About us
We arrange finance on cars that lenders treat as assets rather than transport.
Classic Car Finance is a trading name of Lenzie Consulting Ltd. We are a broker. We do not lend, we do not hold your money, and we do not make the credit decision. What we do is prepare a case properly and put it in front of lenders who understand older cars.
A classic is not underwritten like a three year old saloon. There is no residual value table to lean on, so the file has to carry the argument: provenance, condition, an independent valuation, and a sensible account of how the car will be kept and how the borrowing gets repaid. Assembling that before a lender asks for it is most of the job.
Behind the business is 25 years in banking, with significant transactional experience including this sector. Across the wider group we have arranged more than £400m of finance, the majority of it secured on property.
Our regulatory position
What we do
Classic Car Finance arranges vehicle finance. We are a broker, not a lender. We do not hold your money, we do not make lending decisions, and we do not provide financial, legal or tax advice.
We prepare a case and present it to lenders who write finance on classic and modern classic cars. Every decision, rate and term comes from the lender.
Why we are not FCA authorised
The finance we arrange sits outside the consumer credit perimeter. Lending to a limited company or an LLP is not regulated consumer credit, because the borrower is not an individual.
Lending to a sole trader or a small partnership is exempt where the agreement is for more than £25,000 and the borrowing is wholly or predominantly for business purposes.
Lending to an individual is exempt under the high net worth exemption where the credit exceeds £60,260 and the borrower has signed a statement of high net worth, certified as required, together with the declaration that they forgo the protections of a regulated agreement.
Because we arrange only these agreements, Lenzie Consulting Ltd does not hold Financial Conduct Authority authorisation. We are not entered on the Financial Services Register for credit broking.
What that means for you
An unregulated agreement does not carry the statutory protections of a regulated one. There is no section 75 protection, no statutory right of withdrawal, no voluntary termination right, and no access to the Financial Ombudsman Service.
You should take your own legal and accounting advice before entering into any agreement.
If your finance would be regulated
If you are buying a car for personal use, or borrowing below the thresholds above as an individual, the agreement is regulated consumer credit, which requires FCA authorisation that we do not hold.
We still take the enquiry. Where a case needs an authorised firm, it is handled through one of our regulated partners, and we tell you which firm before anyone contacts you.
You are free to approach any authorised firm yourself instead. You can check a firm's permissions on the Financial Services Register at register.fca.org.uk.