Liberty Wins ‘Top Classic & Supercar Funder’ Title at Leasing World Awards 2019
Liberty Leasing is pleased to announce ‘Top Classic & Supercar Funder’ win for the second year running at this year’s Leasing World Awards
Last night’s Leasing World Awards was a spectacular evening, hosted once again at the Hilton London Bankside Hotel. The evening featured our very own Eddie Graham providing some beautiful background music for the drinks reception. We also sponsored the Twitter Wall again to give guests a chance to have their pictures and tweets from the evening featured on the big screen. The awards were presented by Lord Mitchell, his 11th but sadly last time (unless Jan can convince him to return again next year!).
The annual awards are a great initiative to celebrate the successes in the asset finance industry and there were a number of new names amongst the winners announced across all 21 categories.
Allan Clegg, Managing Director, accepted the award and commented on last night’s win:
“We are incredibly proud to have, once again, been named ‘Top Classic and Supercar Funder’ at this year’s Leasing World awards.
Industry accolades mean a lot to the staff at Liberty and this one recognises the knowledge and expertise that our staff have in this complex market and the great lengths we go to for our customers.”
Liberty were somewhat of a pioneer in the classic and supercar finance sector. As one of the first entrants to the market in the mid-2000’s, we continued to build on our knowledge and experience even throughout difficult economic times from 2008 to 2010.
Our early entry into the classic and supercar finance market has paid dividends, accumulating vast experience, knowledge and building many links within the industry. At present, our portfolio breakdown by asset type demonstrates our clients’ confidence in our standing as an expert in this field and it currently represents 50.1% of our portfolio. Also, classic and supercar finance deals have made up many of our most significant and sizeable deals to date.
We have seen our efforts rewarded through the increase of new business written in this area by almost 75% since 2013. New business written for classic cars alone has increased by a staggering 450%, accounting for over £10m worth of business for Liberty in 2018, which translates to roughly 12% of all new business written in 2018.
Classic and supercars are still seen as a strong investment, generally appreciating in value, rather than depreciating, and following the HPG Classic Index report, predicting that values for classic cars will remain steady throughout 2019, we will continue to strive to be the first port of call for many brokers when they receive a proposal for this sector.