The number of finance packages arranged for buyers for luxury premium vehicles by Alphera has grown by 230% over the past 12 months, the lender has revealed.
Alphera acts as the finance provider for Aston Martin and Rolls-Royce, and in a statement the company said finance for these grew significantly.
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Nick May, head of premium captives at Alphera said the growing economic confidence in the UK had resulted in an increase in the sales of luxury marques, and that many owners were now looking to finance instead of just an outright purchase.
He said: "We have witnessed a sharp rise in the number of finance packages being arranged by our premium captive division and it shows no signs of abating."
"It’s clear that this growing trend is enabling individuals and businesses to target their finances elsewhere, which can only be good news for the wider economy."
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