Asset-Backed Lending Against Prestige, Classic and Vintage Cars in Manchester

Owners of eligible prestige, classic and vintage cars may be able to use their vehicle as security for an asset-backed loan without having to sell it outright.

Release My Capital provides asset-backed lending against selected high-value vehicles, including prestige, performance, classic and collectible cars. The amount available will depend on the individual vehicle, its condition, provenance, marketability and the requirements of the agreement.

As with any secured borrowing, interest and any applicable charges will apply, and the vehicle may ultimately be sold if the loan is not repaid in accordance with the agreement.

Why Consider an Asset-Backed Loan Against Your Car?

An asset-backed loan may provide access to capital while allowing you to retain ownership of your vehicle, subject to repayment of the facility.

Clients may consider this type of borrowing where they need capital for purposes such as:

• Business expenditure
• A temporary funding requirement
• A time-sensitive purchase
• Bridging a short-term cash-flow gap

Whether this type of facility is appropriate will depend on your individual circumstances and your ability to repay the loan.

How Release My Capital Assesses Your Vehicle

Each vehicle is assessed individually.

Factors considered may include:

• Make and model
• Age and specification
• Condition
• Service and ownership history
• Provenance
• Current market value
• Marketability

Prestige and classic vehicles may be considered regardless of age where the vehicle has sufficient value and meets the relevant eligibility requirements.

How the Process Works

1. Initial Enquiry

Provide details of your vehicle and the amount of funding you are looking to access.

2. Vehicle Assessment

Our team reviews the vehicle and may request photographs, supporting information or a specialist appraisal.

3. Initial Offer

Where appropriate, initial lending terms are provided for consideration.

Any initial offer remains subject to the required valuation, checks and documentation.

4. Documentation and Checks

Required identity, ownership, valuation and agreement checks are completed before final terms are confirmed.

5. Funding

Once the agreement has been completed, the vehicle has been received where required, and all relevant conditions have been satisfied, funds are transferred to your nominated bank account.

Completion times will vary depending on the vehicle and the individual circumstances of the application.

Secure Vehicle Storage

Your vehicle is securely stored throughout the loan agreement, with collection arranged where required.

The applicable storage arrangements and any associated costs will be explained before you enter into the facility.

Understanding the Cost of Borrowing

Before taking out an asset-backed loan, you should understand:

• The interest payable
• Any applicable fees or charges
• The duration of the agreement
• When repayment is due
• Any conditions applying to early settlement
• What happens if you cannot repay the loan

You should review the terms carefully before deciding whether to proceed.

Early Settlement

Early settlement may be available subject to the terms of the individual agreement.

If a notice period, interest in lieu of notice or other conditions apply, these will be explained before you enter into the facility.

What Happens if You Cannot Repay?

If you experience, or expect to experience, difficulty repaying your agreement, you should contact Release My Capital as early as possible.

For regulated agreements, customers in or approaching arrears or default must be treated with forbearance and due consideration, taking their individual circumstances into account. FCA Handbook

Where the agreement ultimately remains unpaid, the vehicle may be sold in accordance with the agreement and applicable law.

Confidential and Direct Service

Release My Capital provides a direct service throughout the lending process and treats client information confidentially.

Information may be shared where necessary to assess, administer or provide the facility, including with relevant valuers, storage providers, professional advisers or other parties where required by law.

Speak to Release My Capital

If you own an eligible prestige, classic or vintage vehicle and would like to understand whether asset-backed funding may be available, our team can provide an initial assessment and explain the relevant process, costs and terms.

0333 577 3000

Important: Your loan is secured against your vehicle. If you do not repay in accordance with the terms of your agreement, your vehicle may ultimately be sold to recover the outstanding balance.