Leveraging luxury and classic cars to finance property
We recently wrote on the subject of of leveraging a collection of fine art in order to secure a large mortgage; however, art isn’t the only luxury asset which can be used as security when a client is being considered for a high net worth mortgage. We also work with a lender who will allow leveraging luxury and classic cars to finance property.
The classic and prestige car market is a billion-pound industry, showing no sign of losing its appeal. Last year, a 1957 Ferrari 335 Sport Scaglietti, made £28.9million at auction, making it the most expensive classic car to be sold at auction in 2016. To date, the most expensive car to be sold at auction is a 1962 Ferrari 250 GTO which achieved £30.9million.
With classic and luxury cars consistently highly sought after and proving such a valuable asset, it’s no wonder they can provide ample security for some lenders when considering affordability on a property purchase.
We have a relationship with one lender in particular who will accept a number of classic car brands as security, including BMW, Mercedes, Bentley, Ferrari, Aston Martin and Audi. In order to ascertain the security of the asset, a number of things will be assessed; the V5 certificate of ownership, the trade value – as specified by a number of industry systems – auction history records, and a specialist will verify the trade value based on the car’s year, make, model and overall condition. The lender will then typically lend up to 50% of the car’s trade value.
Our relationship with this lender means we are able to advise clients not only on the possibility of leveraging their sports car, but on a range of luxury assets, including jewellery, fine art, antiques watches, handbags, and fine wine. We understand high net worth individuals often have their money invested in a range of assets and don’t always ‘fit’ the affordability criteria set by lenders. As such, our wide network of lenders enables us to cater for clients regardless of how their finances (car finances etc) are structured, taking a holistic view of their portfolio in order to secure them the most preferential terms.
Written by Islay Robinson CHIEF EXECUTIVE OFFICER Enness Private
You May Also Enjoy
95% of estate agents say homebuying reforms could speed up property transactions
Private rent and house prices, UK: July 2026
Tenant demand continues to strengthen in Q2
Breaking Property News 22/7/26
Conveyancing keeps providing stability in uncertain market
