ALL I want for Christmas is a Range Rover or Porsche! These are the most desirable marques for car buyers during the festive period, according to JBR Capital.
The high-end vehicle finance provider lends most frequently on Range Rover and Porsche models in the run up to Christmas, with Mercedes-Benz, Audi and Ferrari rounding off the top-five most popular marques.
During the month of December there is also a 40% increase in equity release enquiries as car owners look to free up capital in their prestige vehicles to cover end-of-year costs, Christmas spending and holidays abroad.
The festive season also sees deals of higher value – on average – than at any other time of the year as some prestige vehicles and supercars are bought as gifts, says the independent London-based financier.
Darren Selig, Executive Chairman at JBR Capital, said: “We have seen the same pattern year-on-year, with Range Rovers seemingly one of the favourite prestige purchases ahead of Christmas; a marque which is also popular with our customers during the rest of the
“Equity release peaks in December, as this can be a very expensive time of year for everyone. Whether it’s buying presents, planning travel abroad or investments in property, releasing cash tied up in classics or supercars – vehicles that may be appreciating in value – can be a very smart move.”
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