Car News, Press Releases 10 Jun 2016

Business leaders driving out of Europe according to Supercar poll

As the EU referendum debate enters its final stretch, a new poll of prestige car owners shows the majority are driving out of Europe.

The poll was conducted by Oracle Finance, who specialise in funding sports, luxury and classic vehicles for CEOs, entrepreneurs, company owners and directors. Each year, the company underwrites more than £200 million of business, funding thousands of prestige vehicles across the UK.

The business, which has offices in London and Knaresborough, sent the survey to a random sample of 20,000 of its 60,000 clients. The poll was carefully structured to remain neutral at all times, and asked people whether they were in, thinking in, not sure, thinking out or out.

In total, 1421 individuals responded. The results show:

428 (30.12%) – I’m In

127 (8.94%) – Thinking In

60 (4.22%) – Not Sure

192 (13.51%) – Thinking Out

614 (43.21%) – I’m Out

Oracle Finance’s marketing director, Christian Walker, conducted the poll on behalf of the business. He said: “As a company we are very much taking a neutral approach to the EU Referendum. However, we need to plan for our future and thought the best way to start this immediately was to see what our customers think.

“Having taken a view from the media soundbites coming from a diverse range of businesses and industry bodies across the UK, we were very surprised to see that 56% of our clients were either thinking out or definitely out. This is certainly not the impression the business planning team was getting from the media.”

Oracle Finance was established in 2005 and specialises in funding high-value vehicles, from £40,000 up to multi-million pound classics and supercars. The business, which has grown 20% on average each year, has supported clients in the purchase of a wide range of prestige vehicles, including Ferraris, Porsches, Range Rovers, Aston Martins, Bentleys and McLarens. It has a loyal customer base, with over 50% repeat deals and 20% of new customers acquired through recommendation.

“Based on the last election, I think we can all safely say that polls are not always right,” said Christian. “However, we think that our research gives an insight into what many of the UK’s leading business people are thinking.”

Oracle Finance has built its success on offering a high quality service, personally tailored to the needs of each customer.  The company has worked closely with some of the biggest lenders in the industry to develop new finance products that are more competitive and offer clients greater choice and flexibility.