JBR Capital marks record month of lending in July

Luxury vehicle and supercar finance specialist JBR Capital has marked a record month-long period since its establishment in 2015, lending £27 million to customers.

The company said July’s record period builds upon momentum throughout 2022, a period which saw it underwrite more than £20m per month.

Porsche is proving the most in-demand marque, of which the 911 Carrera was the most popular model, with Land Rover and Audi placing second and third respectively, with the Range Rover Sport and R8 as second and third most popular models.

Nayan Kisnadwala, chief executive officer at JBR Capital, said: “Thanks to the consistent can-do attitude, hard-work and dedication of our colleagues, JBR Capital has accelerated progress in July.

“This is an exciting time for our organisation and our growth is being driven by high levels of talent, collaboration, and communication across the company.

“These numbers aren’t achieved by accident - they are a direct result of hours, days, weeks and months of planning, hard work, resilience, patience, and entrepreneurial spirit.”

JBR Capital said the Southeast of England was the most popular location for the provision of finance.

Earlier this year, JBR launched a sustainability initiative through a partnership with Carbon Neutral Britain by offsetting 5,000 miles of carbon emissions for each car financed by its clients, greatly reducing the environmental impact of high-end vehicle ownership.

Last year, the Finance and Leasing Association (FLA) said lender involvement should be central to the Government’s Net Zero plans as finance is often the “only way to put greener vehicles, plant and machinery, home improvements or business equipment within the reach of customers”.

Year-to-date (YTD), 6% of JBR Capital loans have been for electric vehicles (EVs).

Darren Selig, founder and chief commercial officer at JBR Capital, said: "2022 has been a momentous year in the company’s history, and we are delighted to continue this momentum with yet another record month period.

“Our discerning customers recognise our unrivalled expertise, knowledge and passion for the high-end automotive sector alongside our ability to provide truly bespoke financial solutions to enable them to enjoy their automotive passions.”