High Value and Luxury Assets

Buying and Selling Classic and Luxury Cars

Request a callback

Please enter these characters in the box

captcha

High Value and Luxury Assets >> Buying and Selling Classic and Luxury Cars

“All of those cars were once just a dream in somebody’s head.” Peter Gabriel, Mercy Street

There is a great thrill and pleasure in knowing that only a few thousand of your particular model, crafted by a group of highly-skilled experts, have ever been made.

Cars lovers will appreciate not just the appearance and personality of classic cars but also the nitty gritty aspects of their craftsmanship and maintenance. While not as complex as buying a jet or helicopter, buyers and sellers will understand that these transactions require careful consideration of both legal and business elements. Saracens have experience and knowledge of the luxury car marketplace that, along with our technical expertise, positions us as the firm of choice for clients seeking to deal in these assets.

Self-professed car enthusiasts, Saracens provides services to help purchasers control the cost of ownership as well as have comfort that they can drive their vehicles without concerns about its condition.

For buyers, Saracens can assist with the following:

– Vehicle due diligence that includes:

– Researching vehicle history and provenance

– Inspecting vehicle inventories

– Liaising with specialists and arranging inspection for certification of vehicles

– Assessing vehicle condition and maintenance

– Negotiating purchase contracts tailored to each specific client and vehicle to ensure that all relevant considerations are addressed

– Advising you on any relevant taxes or exemptions

– Importation and / or exportation licences

For sellers, Saracens’ services include:

– Liaising with the appropriate specialists to arrange secure storage and transportation of your vehicle

– Arranging the entry or display of vehicles at auction houses, promotional events and prestigious meetings

– Negotiating the sale contract to ensure that the seller is able to realise their fair asset value

– Advising you in respect of the tax implications of the sale

To talk to us about selling or purchasing a luxury or classic car, phone our London office on +44 (0) 20 3588 3500 to talk directly to one of our lawyers. Alternatively, you can request a call back and we will be in touch at a time convenient to you.

I had a dispute with my insurers as they were refusing to cover me for a claim. I was really…

Mr W Ahmed Senior Manager at Arab Banking Corporation Plc
See All Testimonals

Saracens Blog
The Art of Investment Fine Art Gallery

On 11th October 2016, on her first solo overseas trip, HRH The Duchess of Cambridge proved she is a master of creating an iconic image.  Knowing she would be viewing Johannes Vermeer’s celebrated ‘Girl With A Pearl Earring’ held in the Mauritshuis Museum in The Hague, she choose to wear a pair of beautifully crafted pearl earrings herself. The result – an image that is a work of art in its own right. The British Royal family owns the largest private art collection in the world.  Over the centuries, it has built up a stunning portfolio, including works by Leonardo da Vinci, Vermeer, Caravaggio and Rembrandt. There is a key reason why […]

Read more
Your Step By Step Guide To Selling A Yacht Selling A Yacht

Selling a yacht may seem like a daunting prospect…. Setting a price, marketing, advertising, broker terms and commission, contractual issues…etc all very complex and generally quite time consuming. Because we understand this sector better than most, to help you understand some of the basics, we have put together this easy to follow step by step free boat sellers guide to highlight some of the issues you need to weary of. Step 1 –Engage the Right Professionals When selling a yacht it is imperative that you enlist the right professionals to manage the transaction, including a lawyer who has experience dealing with this type of work. This applies to the purchaser […]

Read more
You Can’t Beat A Classic When It Comes To Luxury Cars

Provenance, rarity and originality, these are the holy trinity for anyone purchasing a classic car.  Good judgement and research also pays off.  This is a market that is booming after leaping 17% in 2015, more than any other luxury asset such as watches, art and stamps. Earlier this year, a Ferrari 250 GTO was on sale in the UK for the asking price of a whopping £52 million. The current picture of the classic car market There was a sense at the beginning of 2016 that the classic car market was slowing down due to a drop in sales and cars selling for less than expected sums in auction halls […]

Read more