Owners now have a liquidity solution to be provided by the lender
Luxury asset lender Suros Capital has been chosen as specialist lending partner to the Aston Martin Owners Club.
As a result of the new partnership, Aston Martin owners now have a liquidity solution to be provided by Suros Capital.
The lender said it was selected due to its strong credentials in short term lending to those who own valuable assets including classic cars, fine art, luxury watches, fine wine, diamond jewellery, and other collectible pieces.
“This past year, Suros Capital has seen a significant rise in enquiries for borrowing against classic and supercars,” Edward Blackmore (pictured), business development director at Suros Capital, said.
“With strong gains likely still to be made, many car collectors would rather borrow against their asset, rather than sell and miss out on the potential of further inflation busting rises. Additionally, we can also support car owners with sales and new purchases through our range of lending services.”
Latest annual perfromance report from the lender showed that its loan book comprises of art and antiques (36%), jewellery and watches (29%), fine wine (25%), and classic and supercars (10%).
Richard Butler, director of club development at the Aston Martin Owners Club, said that in addition to the investment potential, Aston Martin owners tend to be very attached to their cars which makes it difficult when faced with justifying ownership if finances are occasionally stretched.
“For this reason, we are delighted to now be able to offer our members the option of unlocking the value of their asset should they have short term needs during this challenging economic climate,” Butler stated.
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