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Alphera sees 230% rise in luxury market finance deals PDF Print E-mail
Tuesday, 12 May 2015

The number of finance packages arranged for buyers of luxury premium vehicles has soared by 230% in just 12 months, Alphera Financial Services has revealed.

The leading independent finance and insurance (F&I) solutions company says its premium captive division, a specialist arm for customers buying prestige vehicles, has reported a significant increase in finance penetration for this sector over the past year as the number of luxury car sales rises.

Nick May, head of premium captives at Alphera Financial Services, said the growing economic confidence in the UK had propelled the increase in sales of luxury marques but that many owners were now looking to finance their purchase rather than buy outright.

By obtaining specialist finance for premium vehicles, owners are then freeing up their capital for investment purposes and to grow their businesses, he said. Buying on finance also protects owners against depreciation of their car.

“We have witnessed a sharp rise in the number of finance packages being arranged by our premium captive division and it shows no signs of abating,” explained May.

“It is clear that this growing trend is enabling individuals and businesses to target their finances elsewhere, which can only be good news for the wider economy.”

Alphera’s premium captive division offers a bespoke concierge service for each client, with a single member of the team being assigned to look after all aspects of a customer’s needs – from sourcing a vehicle to contract settlements.

The company is the captive funder for Aston Martin and Rolls-Royce and works with manufacturers to offer a first-class, premium service.

(Source - Alphera Press Release)

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