Car Dealer Pawns Range Rover Sport to Fund Business Expansion
22nd July 2022 | Pawn my Range Rover and Collateral Loan against my Range Rover
ReleaseMyCapital.co.uk is delighted to support a Leicester-based car dealer and MOT Centre with an exciting new business expansion by completing a car pawn Loan for £32,000 on his stunning Range Rover Sport HSE, worth over £50,000.
The client made a direct approach to ReleaseMyCapital.co.uk to pawn his Range Rover Sport to fund the purchase of brand equipment needed within the business. The client said: “The second-hand car sales market is incredibly busy post COVID-19 and our business is expanding in both the sales and service departments." To meet the demand, we needed to buy more specialist service equipment, but all our working capital is tied up in car stock. " He added: “I have never really needed to borrow money previously but had always considered pawning my car for some short-term cash. It turned out to be a quick and easy way to release the funds, especially as I didn’t need to provide bank statements or complete a credit report.”
ReleaseMyCapital.co.uk completed a virtual appraisal and real-time valuation of the Range Rover Sport within 30 minutes and the pawn loan contract was issued within an hour. The client immediately drove his Range Rover Sport to our local ReleaseMyCapital.co.uk fully insured and secure storage facility, located less than 40 minutes away from his home. Once the vehicle had its final physical inspection, the funds were released to the client’s bank account in seconds.
ReleaseMyCapital.co.uk operates throughout the United Kingdom and are specialists in secured short-term pawn loans on Cars, property, watches, jewellery, fine wine, and art, with loans ranging from £5K - £2M.
Discretion is paramount to ReleaseMyCapital.co.uk, and no credit reports are undertaken, and no search marks are left on the credit file. Our client’s anonymity is assured.
Paul Hilburn, director at ReleaseMyCapital.co.uk, said: “At ReleaseMy Capital, we work with a number of motor traders; it’s a perfect solution for their cash flow." They can pawn their stock while it is up for sale and free up working capital. " He added: “ Car Pawning is extremely flexible and simple for motor dealers to access." We have no set up or exit fees and the client is able to settle the loan early at any time penalty free – especially if they want to sell the vehicle. But most importantly is the ability for the client to roll all the interest payments until the end of the contract – this is great for cash flow!” He finished: “ReleaseMyCapital.co.uk is perfect for these kinds of transactions and indeed, owners of any luxury asset looking to release the funds.”
ReleaseMyCapital.co.uk are specialists in secured short-term loans on luxury assets, including Cars, Property, Watches, Jewellery, Fine Wine, Art and NFT’s. Our short-term loans assist our clients in swiftly releasing up to £2 million of equity in their prized belongings.
No mark will be made on our client's credit report, and there is no need to travel as everything can easily be agreed from home. ReleaseMyCapital.co.uk guarantees our clients' privacy.
Family-run and privately owned, ReleaseMyCapital.co.uk serves a broad range of clients throughout the United Kingdom.