Some chase dreams, others drive them, UTB funds them!
For some people cars are much more than just a means to get from A to B. They’re a passion, an aspiration, maybe even an obsession.
At UTB we’ve spent the last few years hiring experts and refining our skills so that you can help your clients acquire, drive or collect the cars that inspire them. People like specialist high value car BDM Alex Cooper and underwriters Giles Hussey and Olly Hobday.
Successful deals and September registrations
Here are just a few examples of recent deals we’ve successfully completed and if you’re looking to fund a high value car for a September 1st registration, we are able to process payouts from the 18th of August and, provided the invoice isn’t future dated, or is dated September 1st, we can pay out from Thursday 28th of August.
£850,000 collection refinance
Broker partner, Dorsia Finance, came to us with a HNW customer who wished to refinance their car collection of racing cars, replicas and modern classics to raise £850,000 to invest in more racing cars. We sourced a specialist valuation and Alex Cooper accompanied the valuer to the customer’s house on a Saturday morning to enable us to pay out on the following Monday, when the customer wanted to complete their purchase.
Ferrari SF90 Special purchase
Zenith Finance approached us on behalf of one of their best clients and longstanding UTB customer who wished to buy a Ferrari SF90 Speciale from a main dealer. The customer wanted a bespoke finance solution including the ability to make annual overpayments and a balloon payment. Thanks to our expertise and appetite in funding high value cars we were able to structure a solution which met the customer’s specific needs enabling them to buy the £420,000 hybrid supercar on their terms.
Porsche Carrera GT balloon refinance
Andrew Cook of Anglo Scottish Asset Finance approached us with a client who was looking to re-finance the balloon payment due on his Porsche Carrera GT. We swiftly approved the deal and, because Andrew was in the process of moving house, Alex Cooper went out and did the asset inspection himself so as not to hold up the payout. As we only do business introduced by brokers and don’t deal with clients direct, brokers can be safe in the knowledge that even if we meet their client, they don’t have to worry about us trying to deal direct.
Astrid Michael – Sales & Marketing Director – Asset Finance
This information is strictly for the use of professional intermediaries only.