Palm Beach’s collector car community — from the Cavallino Classic at The Breakers to the Boca Raton Concours, from the Barrett-Jackson Palm Beach auction to the private garages of South Ocean Boulevard — represents one of the most sophisticated concentrations of collector vehicle ownership in the Southeast. When a vehicle from that community needs to generate liquidity fast, Palm Beach Loan provides collateral loans against classic and exotic automobiles with the expertise and security infrastructure these assets require.
Vehicles We Lend Against
- Ferrari: All production-era road cars with documented history; sports racing cars with FIA papers; modern limited series (Enzo, LaFerrari, 288 GTO, F40, F50)
- Porsche: 911 series from all generations, Carrera GT, 918 Spyder, classic 356 and 550 variants
- Lamborghini: Miura, Countach, Diablo, and modern limited series
- Aston Martin: DB series, classic road cars, and limited production variants
- Mercedes-Benz: 300SL Gullwing and Roadster, 190SL, W113 Pagoda, SLS AMG
- Vintage American: Shelby Cobra, classic Corvette, early Mustang, and other documented investment-grade American performance vehicles
- Modern exotics: McLaren, Bugatti, Koenigsegg — recent production with documented service history
What Determines Your Car Loan Value
Documentation and Matching Numbers
For vintage vehicles, matching numbers — original engine, transmission, and body panels with documented build numbers — represent the most critical value driver. A Porsche 911 Carrera RS 2.7 with matching numbers and full service history commands dramatically higher values than a non-matching example. Documentation should include: original title chain, factory build sheet where available, full service records, and any FCA, PCA, or other marque organization certification.
Condition and Recent Service
Concours-condition vehicles command peak loan values. Vehicles in driver quality condition — all mechanicals correct but showing honest road wear — loan at modest discounts. Vehicles requiring restoration or with deferred maintenance are discounted more significantly as we price in the cost of bringing them to saleable condition.
Provenance and Competition History
For sports racing cars and historically significant road cars, documented competition history with period photographs, entry records, and ownership documentation significantly supports value. A Ferrari 250 GT with documented racing history commands multiples over an undocumented example.
Storage During the Loan Term
Classic and exotic vehicles require appropriate storage during the loan term — climate control, secured facility, and in some cases ongoing mechanical maintenance to prevent deterioration from storage. Palm Beach Loan maintains appropriate storage facilities and protocols for collector vehicles. For vehicles with specific storage requirements (battery maintenance, tire inflation, exotic mechanical systems), we discuss maintenance protocols at the time of loan origination.
Frequently Asked Questions
Can I get a loan on a car that’s currently insured and registered?
Yes, though the vehicle’s storage during the loan term means standard road use insurance is not necessary. We can advise on appropriate storage insurance during the loan period. Title must be clear — no existing liens on the vehicle.
How is a collector car different from a standard auto loan?
Standard auto loans are based on Kelley Blue Book and NADA depreciation schedules — none of which reflect the appreciation dynamics of investment-grade collector vehicles. Our collector car appraisers use current auction results (Barrett-Jackson, Mecum, RM Sotheby’s, Gooding) and specialist dealer pricing to value vehicles accurately against the collector market, not the consumer market.