Cambridge & Counties Bank is targeting wealth managers with a newly launched classic car finance service.

“Many of those people buying classic cars are clients of wealth managers and they may look to use their investments here to purchase their vehicles,” said Neil Fender, head of classic car finance at the bank.

“Rather than liquidate them, we are providing wealth managers with an alternative solution to offer these clients the opportunity to keep their investments in place and maintain cash resources.”

The scheme offers hire purchase, collection funding and equity release ...