JBR Capital
How JBR Capital uses Brego to value and assess high-value vehicles, from Range Rovers to limited edition Ferrari's.
Sean Deacon, Chief Credit Officer
Brego has fundamentally changed the game with their accuracy and ability to value high-end vehicles. No other valuation provider has come close to the level of sophistication of the Brego Platform.
JBR Capital uses the Brego Platform and API to value, assess and lend on high-value vehicles
Here's how we've helped them
Vehicle Valuations
Introduction
JBR Capital, one of the UK's leaders in vehicle lending and specialising in luxury and high-performance vehicles, faced unique challenges in valuing high-end cars due to their rarity and market fluctuations. Brego's platform offered them unprecedented accuracy and sophistication, fundamentally changing the game for JBR Capital and helping them better serve their elite clientele.
Challenges Faced by JBR Capital
Before implementing Brego’s valuation platform
Market Volatility
High-end vehicle valuations often fluctuated significantly due to changing market trends, making accurate valuation challenging. New vehicles coming out would cause others to depreciate more and sometimes entire brands would shoot up in value, making valuations tricky.
Specialised Knowledge
The unique features and specifications of luxury cars demanded specialised valuation expertise that was often hard to find and retain.
Limited Data Integration
Access to comprehensive, high-quality data sources for exotic and luxury vehicles was limited, impacting the accuracy and reliability of valuations. The existing providers were okay at valuing mass-produced cars, but when it came to luxury vehicles, the current valuation partners were not accurate.
How Brego Delivered Solutions
Advanced Data Integration
Brego's platform offered a unified solution by integrating high-quality data from various sources, providing JBR Capital with comprehensive and accurate information on each high-end vehicle.
AI-Powered Valuations
Brego’s AI models harnessed data science and machine learning techniques to produce valuations with unparalleled precision, ensuring accurate assessments despite market volatility.
Sophisticated Platform
The intuitive platform provided JBR Capital with easy access to real-time valuations, detailed analysis, and customisable insights tailored to their specialised high-end vehicle market.
Impact on JBR Capital's Operations
Precision Valuations
With Brego’s data-backed assessments, JBR Capital was able to confidently value rare and luxury vehicles, enhancing the trust of their clients and allowing JBR to provide better, more accurate residual values for better monthly payments.
Reduced Risk
The platform’s accurate valuations minimised overvaluation risks and protected JBR Capital from potential financial losses. With an AI valuation model that is trained weekly, JBR have access to the most up-to-date data with increasingly accurate valuations.
Enhanced Reputation
By leveraging the cutting-edge sophistication of Brego's platform, JBR Capital positioned itself as an industry leader in financing high-end vehicles, offering unparalleled service and expertise.
JBR Capital and Brego have worked closely to provide a bespoke platform, customised to their requirements. The Brego team regularly meets with JBR to ensure the underwriting team is happy with the Platform and discuss any improvements that can be made.
For JBR Capital, Brego’s platform has set a new standard in high-end vehicle valuations by providing unmatched accuracy, comprehensive data integration, and a sophisticated toolset. By fundamentally changing the game for JBR Capital, Brego has helped the company enhance the trust of its elite clientele and solidify its reputation as a leader in luxury vehicle financing.