FAQ

Loan amounts to our clients are based on two factors - 1) our client's needs, and 2) the estimated value of the collateral - whether it is one car or a collection of cars. We primarily focus on loan amounts above $150,000 / £100,000 / €125,000 and collector cars typically valued at or above $250,000 / £165,000 / €200,000. We do not have a set limit on the maximum amount; we have significant flexibility to support large financing transactions.

We are currently able to provide financing solutions for qualified clients in the United States, Canada, UK, and the EU zone. Our ability to provide financing solutions depends on both the location of the borrower and the location of the car as well as local rules and regulations. Please contact us at bafinancing@hagerty.com if you are interested in a financing solution if you reside outside of the United States or Canada and/or if your car is located/registered outside of the United States or Canada, and we can review your situation to see if we can provide a tailored financing solution for you.

The first step is for us to understand your financing needs and details about the car(s) you intend to pledge as collateral. Details of motor cars should include photographs (ideally several exterior and interior photos from various angles), descriptions and/or history, and VIN / Chassis number. Our specialists generally need to physically inspect the motor car prior to closing, but in most cases, we are able to provide indicative financing terms based on the information provided to us.

Yes. Broad Arrow Group is not a consumer lending business. We require our borrowers to be HNWI who are Accredited Investor status or companies (including LLCs and Trusts controlled by Accredited Investors) to qualify for our financing solutions.

HNWI is a term used by some segments of the financial services industry to designate persons whose net financial assets (excluding primary residence and pension fund assets) are greater than $1,000,000. In the United States, to be considered an Accredited Investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year.

We aim to make funds available to our clients within two business days of a fully executed legal agreement, inspection (where applicable) of the car(s), and lien filing on the title (where applicable). Processing times depend on inspection of motor car(s), insurance certificates, and lien/title search, which may vary depending on jurisdictions.

Our clients are responsible for maintaining sufficient insurance coverage for the motor car(s) pledged as collateral, with Broad Arrow Capital LLC as an additional insured party and first loss payee (for the financed amounts) under the borrower’s insurance policy.

Typically, our loans are structured as twelve (12) months balloon payment loans, with renewal options for our clients, provided the loan is in good standing. We can also structure a longer term loan to meet our clients' needs.

This will depend on each circumstance and jurisdiction in which loans are underwritten and the car is registered. In most cases in the U.S. and Canada, we allow our clients to maintain possession of the pledged car. However, that may not be possible in certain jurisdictions and under certain circumstances.

The best way to reach us is by email. Please email us at bafinancing@hagerty.com for inquiries. We are also available by phone, and you can reach us at +1-313-312-0780