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 classic car or motorcycle.

The upcoming H&H Classics Donington Park Auction, powered online by Proxibid, gives collectors the opportunity to bid on great classic cars and motorcycles.

Thanks to an agreement between H&H Classics and Unbolted - a peer-to-peer lending platform well known for its lowest rate guarantee - quick and efficient financing is now available for buyers and sellers.

Nick Delaney, Business Development Manager for H&H comments:  “We are excited by the opportunities our relationship with Unbolted will provide for the classic vehicle collecting community. Together with online bidding through Proxibid it underlines our commitment to removing barriers enabling classic enthusiasts to buy and sell conveniently, securely and with our industry leading levels of customer service".

Mark Magnacca, Chief Marketing Officer for Unbolted adds: “We are delighted to work with H&H Classics to provide financing for buyers and sellers. 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.