In the complex classic car market, Magnitude offers the best classic car finance advice and terms to existing and new classic car owners. Our panel of lenders specialise in classic car finance- we will help select the best deals for you. Whether it is a historic race car, a pre-war Rolls Royce, an E-type Jaguar or a modern classic such as a Ferarri Testarossa or 911 2.7 RS we can help, regardless of value or age.
We provide the flexibility for clients to purchase classic cars without the burden of shopping around for quotes. In many cases, we can provide a client with a pre-approved credit line so they have the ability to go and secure a vehicle, no matter how rare, in the knowledge the funding will be available.
Our unique online finance calculator provides instant, accurate PCP, hire purchase and balanced payments estimates for modern cars. Classic car finance requires specialist knowledge, so please give us a call or send us a message.
You’ll speak directly to someone who has arranged finance for many classics – not a call centre.
Under a Hire Purchase agreement, you usually pay a deposit at the start of the agreement. You then pay the rest of the value of the car in instalments, over a period of between 3 and 5 years.
A Balanced Payment Plan offers the benefits of a fixed monthly payment, however tracks the changes in the finance house base rate, LIBOR or bank base, depending on the agreement.
PCP is a popular way of financing a vehicle and is usually based upon a Hire Purchase agreement. The main difference is that the vehicle’s value at the end of the agreement is calculated at the start.
We have access to a number of specialist lenders that will look at high value vehicles over £1 million, classic and exotic cars, refinancing existing deals, equity release or even assets other than vehicles.
Representative example - Ferrari Testarossa
£129,995
| Deposit | £25,000 |
| Amount of credit | £104,995 |
| Total amount payable | £148,115.52 |
| Final instalment/ balloon | £70,000 |
| Duration of agreement | 37 months |
| Regular monthly instalment | £1472.32 |
| Representative APR | 6.9% |
| Rate of interest | 6.64% |
| Type of interest | Fixed |
*This classic car Hire purchase with balloon finance example is for illustration purposes only. Please contact our finance team for a tailored quotation.
Call us and get a tailored quote on your chosen car (or apply online).
When you are happy, we’ll create and submit your application to your chosen lender.
Once approved, pay a deposit to the dealer and sign & return the finance documents to us.
We pay the dealer - you pick up your new car!
With over 30 years in business building strong relationships with consumers, dealers and manufacturers, no other prestige car finance specialist can match our experience.
As part of DSG Financial Services we have been able to negotiate the very best terms from our lenders on behalf of our customers, so you can expect lower rates than most of our competitors are able to offer – just try us and see.
Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.
Absolutely shocking customer service from this company. I dealt with somebody called Lou Julian. After leaving 4 messages for her to call me back over a period of 3 days I cancelled my application and went elsewhere
Great service - all so very quick and efficient. Alex Baldwin who I dealt with was prompt and also liaised with the dealership on my behalf which was a big help.
If you are looking to finance your vehicle, Magnitude is by far the best place to go. The staff are friendly and I had a fantastic experience dealing with Alex and Jack. They sorted my finance out within days. Have a return customer in me for sure.
Dealt with Jack who managed to sort out my finance on the same day. Wouldn’t hesitate to recommend.
Very friendly and knowledgeable staff who are clearly car enthusiasts too. Helpful and understanding to a demanding customer.
Alex made the deal simple, easy and hassle free. Informing me on what was going on and a pleasure to work with. I will be using him again and can highly recommend!
