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 €1 million
  • Loan-to-value ratio of up to 40%
  • €100,000 minimum market value per artwork
  • Short- to medium-terms
Dr. Marcel Morschbach
Dr. Marcel Morschbach
Member of the Board
 

Dr. Marcel Morschbach acts as Member of the Management Board since August 2020 and has been responsible for Finance, Compliance, Credit and Risk Control. Since October 2021 he has taken on responsibility for the Market Division and the Legal, HR and Internal Audit functions. Previously, Marcel was a board member at net-m Privatbank 1891 AG and at Quirin Privatbank AG. Before, Marcel acted as Senior Advisor with a leading German Bank consultancy firm (zeb Rolfes Schierenbeck), based on his long-standing experience as Chief Executive in US, Irish and German bank groups, both domestic and abroad.

Between 2009 and 2014, Marcel was lecturing in International Economics, International Strategic Management and Multinational Management at RheinMain University of Applied Sciences. He has written numerous publications on Banking and Finance and has given guest lectures at several European universities and universities of applied sciences. After his studies in Berlin and Toronto, Marcel was awarded a doctorate at TU Berlin based on his thesis on Canadian Banking.

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

Case Studies

Case Study 1

Case Study 1

Fast reactions

Case Study 2

Case Study 2

Extending a collection

Case Study 3

Case Study 3

A short-term fix