Luxury Car Finance Case Study: Aston Martin DBS V12 Refinancing

Understanding the client’s needs

The client approached Cornerstone Commercial Finance seeking to refinance £100,000 on their luxury Aston Martin DBS V12. The vehicle, with a market value of £150,000, required a financing solution that would allow the client to manage their monthly payments efficiently without straining their finances. The key challenge was to reduce the monthly repayments while maintaining flexibility for the client, who was identified as a high-net-worth individual under the FCA’s definition.

High-Net-Worth individual classification

During the initial fact-finding process, we identified that the client met the FCA’s criteria as a High Net Worth Individual (HNWI). This status provided us with the opportunity to explore more competitive financing options that aren’t typically available to the average borrower. However, to finalise this classification, we required an accountant’s certificate to confirm the client’s high-net-worth status.

This verification was critical, as it opened the door for more favourable terms and rates. Once the certification was provided, we were able to structure a financing solution that would meet the client’s requirements.

Securing market-beating rates and flexible terms

At Cornerstone Commercial Finance, we understand the importance of finding finance options that are as flexible as possible for our clients. In this case, the client’s primary request was to minimise their monthly repayments. We were able to negotiate a bespoke deal that included:

• Full balloon payment: This allowed the client to defer a large portion of the repayment to the end of the finance term, significantly reducing monthly obligations.
• Interest-only monthly payments: By structuring the deal with interest-only payments, we enabled the client to keep their monthly payments low throughout the finance period.

These terms were essential in helping the client manage their cash flow without sacrificing access to the luxury vehicle they wished to refinance.

Competitive financing at 1% below market rates

The client’s high-net-worth status enabled us to secure financing 1% cheaper than the standard market rate. Through our extensive network of lenders and financial institutions, we were able to find a market-beating rate that was superior to the typical rates offered by dealerships or other finance providers.

This reduced rate translated into significant savings over the course of the finance agreement, ensuring the client received better value than they would have through a conventional loan or dealer finance.

Fast and efficient turnaround

One of the key aspects of this case was the speed with which we were able to arrange the finance. Once we received the necessary accountant’s certificate confirming the client’s high-net-worth status, as well as the required client documents, the entire refinancing solution was in place within 48 hours.

Our team worked swiftly and efficiently to ensure that the client could proceed with their refinancing without any delays. This fast turnaround is a testament to our commitment to providing a seamless and hassle-free service to our clients.

Tailored asset finance for high-net-worth clients

At Cornerstone Commercial Finance, we understand that every client’s financial situation is unique, especially when it comes to high-net-worth individuals and luxury assets like the Aston Martin DBS V12. By offering tailored financing solutions, competitive rates, and flexible repayment terms, we were able to help this client refinance their vehicle with terms that suited their lifestyle and financial objectives.

If you are considering financing or refinancing a luxury asset, we have the expertise and connections to help you secure the best possible deal. Whether it’s for a luxury car, luxury motorhome, yacht, or other valuable asset, our team at Cornerstone Commercial Finance is here to support your needs.

Contact us today to find out how we can help with your asset finance requirements.