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HOW TO FINANCE A SUPERCAR



In 2021, the Finance and Leasing Association recognised that 89% of cars in the UK were financed, which is a 2% increase in 2020. This is despite strains on the economy from Covid-19 variants and global material shortages which hit the vehicle supply significantly.


Today, there are more options than ever to help you finance the supercar of your dreams. Approved Motor Finance offers a wide range of car finance products to suit your individual requirements. We take pride in our ability to create bespoke funding options to help secure your car. Our products will not only help you purchase the car you want but also unlock capital in your current vehicle using equity release.


Our specialist in-house finance team have strong relationships with the 80+ strong lender panel, allowing us to source finance packages on classic cars, supercars and even motorhomes. We currently offer three separate finance products to help you secure the car you want, which are as follows:


  • Personal Contract Purchase: PCP allows you to keep, exchange or return the vehicle at the end of the agreement. This product is the most flexible form of car finance.


  • Hire Purchase: HP enables you to own the car at the end of the agreement. The product consists of a deposit, followed by monthly payments making up the remaining finance amount.


  • Refinance: Refinance is a form of equity release that unlocks cash from your vehicle. The released funds can be used for whatever purpose you wish.


Each person's situation is different but here at Approved, we are dedicated to finding you the best possible finance option. If you’re interested in Supercars and would like to further discuss your motor finance options then please contact one of our experienced finance brokers on 01908 429888 or email us at info@approved-finance.co.uk.


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