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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that Anglo Scottish Asset Finance acts as a broker, not a lender, and if you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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Racing Car Finance

If you love for speed, nothing beats a classic racing car.

Whether you’re a seasoned race car enthusiast with a collection of cars, or looking to purchase your first race car, we can help. We have decades of experience dealing with racing car enthusiasts, and understand that when it comes to car finance, they want to be in pole position. And with the help of our expert team, we can get you there.

Our relationships with specialist funders and expert internal knowledge mean that our team can build a bespoke finance package that meets your requirements.

 

Why Choose Anglo Scottish Prestige?

  • Manual underwriting - Rather than using a computer to analyse your application, our team manually checks every deal. This allows us to find the best deal for your requirements.
  • Bespoke agreements - We understand that finding the right finance deal can make your dream car reality, which is why we tailor our finance to meet your exact needs.
  • Regulated and non-regulated agreements – We’re FCA registered, so you can be sure that your best interests are at the heart of everything we do.
  • Low APR – Thanks to our panel of funders, we have access to the most competitive rates on the market.
  • 5* service – We put the needs of our customer first, and we’re rated excellent on Trustpilot.
  • New and used vehicles – We work with the best dealerships in the UK to finance both new and used vehicles.
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Need help? Call us on 0191 410 4776

What prestige racing car?

A prestige racing car is a rare mix of beautiful, aesthetically pleasing design, mixed with the heart-stopping, thrilling exhilaration of a performance vehicle. Think the Ferrari 250 GTO race car, one of the most expensive race cars ever to be sold (£26,593,890 back in 2014), or the Aston Martin DB4GT Zagato. Both impressively beautiful to look at, and both that offers the driving an exhilarating experience that few other cars can match.

Racing Car Finance options

HIRE PURCHASE 

A flexible Prestige Car Finance solution. Monthly payments with the option to buy at the end of the contract. Our most popular form of finance for specialist and unusual vehicles. 

CONTRACT HIRE 

A popular form of company vehicle funding and growing as a form of personal leasing, it is effectively a form of long-term rental with fixed monthly payments based on a predetermined mileage.

PERSONAL CONTRACT PURCHASE (PCP) 

One of the most popular forms of car finance, PCP agreements consist of an initial deposit followed by fixed monthly payments, and a balloon payment. At the end of the contract, you can either return the vehicle or pay off a balloon payment to keep it.

LEASE PURCHASE 

Or Conditional Sale, is a great option if you want to own the vehicle at the end of the agreement. Buyers usually pay a cash deposit, or part exchange their old vehicle, then pay fixed monthly instalments over an agreed period. There are no mileage restrictions, servicing requirements, or additional charges, and the car ownership is transferred at the end of the agreement.

VARIABLE RATE 

Variable rate finance options are available for agreements on high-value vehicles. Unlike other finance options, where the interest is fixed, variable rate agreements track changes in the funders house base rate.

VEHICLE REFINANCE

There are two types of vehicle refinance;

Refinance of the whole deal or Refinance of a balloon payment

REFINANCE THE WHOLE DEAL 

It is possible to take out a new finance agreement on your classic car almost straight away after you’ve bought it. For example, you may have signed up to an agreement, bought your classic car then realised you could have gotten a lower interest rate through a different lender, or your current deal no longer suits your requirements. 

Once you have signed an agreement with your new lender, your existing deal would be settled with a one-off payment, and you would begin paying the new rate to your new lender on the agreed terms.

BALLOON REFINANCE 

If you have previously bought your car on a PCP (Personal Contract Payment), and do not have the available funds to pay the balloon payment, your options with your existing lender will be to either return the car, or negotiate a deal on a new car, but there is another option. 

A balloon finance deal would cover the cost of the final payment to your existing lender and break the cost down to much more manageable monthly payments.

CASE STUDIES

Maximising Asset Finance for Transport Businesses

Discover how asset finance can turbocharge growth and efficiency in your transport business, ensuring a smoother ride towards financial stability.

Driving Change: The Evolution of Electric Car Charging Infrastructure

Explore how the landscape of electric vehicle charging stations is rapidly transforming, paving the way for a greener future on the roads.

You Can Finance That? The Weirdest Assets Funded Over The Years.

It might surprise you, but asset finance isn’t all diggers and tractors, although we do finance a lot of them. We can actually finance almost anything (within reason), and in the past 17 years, we’ve certainly seen our fair share of odd assets.