Koenigsegg Gemera finance

Why finance a Koenigsegg Gemera rather than pay cash

Koenigsegg Gemera finance is a specialist asset-backed loan secured against the car itself. The Gemera is still sold new, so the advance can be set against a published list price and a monthly figure computed from it before you speak to a lender. The reason owners finance a car built in a run of 300 cars is rarely that the money is unavailable. It is that taking several million pounds out of a business in one movement is an expensive way to buy an asset that is not going anywhere.

A Gemera 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 Gemera is worth, and why no one publishes it

There is no book value for a Gemera. 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 Gemera was built in a run of 300 cars, 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 Gemera finance

Four agreements cover almost every Gemera 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.

The Koenigsegg Gemera 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 Gemera 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 Gemera needs, and what the payment looks like

There is no published deposit figure for Koenigsegg Gemera 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 300 cars 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 Gemera 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.