Brabham BT62

You can now get monthly finance for racing cars

Brabham BT62Wannabe racing drivers, listen up: you can now buy a race car on monthly finance, fulfilling your dream to visit the top step of the podium (of course) for a one-off monthly payment.

JBR Capital has created the innovative finance scheme dedicated to race car acquisition. It’s an extension of the direct-lender finance it’s already been creating for Ginetta racers, Porsche Cayman GT4 Club Sports, even BTCC cars.

The firm has now been revealed as the official finance partner for the track-only Brabham BT62 and it’s this that’s led bosses to outline some of the packages they’re able to offer.

First, of course, is the Brabham. The list price of this is £1.2 million, which is a lot of money in anyone’s book. But, provided, you can find (cough) £16,005 a month for three years, it could be yours for a lump-sum payment of £240,000.

The final balloon payment is a little more steep, though: £600,000 at an APR of 9.9 percent.

The racing car packages are much more realistic, though. Take the entry-level Ginetta G40 GRDC; this costs £42,000 brand-new, but it could be yours for an £8,400 deposit, then 36 monthly payments of £818. The lump sum here is £10,000 – which, of course, you’d pay for via your race winnings, right?

Mid-level racers may be interested in driving a Ginetta G55 GT4. Out the factory, this is £126,000, but you could be running it for £25,200 and 36 monthly payments of £2,367. The balloon payment is £35,000: a piffling amount for a GT4 champion, surely?

Darren Selig, JBR Capital’s executive chairman, said: “We tailor finance for top level to entry level racers, and the collector. We assess every car we finance individually and create a bespoke finance package that works for each unique buyer.”

Want to find out more? See the firm’s website – or, dreamers, check out some of the examples below…

Top level racing: Brabham BT62

  • Price: £1,200,000
  • Deposit: £240,000
  • Monthly payments x 36: £16,005
  • Balloon: £600,000
  • APR: 9.9 percent

Mid level racing: Ginetta G55 GT4

  • Price: £126,000
  • Deposit: £25,200
  • Monthly payments x 36: £2,367
  • Balloon: £35,000
  • APR: 9.9 percent

Entry level racing: Ginetta G40 GRDC

  • Price: £42,000
  • Deposit: £8,400
  • Monthly payments x 36: £818
  • Balloon: £10,000
  • APR: 9.9 percent

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