FAQ

What can Pace Finance, finance?

We can finance pretty much any type of car but specialise in race cars, from entry level single seaters all the way up to Formula One cars. There is no limit, British GT, TCR, BTCC (Andy has been responsible for arranging funding for 18 BTCC cars over recent years) Carrera Cup, Mini JCW, Ginetta,Supercup, Radicals,Historic and Vintage.

We can also refinance an asset that you already own to ease cashflow

How much can I borrow?

Our lenders will want to understand your circumstances, but are able to lend anything up to £5 million.

How long are the loans?

We structure loans around your needs and can plan repayments over anything from one to seven years.

Are the loans secured?

Yes, loans are secured against the asset you are financing.

What do I need to apply?

Typically we require the last 3 months bank statements and your latest set of accounts if you are a business. We also need to understand the specifics of the car or equipment we are financing. Get started by contacting us.

How long will it take?

Once we have your information , we aim to supply finance within a week.

Why Pace Finance and not my high street bank?

You will find that most high street lenders don’t understand motorsport or performance cars and so are reluctant to lend against them. Using your high street bank also impacts your normal line of credit with them which may impact your ability to access other necessities such as overdrafts.