High-end vehicle financier JBR Capital has reported its busiest winter on record with a strong start to 2020.

In its latest monthly figures, the lender revealed the average value of a car financed by JBR Capital was £75,929.

The most recent data shows the average age of vehicles finances is four years old, which reflects the trend that classic cars are typically financed less over colder months of the year.

Darren Selig, executive chairman at JBR Capital said: “2020 has started for us with a high volume of enquiries and pay-outs, making it our busiest winter yet since the inception of the company just five years ago.

“With the General Election and Brexit out of the way, consumers seem to have moved on and are gaining confidence regarding financing their vehicles, starting to realise the benefits. We also have very strong credit, sales support and customer relations teams that are able to offer a very professional and personal service to all our clients,” he added.

JBR Capital reported last year that July 2019 was their most successful month for car finance since its founding.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The largest amount lent during the month in a single transaction was for a Ferrari, with the pay-out reaching almost £2.5m.

Porsche, Range Rover and Lamborghini were the most financed marques during the month of July, followed by Ferrari, Audi and Mercedes-Benz. The top three models were the Audi R8, Lamborghini Huracan and the Porsche 911 991 GT3.

Along with financing supercars and prestige vehicles, JBR Capital has found that high quality classic cars with provenance are still in strong demand. The upward trend in equity release is also continuing with more classic car owners using JBR to free up cash from their cars, to put towards other purchases and investments.