Porsches are at Top of U.K. Car Buyers’ Christmas Wishlists
Range Rover, Mercedes-Benz, Audi and Ferrari complete the ‘festive five’ most financed high-end vehicles during the holiday period.
Porsches are among the most desirable marques for U.K. car buyers during the festive period, according to JBR Capital. Of course, that’s no surprise to us!
The high-end vehicle finance provider reportedly lends most frequently on Porsche and Range Rover models in the run up to Christmas, with Mercedes-Benz, Audi and Ferrari rounding off the top-five most popular marques.
During the month of December there is also a 40% increase in equity release inquiries as car owners look to free up capital in their prestige vehicles to cover end-of-year costs, Christmas spending and holidays abroad.
The festive season also sees deals of higher value–on average–than at any other time of the year as some prestige vehicles and supercars are bought as gifts, says the independent London-based financier.
“We have seen the same pattern year-on-year, with [these five vehicles] seemingly the favorite prestige purchases ahead of Christmas,” said Darren Selig, Executive Chairman at JBR Capital. “Many clients like to splash out on gifts for loved ones in December, which to some may seem flashy but it is made possible through bespoke financing, and we pride ourselves on our competitive, tailored approach.
“On the other hand, equity release peaks in December, as this can be a very expensive time of year for everyone. Whether it’s buying presents, planning travel abroad or investments in property, releasing cash tied up in classics or supercars–vehicles that may be appreciating in value–can be a very smart move.”