Last Updated
2009-10-12
Raising capital from your classicUnder some circumstances and where the option is good for us and you, we can buy your classic car from you and lease it back as a fully maintained contract. Obviously we'll only do this for the right car and the right client. But it can be a good way to release capital tied up in the classic in your garage. |
How sale and leaseback works
We will ask you to provide initial evidence of the vehicle's condition with up to date and dated photographs. We will then discuss broad parameters for the valuation. If both parties are happy we will then commission an inspection of the vehicle by one of our staff and/or a marque specialist of our choosing. Unfortunately we have to apply a charge of £350 plus VAT and milage expenses for this, but we will reimburse this cost when we go ahead with the lease. A final valuation of the vehicle will be agreed subject to this report. When we are all in agreement, we will take ownership of the the classic, give you a cheque equivilent to 80% of the valuation and the lease will begin. |