A UK FIRST !! HISTORICS OFFERS FINANC

A UK FIRST !! HISTORICS OFFERS FINANCE

Historics at Brooklands breaks new ground in the UK classic car auction market today by announcing a structured finance offering for its clients. In this totally unique development, Historics scales new heights when it partners with Classic & Sports Finance to become authorised and regulated by the Financial Conduct Authority - making it the very first specialist classic car auction house to hold its own FCA limited permission to offer consumer credit. Prospective buyers at all future Historics' auctions - starting at the next sale on Saturday, 4th March - will be able to arrange finance facilities for their purchase in advance of the sale, subject to acceptance, and bid in the knowledge that they have a finance agreement pre-arranged. With convenience at the heart of the offer, a new web-based interactive finance calculator - embedded with every auction consignment listing in Historics on-line catalogue at www.historics.co.uk - enables those interested to configure their ideal package with direct discussion with Classic & Sports Finance as required. Please see example below. It is anticipated that most users will opt for a hire purchase agreement but other finance options are available.

1954 Jaguar XK120 SE Roadster Estimate: £75,000-£88,000

Senior personnel from Classic & Sports Finance will be in attendance at Historics’ auction previews and sale days to assist potential buyers with further expert advice. The partnership extends to sharing respective market information, which will be fully available to clients via direct contact and at sales. Historics’ Auction Director, Edward Bridger-Stille, commented: “After an extremely buoyant year in 2016, we are delighted to start 2017 by further broadening our service to our clients through this financial offering in partnership with the much-respected Classic & Sports Finance.” “Breaking new ground by becoming the first specialist auction house in our sector to hold its own FCA limited permission is a good indication of our forward-thinking philosophy, in the interests of our clients.”  Rob Johnson, Managing Director of Classic & Sports Finance, added: “The demand for finance has grown in tandem with the buoyancy of the classic car market, and we are thrilled to be working closely with a classic car auction specialist as well-respected as Historics at Brooklands.”  “Classic & Sports Finance’s commitment to market research and building relationships in the classic car sector is unparalleled in our industry and our new partnership with Historics affirms this.” For more information, please visit our FAQ's here.