The Unassuming Garage Where 2m Worth Of Supercars Are Parked


It is a line-up of supercars that wouldn’t look out of place in front of a Premier League footballer’s mansion. An impressive lineup of cars outside the facility in Milton Keynes. Image- ©APC
But this range of stylish motors worth more than £2million are not showcased for all to see. They are being kept in a nondescript storage facility in Milton Keynes and are symptomatic of the straitened times we live in. This is because they have been pawned for cash.  

"People aren’t even bothering to go to banks anymore as they don’t believe they will be lent any money," said Paul Aitken, chief executive of Borro.com, who added that the rise in high value cars being pawned was in part down to the financial constraints being felt even among the wealthy. As well as cars the company also holds fine art, jewellery and antiques. 
Image- ©APC.
"These sort of times give way for alternative means of lending. A lot of our customers are small business owners or self employed, 60% of the time they do this to get some liquidity for an opportunity. The other 40% of the time it is people who are more at the distressed side of things, paying for school fees or a tax bill. 

"Often the people who have these types of high performance cars will have another, so use one as security for a loan," he added. "We have seen a big increase in our car lending in the last year. Over the last three years we have lent around £6m against these sort of vehicles and it is only something that it is rising as things become more stretched."

Among the current supply of cars in storage are some of the pricier models on the market, as well as those you wouldn’t find in any old showroom. If the Maserati wasn’t impressive enough, Borro also hold a Porsche Cayenne, a Ferrari F430, an Audi R8 and a Ferrari 360.

The firm is also storing a Bentley Continental GTC and a Rolls-Royce Ghost, the former would set you back just under £137,000 bought new.

Image- ©APC.
But it is not only in order to free up cash that customers pawn their luxury motors. 

"There are a variety of reasons why these cars have gone into storage; some people have two vehicles, a winter car and a summer car," Mr Aitken told Yahoo! Cars. "Others have parking restrictions or excessive parking costs.

"We have one customer who has a 30-year-old car which we have held for three years in storage which is appreciating in value. He wants to keep hold of it because it is now a classic car and it is actually cheaper to service the loan than pay for parking near his house in Mayfair.

"In the past week alone we have had two individuals who are borrowing £100,000 against diamond jewellery. When you see that these figures are coming up and that loans of £5,000 to £20,000 are also rising you see that we are becoming an increasingly mainstream lender."

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://infoandstories.blogspot.com/2012/06/unassuming-garage-where-2m-worth-of.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
8 Shows Where Asian Leads Are In The Spotlight

8 Shows Where Asian Leads Are In The Spotlight

papar berkaitan - pada 16/11/2021 - jumlah : 275 hits
Gone are the days where Asian actors are simply relegated to sidekick status or forced to play cringey caricatures of simplistic stereotypes With audiences calling for and welcoming more diversity in Hollywood over the past The post appeare...
Chronology And Map The Location Where Malaysia Pm Najib Razak Says Flight Mh370 Ended In Indian Ocean

Chronology And Map The Location Where Malaysia Pm Najib Razak Says Flight Mh370 Ended In Indian Ocean

papar berkaitan - pada 12/11/2021 - jumlah : 271 hits
Prime Minister Najib Razak addressed a press briefing that was hastily called This evening I was briefed by representatives from the UK Air Accidents Investigation Branch They informed me that Inmarsat the UK company that provided the satel...
Fully Vaccinated And Want To Visit The U S Here Are Some Of The Basics

Fully Vaccinated And Want To Visit The U S Here Are Some Of The Basics

papar berkaitan - pada 9/11/2021 - jumlah : 259 hits
By BY CEYLAN YEGINSU AND SABRINA IMBLER from NYT Travel https ift tt 2Ypm8Ms
These Are The Best Countries To Work As An Architect

These Are The Best Countries To Work As An Architect

papar berkaitan - pada 10/11/2021 - jumlah : 264 hits
There are few industries in the world today that are truly global in every sense of the word One profession that can confidently lay claim to this title is that of the architect Although the The post appeared first on
5 Reasons The Mid Range Smartphones Are Just As Good As Flagships

5 Reasons The Mid Range Smartphones Are Just As Good As Flagships

papar berkaitan - pada 10/11/2021 - jumlah : 240 hits
5 Reasons the Mid Range Smartphones are Just as Good as Flagships Flagship smartphones being a company s centre of attention almost always come with all the bells and whistles with each subsequent release calling itself a rival predecessor ...
Are We In The Grip Of A Stupidity Pandemic

Are We In The Grip Of A Stupidity Pandemic

papar berkaitan - pada 3/11/2021 - jumlah : 251 hits
Decrying the rising Nazism and fascism in Europe the philosopher Bertrand Russell wrote in a 1933 essay that force tended increasingly to fall into the hands of those who are enemies of civilisation Saying this danger was profound and terri...
Apartments In Sunway Damansara That Are The Best

Apartments In Sunway Damansara That Are The Best

papar berkaitan - pada 10/11/2021 - jumlah : 241 hits
We propose that you conduct inspections on a consistent basis During the first year we examine the apartments in once every three months for the first three months and then once a year afterwards We look for things like cleanliness excessiv...
What Are The Different Classes Of Fire

What Are The Different Classes Of Fire

papar berkaitan - pada 9/11/2021 - jumlah : 257 hits
Most people know that fire is dangerous but they may not realize different types of fire exist based on the combustible materials responsible for generating them While the destructive potential and health threats of fire The post appeared f...
Tattoos Raised And Itchy

Bersatu Man Demands Dnb Exit Strategy For U Mobile

Khutbah Jumat Jumadil Awal Tangis Ibnu Rawahah Jelang Perang Mu Tah

Tattoos Portland Maine

Bertolak Ansurlah

Kisah Adv 160 Pengajaran Dari Bateri Lemah

Flexibility In Business Operations

Kawan Kawan Cik B Sebaya Dato Seri Vida


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Air Terjun Tujuh Puteri Bukit Sri Permata

Dayang Nurfaizah Mencintai Cinta Chord

10 Influencer Terkenal Di Malaysia

Kerajaan Pahang Tingkatkan Bantuan Prihatin Pahang Siswa Kepada Rm14 18 Juta Berbanding Rm8 Juta Tahun Lepas

Kyrkoherden Och Draken En F Rh Xande Saga Om Mod Och V Nskap Fr N Antika Spanien

How To Survive Thanksgiving Travel