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|Henry Howard Finance support supercar deal|
|Friday, 01 April 2016|
A £14 million supercar deal which involved shipping cars including five LaFerraris from all over the world to the UK was brokered and managed by Henry Howard Finance.
The independent lender supported the deal which saw a private collector order 11 new supercars, some worth about £2 million.
The businessman wanted to buy the cars, which included LaFerraris, Porsches, Lamborghinis and Bugattis, as future investments.
He needed a financial package which would make the purchases as easy and efficient as possible.
Henry Howard Finance brokered a deal which would see one payment made every quarter.
Using an extensive network of contacts in the supercar industry, the financier also oversaw the sourcing and shipping of the cars from as far apart as Dubai, Japan, Switzerland and Leeds.
Mark Crook, co-founder and chief operating officer of Henry Howard Finance, said: “These cars are incredible collector’s items for those who can afford them but they are also fantastic future investments as being so limited in number, if they are well looked after they will only gain in value.
“For this deal, Henry Howard Finance had to get a complete understanding of the buyer’s business and wealth to put his proposal forward.
“He had a very specific way he wanted the deal structured which made it quite challenging to sell to the funders – it has to work for the funders too. We were able to agree a package which fitted everyone’s demands.
“Then we needed to know where to go to find the cars, that sort of information is not publicly available, but we have a great network of contacts in the supercar industry who were able to help us source what our client wanted.”
This is just the latest in a number of supercar deals Henry Howard Finance has been responsible for assisting. In the past three years the company has developed a specialism in broking deals in high end luxury goods such as supercars and yachts.
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