Luxury asset lender Suros Capital has entered into a partnership with the Aston Martin Owners Club, offering short-term lending options to its members based on the value of their high-end assets.
The partnership offers an innovative solution to liquidity challenges faced by many Aston Martin owners amid current inflationary trends and financial constraints.
Suros Capital specialises in short-term lending against valuable assets, including classic cars, fine art, luxury watches, fine wine, diamond jewellery, and other collectible pieces.
This new venture provides Aston Martin owners, who are often entrepreneurs in need of rapid capital injections for growth opportunities or to address occasional liquidity issues, with a unique lending solution.
Ed Blackmore, Suros Capital’s business development director, spoke about the rise in borrowing against classic and supercars over the past year. “With strong gains likely still to be made, many car collectors would rather borrow against their asset, rather than sell and miss out on the potential of further inflation-busting rises,” Blackmore said. “We can also support car owners with sales and new purchases through our range of lending services.”
Richard Butler FCMI, director of club development at the Aston Martin Owners Club, welcomed the partnership, recognising the emotional attachment Aston Martin owners often have to their cars. “Aston Martin owners tend to be very attached to their cars which makes it difficult when faced with justifying ownership if finances are occasionally stretched,” Butler commented. “For this reason, we are delighted to now be able to offer our members the option of unlocking the value of their asset should they have short-term needs during this challenging economic climate.”
