What type of businesses do you work with?

Generally, we work with independent prestige and supercar retailers who are either in their early stages or are looking to make the move from sale or return to owning their own stock and being able to acquire and retail some of their suitable part exchange vehicles. The company might be large, small or even a sole trader. We don’t tend to deal with cars under £25k and we don’t have an upper ceiling.

What requirements are there for working with JMRG?

We understand the motor trade and our aim is to structure a bespoke solution that works for you and us. We expect that some of or customers might not have enough trading history to borrow against the business and this is one of the reasons we setup the business in the first place. We are able to offer more flexibility than traditional solutions.

How is this different from a stocking loan?

We don’t hide behind pages and pages of T’s & C’s , we don’t tell you where you can buy your cars or how long you should hold them, we don’t tie you up in long term contracts or set targets for you. We will negotiate each deal on it merits and our aim of for a long term partnership that works for both of us.

What is the interest rate on your finance?

That entirely depends on the vehicle, the LTV and your business. Typically we charge a daily rate with a minimum amount, so if you sold a car the same day you acquired it for example, you would only pay a small fee.

Does the stock I buy have to meet certain criteria ?

Only that we would need to satisfy ourselves that the car is physical and we agree it’s value.

What kind of rates do you charge?

This depends on various factors, but consider it broadly equivalent to a bridging loan and certainly more competitive than the logbook loan crew. Message or call us and once we know what you need we can quickly give you an idea of the cost.

What if I don’t buy the car back?

In the event that you decide not to buy the car or are unable to, we will dispose of the car and return any additional funds to you. If you require more time and the vehicle value supports this, we will be able to extend the contract. We will NEVER take steps to sell the vehicle without contacting you first.

What happens to the V5 document - will it have another owner?

This depends on many factors, normally if the requirement is short term (less than 6 weeks) we would normally have the V5 signed and ready to inform the DVLA of the sale, but we will retain it and not notify the sale. This way the V5 can simply be returned at the end of our agreement. In the event that we agree it is necessary for JMRG to notify the sale, we will hold the car in “trade mode”, but when you reacquire the vehicle it will add another owner. Clearly, the owner will be the same as the previous one and DVLA will remove it by request, although with most valuable cars the number of owners is not normally a consideration, except in some special circumstances.

What about Insurance?

JMRG will have your vehicle fully insured from the moment we collect it, until the moment we deliver it back to you. After all, this is our risk during this period. However; in the case of applicable road vehicles we would always recommend that you retain your own insurance policy during this time Rarely does it make sense to pause/cancel a policy for a short period and can sometimes result in complications when you need to restart cover.