Luxury supercar dealer Romans International has launched Elev8 Finance – a new standalone finance brand that has already funded more than £300m-worth of supercar purchases.
Elev8 Finance is a specialist independent finance broker designed to look after the needs of high-net-worth individuals, and they have used its services to buy cars as exclusive as the £3.5m Ferrari LaFerrari Aperta.
It was originally designed to look after Romans International’s growing customer base of supercar buyers, but now dealership owner Paul Jaconelli has decided to throw open the finance firm’s doors to the whole market.
Jaconelli took the decision to push the finance firm during the coronavirus crisis after it saw an influx of customers looking to refinance collectible cars to release cash, extend agreements or take payment holidays as the crisis bit.
He and his son Tom, with whom he runs the business, have seen an increase in demand from outside the dealership’s usual client base for these services and have now funded nearly 2,000 cars together worth more than £300m.
Customers of Elev8 will benefit from the broker’s strong relationships with banks and finance companies, which include Santander Consumer Finance, Aldermore Asset Finance, Hitachi Capital Business Finance, Alphera Financial Services, Blue Motor Finance, Metro Bank and more.
Elev8 Finance’s relationships could give car dealers and their customers access to providers they might not otherwise have been able to do business with.
Tom Jaconelli added: “We have grown a lot in a short space of time, and I believe that Elev8 can become the number-one go-to finance broker for high-net-worth individuals looking to finance their next car.”
The 10 Most Expensive Cars Financed By Elev8
- LaFerrari Aperta – £3.5m
- Maserati MC12 – £2.75m
- Ferrari Enzo – £2.25m
- Bugatti Veyron Grand Sport Vitesse – £2m
- Ferrari F50 – £1.75m
- Pagani Huayra – £1.75m
- McLaren P1 – £1.2m
- Porsche 918 Spyder – £1.1m
- Ferrari F40 – £1m
- McLaren Senna – £900,000