Tailored finance for the Motorsport industry
Tailored finance
for the agriculture industry
Moorgate Motorsport Finance works with race teams and businesses in the industry to fund cars, parts, transporters and everything in between. If you’re looking to buy a vintage racing car or you need something more competitive, we can help.
From McLaren’s to Porsche Cayman GT4 Club Sports, Ginetta sports-races and BTCC saloons. We offer flexible and competitive finance packages that puts you in the driving seat and helps you win the race. We can help by spreading the cost of your race/rally car or finance the cost of any capital expense.
The benefits:
✔ Spread the cost of your car over multiple seasons
✔ Invest in more competitive vehicles
✔ Improve the image of your team
✔ Invest in quality support and transport vehicles
✔ Equity release: we can offer equity release against your existing vehicles, releasing tied-up funds that will enable you to make another purchase or upgrade.
✔ If you have existing finance agreements we can take them over and arrange bespoke terms to fit your exact circumstances.
✔ Quick decision: get the go-ahead on your finance usually within a week.
✔ Funding available for paying drivers and race teams.
“I’ve used these guys to fund a couple of race cars over the last few years. Excellent service on both occasions.”
Tim
Motorsport Finance Case Studies
£60,000 Funded for a New Motorsport Vehicle
The Challenge
This business had already approached their main bank to secure funding. However, that route came with a series of hurdles. It would have increased his credit line, required a second charge on personal property, and added an extra ILA cost. On top of these barriers, the bank’s funding process involved lengthy terms, meaning there would be significant delay before the cash was released to the business.
The Solution
We secured £60,000 of funding for the vehicle, enabling the business to purchase the vehicle- which was the first of its kind in the UK. The funding was structured as a 60-month hire-purchase, allowing them to spread the cost over time and maintain healthy cash flow. Not only were we able to beat the rate offered by their main bank, but we also offered them an extended term, reducing their monthly payments.
Going The Extra Mile: Funding a Race Car in Spain
The Challenge
One of our long-standing customers were on the hunt for a BMW Race Car for the Endurance Cup. The big challenge was that the one they located was in Spain, and they needed full payment before releasing the vehicle to the UK. In order for payment to be completed, a member of the Moorgate sales team had to make a 24 hour round trip to carry out an in-person asset inspection.
The Solution
After a quick trip to Madrid to view the vehicle, payment was made in full, and the car was transported to the UK. Our broad lending panel meant we could cater to an international payment and make sure the deal was completed without delay. We secured £62,000 for the race car as a hire purchase over a 60-month term which allowed the client to secure another driver for the 2025 season and continue to keep the car running in the championship for the next 5 years.
Why Moorgate?
We understand the financial pressures that arise in businesses and we provide financing solutions to help your business grow.
Sector Expertise
Moorgate is a leader in assets, mortgage broking and equipment financing. You can trust us to help support your business.
Tailored Finance
We can find the product to suit you.
Dedicated Broker
All of our brokers are certified in their fields.
