According to the latest data from Britain's historic vehicle club, there are nearly 700,000 classic car owners in the UK. Although there are plenty of benefits to owning a classic car, there can also be lots to think about when buying, selling, restoring or driving a classic model. While classic cars are loved for their vintage appeal, the flip side is that they’re often out of date when it … [Read more...]
Classics being used to borrow money
Classic car owners are increasingly putting their vehicles up as security for loans. HNW Lending, an alternative lender that provides individual loans of between £50,000 and £2 million to clients against their valuable assets, has seen a dramatic increase in enquiries. The company is looking to provide loans against more classic cars because they are easier to validate as genuine when … [Read more...]