Oracle Car Finance exceeds £2bn in funding

UK funder of prestige, sports and classic cars, Oracle Car Finance, has surpassed £2 billion in vehicle funding for their customers.

The North Yorkshire-based finance broker passed the first £1 billion threshold just five years ago.

After starting up in 2005, Oracle’s aim was to provide the highest level of service while assisting customers with their funding needs from their first car right through to their dream car.

Providing funding from £25,000 up to multi-million-pound sums for highly sought-after supercars and rare classic cars, the broker’s average funding amount is £50,000.

Responsible for funding over 4,300 prestige cars last year alone, Oracle Car Finance has doubled its workforce and turnover in the past five years, setting targets to do the same again before 2030.

The development of a bespoke CRM system and having an in-house Learning and Development programme and Compliance team also contributed to reaching the £2 billion threshold.

Although located just outside of Harrogate in North Yorkshire, more than 50% of the broker’s business comes from the Greater London area.

Oracle Car Finance Managing Director and Founder, Peter Brook, said, “What began with two individuals meeting each other and combining their skills to find a different way of delivering car finance, became the UK’s number one funder for prestige, sports and classic cars.

“It’s hard to imagine this success without the passion and dedication of the whole team at Oracle. With over 110,000 clients now on our database, we ensure that every customer is treated like a VIP. On average, we fund around three Land Rover products a day, and almost 12 Porsches a week (based on 2023 data) as a result of all the hard work and efficiency from the Oracle Car Finance staff.

“£2 billion is just one of the milestones along the way that defines how successful we’ve been, but, more importantly, it represents the significant number of happy customers we have. We now have a loyal client base that wouldn’t even think about getting finance elsewhere. That to me is a much bigger milestone.”