Luxury asset lender Suros Capital has been chosen as specialist lending partner to the Aston Martin Owners Club.
It said the partnership was created due to its strong credentials in short term lending to those who own valuable assets including classic cars, fine art, luxury watches, fine wine, diamond jewellery and other collectible pieces.
Thanks to the new partnership, Aston Martin owners now have a liquidity solution with Suros Capital.
Suros said its customers tend to be entrepreneurs who face occasional liquidity challenges or are looking for rapid capital injections to secure new growth opportunities.
Ed Blackmore (pictured), Suros Capital’s business development director, said: “This past year, Suros Capital has seen a significant rise in enquiries for borrowing against classic and supercars. With strong gains likely still to be made, many car collectors would rather borrow against their asset, rather than sell and miss out on the potential of further inflation busting rises.
“Additionally, we can also support car owners with sales and new purchases through our range of lending services.”
Richard Butler FCMI, director of club development at the Aston Martin Owners Club, added: “In addition to the investment potential, Aston Martin owners tend to be very attached to their cars which makes it difficult when faced with justifying ownership if finances are occasionally stretched.
“For this reason, we are delighted to now be able to offer our members the option of unlocking the value of their asset should they have short term needs during this challenging economic climate.”
