Specialist funding for classic and collector cars held through a business, where the asset may appreciate rather than depreciate.
Whole-of-market — 60+ lenders searched, including
Yes, through specialist classic car lenders rather than mainstream motor finance. The structure is usually hire purchase or a balloon-backed agreement written in the company name, secured on the vehicle. Because a classic can hold or gain value, funders assess it as a collectable rather than as a depreciating car — valuation, provenance, originality and marque desirability all matter more than age or mileage. The thing that catches people out is the valuation: lenders lend against an independent or recognised guide value, not against what you agreed to pay at auction or in a private sale, and if those two numbers differ you make up the gap.
Used kit: Yes — every classic is a used car, so the question is provenance and condition, not age
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Classic lenders think like valuers. The first question is what the car actually is: marque, model, year, matching numbers, originality, restoration quality and documented history. A well-known model with a deep market and good auction records is far easier to fund than something rare enough that nobody can price it. Because many classics are stable or appreciating assets, funders can be more comfortable than they would be on a modern car that loses value from day one, and agreements are often written with that in mind. The company covenant still counts — they want a business that can service the facility without relying on selling the car. Declines come from unverifiable provenance, project cars mid-restoration, replicas presented as originals, and cases where the agreed price sits well above every recognised valuation.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Jaguar E-Type Series 1 | British sports classic with strong values |
| Porsche 911 Carrera 3.2 | Air-cooled classic Porsche |
| Porsche 964 Carrera 2 | Air-cooled 911 sought by collectors |
| Ferrari 308 GTS | Italian classic with wide collector appeal |
| Aston Martin DB6 | British grand touring classic |
| Mercedes-Benz 280 SL Pagoda | Elegant classic roadster |
| BMW E30 M3 | Modern classic with motorsport pedigree |
| Land Rover Series III | Utility classic popular with restorers |
| Jaguar XJ6 Series 2 | Luxury classic saloon for touring |
| Lotus Esprit S3 | British classic sports car with rising values |
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Business owners buying a collector car through the company, often alongside an existing prestige or company car. Triggers include an auction lot coming up, a private sale where funds are needed quickly, or releasing cash from a car already owned. Also collectors consolidating — moving several cars onto one facility — and businesses buying a period vehicle for genuine promotional or event use.
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We publish the deals we arrange, with no client named and no rate quoted. See what we have funded in business car finance.
Cars are treated differently from commercial vehicles. A van generally qualifies for the annual investment allowance; a car generally does not, and instead attracts writing-down allowances tied to its CO2 emissions, with fully electric cars in the most favourable position. A car made available for private use also creates a benefit in kind for the driver. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Yes, from specialist lenders who fund collector vehicles rather than from mainstream motor finance. They lend against an assessed value supported by recognised guides or an independent valuation, and they care about provenance, originality and documented history far more than about age. A car with a thin or disputed history is the hardest to place.
Some will, and a few are set up specifically for it, but timing is the issue — auction houses want settlement quickly. The workable approach is to get the facility agreed in principle before the sale, with the lender aware of the lot and a value they are comfortable with. Turning up with an invoice and no prior approval rarely works.
A car is a car for capital allowance purposes, so it gets writing-down allowances rather than the annual investment allowance a van would get, and an older petrol classic sits in the least favourable emissions band. If it is available for private use it also creates a benefit in kind. This is very much an accountant conversation, not a broker one.
Yes, if it is owned outright and you can evidence title. This is a sale and hire purchase back arrangement: the funder buys the car and you hire it, releasing cash into the business. Lenders will want the V5, proof of purchase and a valuation, and they will check there is no outstanding finance on it.
Most classic lenders insist on it, and it is sensible regardless. Agreed-value cover means the insurer has accepted a figure in advance rather than arguing market value after a loss, which protects both you and the funder’s security. Your broker will usually want sight of the schedule before drawdown.
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See everything we fund in business car finance →
Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.