When buying a modern car many of our dreams can be made achievable through financing and support to own the car, making a love affair with that GT3 RS 4.0 that you always wanted a possibility but with added flexibility. As our lives become more dynamic we are seeing that current trends in car ownerships ebb and flow, and as such fewer and fewer drivers are committing financially to owning just the one car instead opting for a more fluid approach where they can finance a car for precisely the amount of time that they want it.

While the ‘man-maths’ world of financing to make your dreams work is all well and good when looking at the newest cars there has always been that gap in financing your dream car at auction. A place where dream cars are already more affordable than most has just become more accessible allowing more enthusiasts to take a punt on that classic they always promised themselves. UK auction house Historics at Brooklands have just announced that they are the first UK auction house to offer consumer credit on cars bought at their auctions.

With convenience at the heart of the offer, the new web-based interactive finance calculator – embedded with every auction consignment listing in Historics on-line catalogue at www.historics.co.uk – enables those interested to configure their ideal package with direct discussion with Classic & Sports Finance as required. They anticipate that most buyers will opt for a hire purchase agreement but also offer other purchase options, see below for an example of how the finance calculator works.

Senior personnel from Classic & Sports Finance will be in attendance at Historics’ auction previews and sale days to assist potential buyers with further expert advice. The partnership extends to sharing respective market information, which will be fully available to clients via direct contact and at sales.

Brooklands intend this new finance service to broaden their range of services to clients and, given the buoyancy of the classic car market in the last 12 months, offers some much welcomed support  to the classic car buyer in 2017.

So, what does finance mean for the classic car market?

Through enabling access to the cars we would expect to see some more fierce competition at UK auctions. Given the market leaning towards ‘accessible’ classics under £150,000 this year we envisage more first time buyers feeling confident enough to take the plunge and enter the classic car market. Don’t be surprised if this sees some classics shoot up in value or desirability as more buyers feel supported enough to chase them.

It is a big move for a UK auction house to offer financing on cars but one that will be welcomed by many buyers. The classic car market has had some fresh air breathed into it and that can only be a positive thing. Will we see classics changing hands more often as a result of a reduction in commitment? Only time will tell, but we are excited to see which auction houses make as progressive a step as Historics at Brooklands.

To read in full about the options offered by Brooklands click HERE.

What do you think our auction picks of the year are? Swing by our blog page below to find out what cars we’ve got our eye on.

Cars to watch in 2017…