LUXURY & CLASSIC CARS
Unlock the Equity in Your Classic, Collectable or Prestige Automobile
Luxury Car Collateral Loans
Be it their style, story or performance, classic cars are undoubtedly works of art. It’s no surprise their sales continue to dominate the luxury market, with a soaring 10-year value appreciation performance in excess of 330%. Borro presents collectors and enthusiasts with extremely attractive means of quickly generating additional capital without being rushed into a sale.
Our services enable you to retain ownership of your automobile, leveraging them as loan collateral, or, alternatively, you can receive capital in advance while our experts carefully manage the sale of your vehicle.
- Minimum Loan: $25,000
- Typical Loan-to-Value (LTV): 40-45%
- Classic, collectable and prestige automobiles with a value of $50,000+
- Automobile brands accepted as collateral include but are not limited to Ferrari, Lamborghini, Aston Martin, Porsche, Bentley, and Rolls Royce
Borro (loan) value
Borro (loan) value
NOTABLE LUXURY CAR BRANDS
Our process provides a fast, accurate, and fair valuation of your classic, collectible or prestige automobile.
We take into account year, make, model and condition based on market pricing. We conduct a thorough review of automotive and international auction houses and consult classic car specialists to assess current value. All vehicles are inspected in person before providing a final loan offer and you must provide proof of ownership, service receipts and ownership history, if applicable.
Tell Us About Your Automobile
Contact us to provide a detailed description of your car and your desired loan amount. Based on that we will give you an initial estimate of the loan the car(s) will qualify for.
Borro’s Valuation Expert Will Arrange an In-Person Inspection
We will schedule a visit to your vehicle’s location to perform an in-person inspection of the vehicle and its associated documentation.
A Borro Expert Will Establish Valuation and Provide a Final Loan Quote
One of Borro’s automobile valuation experts will perform an in-person inspection of your vehicle and its associated documentation. Based on that valuation, we will give you a final loan quote.
PAY YOUR LOAN OFF & GET YOUR ASSET BACK
You can also pick up your assets at our New York or Denver office. You can choose to continue to store your assets with us at no cost, through our Luxury Line of Credit product, giving you same-day access to funding with just a phone call.
Borrower Type: Entrepreneur
Situation Summary: An entrepreneur needed capital to bridge a funding gap preventing the close of a real estate purchase. The timeframe to arrange traditional funding would extend beyond the targeted close date, jeopardizing the deal.
Loan Amount: $4,200,000
Luxury Asset(s) Used for Collateral: Six classic automobiles
Transaction Timeframe: Seven Days
Result: Real estate purchase closed on-time. When traditional funding was subsequently secured, the Borro loan was repaid and the client’s assets were returned.
Borrower Type: Investor
Situation Summary: An investor needed capital to help cover an unexpectedly large tax bill arising from a significant capital gain. Liquidating other invested assets to pay the tax bill was an available, but unattractive option from both market timing and future tax liability perspectives.
Loan Amount: $530,000
Luxury Asset(s) Used for Collateral: Three classic automobiles
Transaction Timeframe: Two Days
Result: Tax bill paid on-time, avoiding penalties and without the need to hastily liquidate other invested assets. When market conditions were more favorable, some assets were liquidated, the Borro loan was repaid and the client’s assets were returned.
Borrower Type: Collector
Situation Summary: A classic car collector needed capital to fund the expansion of his collection when an exquisite vehicle suddenly became available. Time was of the essence as demand would be high within the collector community and the collector did not have sufficient cash on hand to fund the purchase.
Loan Amount: $159,000
Luxury Asset(s) Used for Collateral: One classic automobile
Transaction Timeframe: Ten Days
Result: Collection expanded, leveraging the substantial assets of the collection itself. After other financing became available a few months later, the Borro loan was repaid and the client’s asset was returned.
GET A LOAN ESTIMATE
Please answer the questions below for a preliminary estimate based on your asset category.
By clicking “ESTIMATE MY LOAN AMOUNT” above, I UNDERSTAND and AGREE that the range displayed on the following page is based solely on the value I inputted. Borro is not bound in any way to the range displayed on the following page and the actual loan value will be determined based on in-person valuation by our experts. This is nothing more than a calculation based on the data inputted by me.
New York Office – Midtown Manhattan
110 W 40th Street
New York, NY 10018