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Home » JPMorgan lets rich European clients borrow against luxury cars

JPMorgan lets rich European clients borrow against luxury cars

Wealthy individuals use car collections as a way to diversify fortunes

Bloomberg NewsbyBloomberg News
December 15, 2025
in Capital & Funding
Reading Time: 2 mins read
0
A vintage 1939 Delage D8-120 automobile at the Concorso DÂ’Eleganza at Villa dÂ’Este in Italy.

(Courtesy/Bloomberg)

JPMorgan Chase & Co. is expanding its lending services to the wealthy by allowing them to borrow against their classic and luxury car collections in Europe, tapping a favored asset class of the rich. The Wall Street giant’s private bank will give clients the option of borrowing against classic, rare or custom-designed automobiles physically stored […]

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