LONDON--(BUSINESS WIRE)--The upcoming H&H Classics Donington Park Auction, powered online by Proxibid, gives collectors the opportunity to bid on great classic cars and motorcycles. And for the first time, H&H Classics is offering the chance for UK buyers to finance a significant portion of the estimated value of their desired car or motorcycle.
Thanks to an agreement between H&H Classics and Unbolted, a peer-to-peer lending platform well known for its lowest rate guarantee, and quick and efficient financing, is now available for buyers and sellers.
"We are delighted to work with H&H Classics to provide financing for buyers and sellers,” said Mark Magnacca, Chief Marketing Officer for Unbolted. “Extending the purchasing power for buyers and reassurance for sellers leads to a more exciting sales experience. And, with online bidding in this auction, buyers can finance and bid from the comfort of home.”
Unbolted offers H&H Classics buyers the opportunity to bid with confidence as Unbolted will, post auction, immediately lend 70% of the hammer price, or of the high estimate, whichever is lower. The “Buy Now Pay Later” loan can be for up to 6 months with an option to renew or pay off at any time with no penalties. Since the loan is secured by the vehicle, no credit check of the buyer is required. Unbolted’s approval process is quick, simple, and discrete.
Unbolted offers H&H Classic sellers an advance of up to 50% of the reserve price up front and does not charge any commissions on the actual sale price.
Proxibid uses state-of-the-art fraud protection technology, which monitors the Marketplace for fraud 24 hours a day, 7 days a week. This means both buyers and sellers are protected by the toughest fraud prevention system in the industry, ensuring all purchases in the Marketplace are safe and secure. With Proxibid, both buyers and sellers can have confidence in the security of their purchases, which is why Unbolted’s “Buy Now Pay Later” loan method is being offered exclusively to Proxibid bidders for this auction.
H&H Classics events, powered online by Proxibid, will take place at the following venues and dates:
Donington Park – Wednesday 24th February
Duxford – Wednesday 20th April
Donington Park – Wednesday 18th May
Chateau Impney: Hill Climb – Saturday 9th July
Donington Park – Thursday 28th July
Duxford – Wednesday 12th October
Donington Park – Wednesday 16th November
Chateau Impney – Wednesday 7th December
For more information about these and other auctions, please visit www.proxibid.com.
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Proxibid sells across 15 categories, from fine art, antiques and collectables to heavy construction equipment, property and everything in between. More than $3 billion in inventory passes through Proxibid’s Marketplace annually.
More than 12,000 sales events take place in the Proxibid Marketplace each year, and more than 10,000 new buyers join the Marketplace each month.