Cookie Consent by Free Privacy Policy website JBR capital enjoys record business period, lending £100m since 1 march en
september 28, 2021 - JBR Capital

JBR capital enjoys record business period, lending £100m since 1 march en

  • JBR Capital experiences #record level of finance applications and pay-outs since 1 March 2021
  • Easing of lockdown drives unprecedented surge for finance for high-end vehicles
  • JBR Capital funds £100m, average advance per loan of £81,000
  • Unique, personalised approach to finance and ability to conclude agreements quickly
  • Porsche the most sought-after marque, followed by Land Rover/Range Rover and Mercedes-Benz
  • Porsche 911 Carrera, Lamborghini Huracán and Audi R8 prove the most popular models 

Leading #automotive finance provider #jbrcapital has enjoyed its most successful business period to date. Driven by the post-pandemic pent-up demand for high-end vehicles, the London-based company has lent £100m since 1 March, enabling customers to fund their passion for supercars and luxury vehicles.

The UK's only independent finance lender dedicated solely to high-end vehicle finance, #jbrcapital was launched in 2015 and has lent £700m in tailored loans to date, rapidly establishing an enviable reputation within the #automotive finance sector, forming close relationships with dealers, brokers, and customers.

Data from the last six months reveals Porsche to be the most in-demand marque, followed by Land Rover/Range Rover, with Mercedes-Benz in third place. In terms of the most popular individual models #jbrcapital has financed, the Porsche 911 Carrera takes the top spot, with the Range Rover Sport, followed by the Lamborghini Huracán, completing the top three. The fourth most popular model is the Audi R8, while the Mercedes-Benz G Class AMG completes the top five.

Through a highly personalised approach #jbrcapital has been able to serve and rapidly grow its loyal introducer and customer base. The company's holistic underwriting approach assists clients with a range of financial circumstances achieve an agreement with highly competitive monthly payments using a risk-based pricing model. Through its partnership with Supercar Driver, #jbrcapital immerses itself in the high-performance #automotive community, attending key events throughout the year as one way of staying in touch with its customers.

While #jbrcapital provides funding from £25,000 the average advance over the past six months has been £81,000 funded on a Hire Purchase agreement with an average repayment term of 42 months. The most popular location for the provision of finance has proven to be the South East of England, followed by London and then the East of England.

Darren Selig, Founder & Chief Commercial Officer at #jbrcapital, said: "At #jbrcapital, we have always prided ourselves in our ability to create bespoke financial solutions for our customers and approve them quickly. As the country began to emerge from lockdown in March, and the demand for high performance sports cars, supercars and prestige vehicles exploded to unprecedented levels, the ability to react quickly has proven even more crucial. For many in the #automotive community, 2020 was a lost year. It is an understatement to say that customers were itching to get behind the wheel of the car of their dreams in time for summer 2021. We are delighted that by living up to our 'Fund your passion' mantra, we were able to help so many enthusiasts get out on the open road in the car they've always promised themselves."

Nayan V Kisnadwala, Chief Executive Officer, said: "The ending of lockdown in March opened the floodgates.  JBR Capital's unmatched knowledge of the high-end #automotive sector, combined with the fact that we had already initiated a recruitment drive to further bolster our highly motivated, customer focused and passionate workforce, meant that we were ideally placed to meet the demand. We have increased our workforce by 50% since the start of the year to ensure we continue providing the very best personalised service to our customers as we foresee demand for today's high-performance cars remaining exceptionally strong. At the same time, further growth will be fuelled by forthcoming models yet to be released. In the months ahead, #jbrcapital will continue to help customers fund their #automotive passion."

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