Much like prized artwork, collector cars are now being recognized among financial institutions as valuable assets that can serve as collateral for loans. Classics are often much more liquid than art, however, with a vibrant and steady marketplace comprising auctions and private sales.
When backed by an established, systematic valuation process, a vehicle-secured loan can be a prudent option for select clients with high-end classic vehicle collections. And that’s where Hagerty can help. Hagerty Financial Services offers a turn-key solution for financial institutions interested in providing collector vehicle-backed loans to their clients. We provide proven valuation services to determine whether a vehicle or collection is suitable for a loan.
We provide all the tools and data you need to communicate effectively with your private wealth clients about the advantages of collateralized loans for their vehicles. And, if you are interested in identifying new clients with these types of assets, we can assist you with a detailed marketing and sales strategy, allowing you and your clients to benefit from this opportunity early in its onset.
Hagerty is uniquely qualified to direct and support all of your classic vehicle-related collateral asset management needs. Contact us today at email@example.com to learn more.
We can connect you with financial institutions offering loan options with your vehicles as collateral. (Typically available for collections of $1m or more.) Banks are now treating collector cars similarly to fine art, allowing you to borrow against the appraised value while you maintain possession of the vehicle(s). Contact us at firstname.lastname@example.org for additional information.
If you’re in the market for a collector vehicle purchase, visit our classic car financing page for information on classic vehicle financing options.