CAMBRIDGE & COUNTIES BANK REACH £2 MILLION LENDING IN CLASSIC CAR FINANCE

CAMBRIDGE & COUNTIES BANK REACH £2 MILLION LENDING IN CLASSIC CAR FINANCE

Cambridge & Counties Bank attended the 20th anniversary Goodwood Revival last month with an invited gathering of its first clients to mark the first £2 million pounds worth of financed approved. All funded by the new classic car finance in just a few months since its launch, proving that the designed offering is meeting the needs of enthusiastic buyers and collectors.

Cambridge & Counties Bank launched Classic Car Finance in April and have already financed the purchases of a huge range of highly prized, historic vehicles. The marques range from 1920s Bentleys through to a unique 1980s Aston Martin. There are competition cars represented by a Ginetta GT5, noughties British Touring Car Championship legend, Porsche Carrera Cup Car and Jaguar XJR 10.

Neil Fender, lifelong classic car fanatic and Head of Classic Car Finance at Cambridge & Counties Bank explains, “As a team of enthusiasts ourselves, we can honestly say of all the vehicles we have financed so far, ‘we would have bought them too!’ When rare or significant cars come up for sale, you must act quickly to realise that ambition of owning them because once sold, it can be years before they come on the market again, if ever. We are here to help ensure clients are able to make the most of that golden opportunity to own the car of their dreams.”

The Cambridge & Counties Bank team invited their first clients along to celebrate in style at the 20th anniversary of the Goodwood Revival held over the weekend of 7th – 9th September 2018. The event, which is enjoyed by tens of thousands of historic vehicle aficionados every year, combines vintage and classic motorsport with superstar drivers, vintage fashion and classic car displays.

Neil Fender says, “Goodwood Revival was the perfect place for us to mark this significant milestone. Not only are we surrounded by so many of the cars we love but it was also a chance to share with our clients, the passion we all have for historic vehicles and the culture that surrounds them.”

Classic Car Finance operates from the Cambridge & Counties Bank head office in Leicester. The bank has a unique partnership between two established and respected institutions – Trinity Hall, Cambridge and Cambridgeshire Local Government Pension Fund. The bank can lend from £63,000 up to £1.5 million and will consider equity release on a range of historic vehicles as well.

Tom Senior, Director of Classic Car Finance at Cambridge & Counties Bank adds, “Our unique structure gives us the ability to offer a very personal service and the desire to build lasting relationships is at the heart of everything we do. That approach, combined with the genuine passion we have for classic cars sets us apart. We are very proud to be just as excited about the cars our clients want to buy as they are.”

Cambridge and Counties Bank will next be out and about at the NEC Classic Motor Show, held at Birmingham’s NEC over the weekend of 9-11th November and invite anyone wishing to meet for a coffee and an informal chat at that event, to contact the team on 0116 366 0800 or email classiccars@ccbank.co.uk