Classic car finance - We find the lender. You find the classic.

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Classic car finance

Classic Car FINANCE

Making it easier to acquire your next classic car

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.

Get in touch

Finance Types

Hire Purchase

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.

Balanced Payment Plan

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.

Personal Contract Purchase

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.

Specialist Facilities

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
CLASSIC CAR FINANCE EXAMPLE

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%
Type of interest Fixed

*This classic car Hire purchase with balloon finance example is for illustration purposes only and is accurate to the time of posting before rate changes. Please contact our finance team for a tailored quotation.

How it works

Our finance calculator and concierge
service makes financing your car simple.

How it works
1

Call us and get a tailored quote on your chosen car (or apply online).

2

When you are happy, we’ll create and submit your application to your chosen lender.

3

Once approved, pay a deposit to the dealer and sign & return the finance documents to us.

4

We pay the dealer - you pick up your new car!

Already found your dream car?
Use our calculator to get an estimate for your finance

Use the calculator

Magnitude offer finance for all classics from pre-war and vintage cars to the supercars of the eighties and modern classics.

Why choose Magnitude?

  • Competitive rates
  • Wide choice of agreements and lenders
  • Expert advice
  • Fast response times
  • Ethical lenders
  • Part of DSG Financial Services – 30 years of experience

Our experience is unrivalled

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.

Our commitment

Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.

Testimonials

Our concierge team loves helping our customers finance their dream car. Get in touch with them to see how we can do the same for you.