Classic Cars

Westend Bank is ideally placed to solve the financial needs of classic car collectors and dealers. Our financial structures unlock the capital from their classic cars using secured loans.

Clients come to us to build on existing collections and take advantage of commercial opportunities. Car dealers and institutional owners may also benefit from the ability to retain possession of the vehicles throughout the lifetime of the loan.

With an extensive knowledge of the industry, we share the passion of our clients and work closely with them as a strong financial partner.

Key Features

  • Tailor-made loans secured against high value classic cars
  • An efficient financing process
  • Valuations by independent experts
  • Selected and specialised classic car storages
  • Viewings, loans for exhibitions and auction consignments can be arranged at any time after consultation
  • Possibility to retain possession of the classic cars for classic car dealers and institutional collectors
  • Loan amount starting from €500,000
  • Loan-to-value ratio of up to 40%
  • €100,000 minimum market value per artwork
  • Short- to medium-terms
Manfred Wenzel
Manfred Wenzel
Senior Account Manager
Telephone +49 69 660 595 6 72

Manfred Wenzel is a Senior Account Manager for Real Estate Development and Classic Cars, having initially joined the Westend Bank AG team as a Risk Manager in May 2019.

Previously, he worked as Vice-President in the Structured Finance division at Cologne-based private bank Sal. Oppenheim and at UBS Deutschland AG in Frankfurt am Main where he was jointly responsible for developing the mortgage lending business.

Manfred Wenzel holds diplomas in Business Administration from the Baden-Württemberg Cooperative State University and in Real Estate Management from the German Real Estate Academy DIA.

Financing Process

  1. Apply
    Apply
    You contact our experts and provide the required documentation
     
  2. Analyse
    Analyse
    We value your vehicles and structure a loan tailored to your needs
     
  3. Transfer
    Transfer
    After approval, you receive the loan under the agreed terms