Verus Capital provides £167,000 loan against 1958 Aston Martin DB2 Mark III Coupe worth £400,000

Date 22 June 2022

9th May 2022 - Vintage Car Pawn Loan and Vintage Car Colleterial Loan

The loan was secured against his 1958 Aston Martin DB2 Mark III Coupe worth over £400,000.

The client was looking to release pawn his vintage Aston Martin and release the equity from his cherished classic vehicle, to use towards financing the renovation of his residential home.

The client was introduced to Verus Capital by an independent FCA broker to establish if their classic car could be used as collateral against the loan. But also, most importantly, keep the car in his preferred storage facility.

Verus Capital conducted the appropriate due diligence with the clients chosen storage facility and was able to approve their request within 48 hours.

Having assessed and valued the car, Verus Capital provided the the car pawn loan of £167,000 on a 6-month term with no set up or exit fees, no early repayment penalties or roll-up interest repayments.

"Discretion is paramount to Verus Capital" said Paul Hilburn, Director of Verus Capital, "This is to ensure our clients anonymity. He did not want to leave any marks on his credit file that would impact his mortgage re-application. We were delighted that we were able to meet his specific requirements and completed the loan in under 48 hours”.

The funds are expected to be repaid to Verus Capital when the client completes the renovations to his home and mortgage.

The intermediary who introduced their client earnt almost 3% of the loan value.

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Verus Capital are specialists in secured short-term pawn loans on luxury assets, including cars, property, watches, jewellery, fine wine and art.

Our short-term loans assist our clients in swiftly releasing up to £2 million of equity in their high value belongings.

Verus Capital guarantee our clients privacy with our guaranteed assurance to leave no marks on the client's credit reports.

Funding can be easily agreed remotely subject to the inspection and valuation.

Verus Capital is a family-run business and privately owned, serving a broad range of clients throughout the United Kingdom.

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