Classic Car Weekly | 17th May 2017
SURGE IN LOAN FIRMS CHASING YOUR CLASSICS
Lending companies are offering loans to classic car owners because classics
are easier to validate as genuine than many other assets. Pawnbroker HNW Lending says that the number of enquiries from classic owners rose by more than a third between October and March 2016 compared with the previous six
months, and twenty seven per cent, compared with the same period in 2015.
Ben Shaw, founder and director of HNW Lending, says: ‘We are very happy to lend against classic cars because they are easier to validate as genuine when compared to other valuable assets, and have been rising in value. This means any potential risk we face in terms of repayment default is lower than in other areas.
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Articles in this issue
Below is a selection of articles in Classic Car Weekly 17th May 2017.