Models / 2005 to 2010

Koenigsegg CCX finance

The car built to be sold in the United States, and the one that put the marque in front of a wider audience. Twenty-nine built.

Production: 2005 to 2010
Engine: 4.7 litre twin-supercharged V8
Built: 29

What every figure here assumes

Rate: 8.9%
Paid over: 48 months
Deposit: 20%
Left to the end: 40%
Minimum: None

An estimate, not a quote. Nobody has assessed your circumstances yet.

Why finance a Koenigsegg CCX rather than pay cash

Koenigsegg CCX finance is a specialist asset-backed loan secured against the car itself. No trade guide covers a CCX, so the advance is set against a valuation of your specific car agreed at the outset rather than against any published figure. The reason owners finance a car built in a run of 29 is rarely that the money is unavailable. It is that taking the full purchase price out of a business in one movement is an expensive way to buy an asset that is not going anywhere.

A CCX sits still and holds its position. Capital does not. Spreading the cost over 48 months at an indicative 8.9 per cent leaves the working capital in the business, and on this marque there is a second argument that does not apply to ordinary cars: several models are worth more now than they cost, so the asset securing the lending has been appreciating rather than depreciating.

We arrange the finance and we are not a lender, not a dealer, and not tied to anyone selling you the car. There is no minimum advance.

What a Koenigsegg CCX is worth, and why no one publishes it

There is no book value for a CCX. Of the five Koenigseggs advertised publicly in the United Kingdom when we last counted, 3 carried no price at all. A lender cannot price what the market has not published, which is why every deal on this car starts with a valuation rather than a rate.

The CCX was built in a run of 29, and scarcity that specific is easier to underwrite than it sounds. A lender is not exposed to a broad used market on a car like this, because there is not one to be exposed to. It is exposed to your car. Condition, documented history, originality and specification decide the number, and they matter more than the model name does.

Types of Koenigsegg CCX finance

Four agreements cover almost every CCX deal. They differ in one respect that matters: what is left to settle at the end, and who has to have been right about the value by then.

Hire purchase on a CCX

Hire purchase spreads the whole cost across the term and transfers title with the final instalment. Nothing is deferred, so nobody has to forecast what a CCX will be worth in four years. On a car built in a run of 29 that is the single strongest argument for it, and it is why most agreements we place on this marque are written this way.

Lease purchase on a CCX

Lease purchase defers part of the balance to one payment at the end, set against what the lender expects the car to be worth by then. The monthly figure falls and the debt does not. Expect a lender to set that deferred figure conservatively here, which is a compliment to its caution and a cost to you.

Personal contract purchase on a CCX

A personal contract purchase guarantees the closing value rather than estimating it, so a shortfall belongs to the lender. It is the hardest of the four to obtain on a CCX, because a guarantee needs comparable evidence and there is very little. Treat a broker who offers one freely with some caution.

Refinancing a CCX you already own

A refinance releases capital against a car owned outright, with the lender taking security over it while you keep and drive it. This does more work on this marque than on any other, because several of these cars have appreciated. The negotiation is the valuation rather than the rate, so bring the history file to the first conversation.

The Koenigsegg CCX finance process

Four steps, and the first one is short. We ask what the car is, what you are paying for it, how you want it owned, and what the business behind the application looks like. That conversation decides whether there is a deal at all, and it happens before anything touches your credit file.

We then approach the lenders whose appetite fits rather than all of them, because a credit file full of searches is worth less than a clean one, and the lenders who write hire purchase on a CCX are not always the ones who will consider a refinance against it. You see the terms, in writing, with the total cost and the early settlement position set out rather than buried.

Documents follow: filed accounts, bank statements, identification, the purchase invoice, and on a car of this age and rarity the history file. Nothing is submitted to a lender and no search is run until you have seen the numbers and told us to proceed.

What deposit a Koenigsegg CCX needs, and what the payment looks like

There is no published deposit figure for Koenigsegg CCX finance and any broker quoting one has invented it. Between 20 and 40 per cent is the usual starting point at this value, and every worked example on this site assumes 20 per cent because it is the commonest, not because it is a rule.

What moves the deposit is the car and the borrower rather than a rate card. A lender advancing against a car built in a run of 29 wants more equity in the deal than one advancing against a car built in volume, because the exit if the payment stops is a specialist sale rather than a trade auction. Part exchange counts toward it, and so does the equity in a car you already own, which is worth raising in the first conversation rather than the third.

The monthly payment then follows four inputs and very little else: the amount advanced, the deposit, the term and whether any of the balance is left to the end. Of those, the deposit and the deferred figure move the payment far further than a point on the rate does. Two CCX finance quotes at the same monthly payment can differ by a considerable sum once the total cost across the term, the fees and the early settlement terms are set beside each other, and those are the four things worth comparing.