Luxury vehicles
Prestige and luxury car finance for businesses
Reviewed by Luca Scalzo, Director, WFYA Limited · Last reviewed
Prestige car finance spreads the cost of a high value car, such as a luxury saloon, a performance car or a supercar, over a fixed term. For businesses it is usually arranged as hire purchase, often with a balloon payment at the end to keep the monthly instalments lower.
We Finance Your Asset is a credit broker, not a lender. We introduce prestige and luxury car applications from UK businesses to lenders on our panel.
Who can apply for prestige car finance?
- Limited companies buying a prestige car for a director.
- Businesses that use high value cars in their work, such as chauffeur, hire or events companies.
- Companies that want to keep capital in the business instead of buying outright.
How does prestige car finance work?
- 01
Apply online
Tell us about your business and the car in our application form.
- 02
We review and approach lenders
We check the details with you and approach lenders on our panel that finance prestige and performance cars.
- 03
Decision and payment
If a lender approves, you sign the agreement with the lender and the lender pays the dealer.
How does hire purchase with a balloon payment work?
With a balloon, part of the car's price is moved to a single final payment. Monthly instalments are lower, but the total amount repayable is usually higher than with standard hire purchase, and the balloon has to be paid, refinanced or covered by selling the car at the end. Lenders set the balloon based on the car's expected future value, so it varies by make, model and mileage.
What can prestige car finance cover?
- Luxury saloons, SUVs and grand tourers.
- Performance and sports cars, new or used.
- Supercars and limited production models, subject to lender appetite.
We arrange finance from £10,000 up to £1 million, depending on your requirements and circumstances.
What documents do you need to apply for prestige car finance?
Our application form asks for the information lenders need first, so it helps to have it ready:
- Your company name and Companies House number.
- The director's contact details, date of birth and home address history.
- Details of the asset: what it is, its price, the supplier and, for vehicles, the registration and mileage if known.
- The deposit you plan to put in and the term you would like.
- Your last three months of business bank statements, which you can upload with the form.
Lenders may then ask for more, such as recent accounts, proof of identity or the supplier's invoice, depending on the amount and your business.
How long does prestige car finance take?
It depends on the asset, the lender and how quickly the documents arrive. The lender then makes its own decision; straightforward applications with complete documents move fastest, while larger amounts, used or specialist assets and newer businesses can take longer.
What deposit and term should you expect for prestige car finance?
Most agreements involve some upfront payment, and the amount depends on the lender, the asset and your business. Newer businesses, older or specialist assets and larger amounts may need a bigger deposit. Terms are usually set by the expected working life of the asset. We will tell you what the lenders on our panel ask for once we know your details. We do not quote interest rates on this website because the cost depends on your circumstances: see what affects the cost of asset finance.
Sources
Checked on 31 October 2026.
Frequently asked questions
Can I buy a supercar through my limited company?
Yes, a limited company can finance a supercar on hire purchase or lease. Think about the tax first: a high value company car usually creates a large benefit in kind charge for the director, and VAT on a car with any private use is normally not reclaimable. Ask your accountant before you commit.
What is a balloon payment on car finance?
It is a larger final payment at the end of a hire purchase agreement. It lowers the monthly payments, but you must pay it, refinance it or sell the car to cover it when the agreement ends.
Do lenders finance used prestige cars?
Yes. Many lenders finance used prestige and performance cars. Each lender has its own limits on the age, mileage and value of the car.
Does finance on a luxury car cost more?
Not necessarily. The cost depends on many factors, including the lender, your business's credit profile, the term, the deposit and the car itself. Our guide on what affects the cost of asset finance explains them.
Talk to us about your asset
Tell us what you want to finance. Our team reviews every application and comes back to you.
Start your application