When you think of exotic vehicle finance, most lenders prefer to play it safe. But in this case, our client needed a little more flexibility — and that’s exactly what we delivered.
The Client Profile
Industry: Accommodation & Tourism
Business Type: Motel Operator (2 regional sites)
Time in Business: 4+ years
Annual Turnover: $1.5M+
This client had built a solid business operating motels across two locations and was now eyeing a personal reward — a 2000 Ferrari priced at $172,000 from a dealer sale. But ticking all the usual finance boxes wasn’t going to be possible.
The Challenge
Despite the client’s strong revenue and stable business history, there were multiple hurdles to overcome:
- The Ferrari was 23 years old — beyond the age limit for most low-doc vehicle finance products.
- The client had no deposit available at the time of application.
- Financials were not yet completed, making traditional full-doc lending a no-go.
- They also wanted to keep the purchase separate from their jointly held business, requiring a standalone structure.
Most traditional lenders declined the deal due to the combination of asset age, lack of financials, and no property or asset backing.
Our Solution: Lite-Doc Lending with Flexibility
Instead of forcing a fit into a traditional finance box, we matched the client with a specialist lender experienced in exotic vehicles and non-standard applications. We:
- Leveraged BAS statements and ATO tax portal data to verify strong business turnover and repayment capacity.
- Structured the loan over 5 years with no balloon, keeping repayments manageable.
- Secured approval without the need for financials, a deposit, or property backing.
The result? Monthly repayments of approx. $3,500, comfortably serviced by the business cash flow — and finance arranged discreetly, as the client wished.
Outcome
- The client took delivery of their dream Ferrari without compromising cash reserves.
- They avoided unnecessary delays or the hassle of over-disclosing unrelated entities.
- Business momentum remained strong while personal goals were achieved.
Key Takeaway for Business Owners
When the deal doesn’t fit the mould, that’s when a creative broker makes all the difference.
Whether it’s an exotic car or niche equipment, understanding lender appetite and packaging deals strategically can open doors that seem closed at first glance.
📞 Thinking of a unique purchase or finance structure? Let’s explore what’s possible.
