Case Study · United Kingdom

Car collector seeks funding to purchase rare Bugatti Chiron Super Sport

19 August 2022

Car collector seeks funding to purchase rare Bugatti Chiron Super Sport

World’s Only Bugatti Chiron Super Sport: Car Collector Secures Funding for Rare Purchase

The HNWI living in Scotland was a seasoned car collector with a passion for rare and exclusive vehicles. They had a vast collection of exotic cars, including Bugattis, Ferraris, Rolls Royces, and many others. However, they were always on the lookout for the next unique addition to their collection.

The HNWI received the opportunity to purchase a one-of-a-kind Bugatti Chiron Super Sport that was custom-made to their specifications. The car was designed to their exact specifications for the interior and was a once-in-a-lifetime opportunity for the collector. The car was not due to be released until 2024, and no other lender was willing to fund such a unique and rare purchase.

However, Rikvin Capital, a leading lender in the market, saw the value in the HNWI’s passion for collecting the best of the best and was willing to fund the purchase. With their support, the HNWI was able to secure the necessary funding and successfully acquire the custom-made Bugatti Chiron Super Sport.

The HNWI was overjoyed at the successful acquisition and couldn’t wait to add the custom-made Bugatti Chiron Super Sport to their collection. The new addition to the collection was a testament to the HNWI’s passion for collecting the best of the best and their love of automotive history.

The custom-made Bugatti Chiron Super Sport was a unique and valuable piece of automotive history, and the HNWI was proud to be its owner. The HNWI’s vast collection of exotic cars was further solidified with the addition of the custom-made Bugatti Chiron Super Sport. The HNWI looked forward to showcasing their collection to the world and continued to seek out the rarest and most exclusive vehicles to add to their collection.

Related: Read about when Rikvin Capital supported a trust refinance industrial property for working capital

  • Location: United Kingdom
  • Market Value: € 3,800,000.00
  • Loan Amount: € 2,800,000.00
  • Loan-to-Value: 73.68%
  • Duration of Loan: 18 Months
  • Payment Schedule: Monthly
  • Asset Type: Collector’s Car
  • Completion Time: 1 week

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FAQ

Can you fund a one-of-a-kind custom-built supercar?

Yes. The case here lent €2.8 million against a custom-built one-of-one Bugatti Chiron Super Sport (market value €3.8 million) in 1 week, when no other lender would back the unique build. Rare and bespoke vehicles are a niche we are active in for HNWI collectors.

How much can I borrow against a high-value collector vehicle?

Up to around 70 to 75% of value for proven appreciating collectibles like limited-edition Bugattis, as in the 73.68% loan-to-value here. Standard production luxury cars typically attract 50 to 60%; one-of-one custom builds depend on documentation and market evidence.

How fast can supercar financing be arranged?

1 to 2 weeks for a clean transaction with documented vehicle valuation, as in this case. The timeline depends mainly on independent valuation and KYC. Repeat clients with known collections can move faster.