchases

Equity release can be a useful tool for classic car collectors, but it is often very
underutilised. Many collectors don’t know that it’s possible to release equity from
vehicles the same way you might from a property, or they perceive it to be too complex.

By tapping into the value found in an existing, and appreciating, vehicle, collectors can
fund the purchase of new vintage cars while keeping their prized assets in the garage. All
of a sudden, your car collection is now a working asset that is helping you scale your
portfolio of vehicles without depleting other investments.

Shire offers bespoke equity release options that take into account the appreciating
The nature of classic cars which helps to secure competitive terms based on market value.

This can be a very smart way for experienced collectors to leverage their collection, using
The value of a Ferrari 308 or Aston Martin DB5 to finance the purchase of a new barn find Porsche project.

Want your car collection to work for you to fund further purchases? Speak to our
team today