Oracle Car Finance expands into South of England

Oracle Car Finance, UK provider of high-end vehicle finance, has announced its expansion into the South of England with the opening of a new office in Chelmsford, located on Parkway.

This move comes as the company experiences a surge in demand for supercar funding in the region, driven by the rising popularity of luxury vehicles in London and the surrounding areas.

Over the past five years, Oracle Car Finance has seen an increasing concentration of customers from London’s top boroughs. More than 60% of their supercar finance customers are based in just ten boroughs, with Enfield, Kingston upon Thames, and Kensington & Chelsea leading the way. Enfield accounts for 10.7% of all London supercar funding, closely followed by Kingston upon Thames at 9.6%, and Kensington & Chelsea at 7.5%.

The company, headquartered in Knaresborough, North Yorkshire, is now funding a supercar every five days on average in London.

The top 10 London boroughs dominating Oracle’s supercar funding include:

Enfield – 10.7%
Kingston upon Thames – 9.6%
Kensington & Chelsea – 7.5%
Barnet – 6.1%
Croydon – 5.6%
Hillingdon – 5.3%
Richmond – 5.12%
Westminster – 4.8%
Hounslow – 4%
Bromley – 3.5%

The expansion comes after Oracle Car Finance achieved a milestone of £2 billion in vehicle funding in June, with the company now gearing up to celebrate its 20th anniversary in 2025. The new Chelmsford office will support the growing demand for luxury vehicle financing across London and the South of England, where affluent clients are increasingly seeking bespoke financial solutions for their supercars.

In the past three months, Oracle has recruited seven new team members from the automotive industry, bringing extensive expertise in the supercar and luxury vehicle markets.

Bradley Redgewell, part of the new team based in Chelmsford, highlighted the growing demand for supercars in London: “London remains a key hotspot for high-end automotive sales, driven by a combination of affluent clientele and a passion for exclusive brands. In recent years, we’ve seen increasing demand for bespoke finance solutions tailored to the needs of supercar enthusiasts.”

Peter Brook, Managing Director and Founder of Oracle Car Finance, echoed this sentiment, saying, “We do a lot of business with customers living in the capital, but even I was surprised at the areas where our clients who buy supercars live.

“Londoners love driving the latest luxury and performance cars. Historically as a brand, Land Rover, and in particular, Range Rover, is the most popular with our customers in the capital, surprisingly with Ferrari and Porsche a close second and third.”

As the company continues its rapid growth, Oracle Car Finance remains committed to expanding its team, with ongoing recruitment efforts in both the London and Essex areas to meet the increasing demand for supercar and luxury vehicle funding.