Loans Against Cars
Secure A Loan Against My Car?
Last year, we were able to help out a self-employed tradesman who found himself in an all too familiar situation, after he found out that we offer short term loans against cars. He has a small joinery business. He does sub-contract work to a number of much larger firms. These large companies tend to pay on 60 days (or more if they can get away with it). Our client has a couple of employees who he pays weekly. Every job he works on he has to buy work materials up front. He has enjoyed a great few years where the jobs have been getting bigger and better.
Loan Against Car To Solve A Problem
Larger contracts and work has been secured by our client because of the quality of his work. It is all positive news…except for his cash-flow. Jobs often soak up more and more capital. Often these jobs put stress on the business while he waits for payment. Sometimes the payment is long after completion of a job. It was really stretching him financially. He approached Edinburgh Asset Finance with this problem. We discussed his situation and how we can help him with providing loans against cars. (Loans against watches click here)
Secured Loan Against Cars – Porsche
The chap is a real car lover and his pride and joy is his Porsche 911 – a car which was the realisation of a boyhood dream when he was able to buy it 4 years ago. He keeps his Porsche in his garage, always immaculately clean and only ever used sparingly. Edinburgh Asset Finance we able to loan £7,000 against his car (we were actually able to loan more, but he only needed £7,000). It meant that he couldn’t drive his Porsche for the duration of the loan, but in his case, this was only for a 6 week period.
What Are The Advantages of Loans Against Cars?
The customer had his first loan against his car in place on the same day he contacted Edinburgh Asset Finance. Giving an instant solution to the cash flow issue. This had been worrying him for weeks. He had the confidence that Edinburgh Asset Finance would store the vehicle under cover. Held within our own heated warehouse with 24-hour security for the entire time it was away from him. He appreciated that the loan against his car. All loans are handled discreetly and our service is completely confidential with no need for any affordability assessment or long drawn out credit checking process. You do not need to have a Porsche to secure a loan against your car with Edinburgh Asset Finance. Edinburgh Asset Finance will consider and evaluate any vehicle including motor bikes and boats. All vehicles need to have a realisable value of more than £4000.
Funds Available on the Same Day
The same tradesman has now used the service twice in the last 8 months and he has found it to be incredibly helpful in managing his business finances. He has discreetly recommended us to a couple of his friends with similar business challenges. We asked if he would write an anonymous testimonial. Please read about his experience of raising a loan against his car with Edinburgh Asset Finance. See below our customer testimonial on a loan against car.
“I contacted Edinburgh Asset finance to raise money. Edinburgh Asset has helped me with my business’s cash-flow. I used Edinburgh Asset Finance after I had been let down by my bank. I used my car to secure a loan and the rate of interest was even better than I had expected. This was the first time I used Edinburgh Asset Finance to raise cash. Neil made it hassle free and I received the money straight away.
The rate to borrow money was a real surprise. I have heard horror stories about very high-interest rates which were definitely not the case with Edinburgh Asset Finance.
5 star discreet service”