BLENHEIM, Ontario (10 August 2022) – RM Sotheby’s is excited to announce a new partnership with the leading financial institution providing lending solutions in the investment car market. For over 25 years, Premier Financial Services, LLC (“Premier”) has provided leasing services in both the new and used exotic, vintage, and luxury car market. 1st Financial Bank USA (“1FB”), seeing the growth in this market, acquired Premier Financial Services, LLC in April 2021 and expanded the product offering to also provide loan financing.
Four years ago, under RM Financial Services, LLC, RM Sotheby’s began providing shorter-term and bridge financing solutions. “RM Sotheby’s has seen an increasing demand for a wider array of financial options from our clients. Entering this partnership allows us to provide loan and lease solutions tailored to the unique needs of our clients. We are excited to bring both RM Financial Services and the partnership with Premier and 1FB to our clients beginning with our auction in Monterey in August 2022. We are bringing over $260M in classic car value to our clients this year and are excited to provide our clients with this broader financial market offering,” said Bryon Madsen, President of RM Sotheby’s.
Premier Financial Services, LLC has provided world-class service to its customers and dealers over the past 25 years. “Vintage and exotic car owners are seeking a broader range of financing options, and Premier is dedicated to addressing those needs. Our relationship with 1FB has expanded our funding capability, and our partnership with RM Sotheby’s has increased our ability to serve as a financing resource for serious car enthusiasts. It is a pleasure to work with RM Sotheby’s, which has long been recognized as one of the most respected brands in the industry,” said Doug Ewing, Vice President of Sales for 1FB and Premier.
The partnership will officially commence at RM Sotheby’s flagship Monterey sale, held 18-20 August 2022, where RM Financial Services and 1FB/Premier will be side by side with a physical presence, ready to speak to and support all inquiries.
About RM Sotheby’s
RM Sotheby’s is the world’s largest collector car auction house by total sales. With over 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction.
About Premier Financial Services, LLC
Since 1997, Premier Financial Services has been a recognized leader in specialty leasing of new and previously owned exotic, vintage and luxury cars. Premier is dedicated exclusively to innovative, customized leasing arrangements for clients seeking the flexibility of financing, conservation of capital, and the tax advantages of leasing. Premier’s success is based on delivering the industry’s highest level of customer service. Visit www.premierfinancialservices.com
About 1st Financial Bank USA
Established in 1910, 1st Financial Bank USA provides credit cards, construction finance, rental investment property loans, and SBA loans across the country, as well as a full range of banking services in its local communities. 1FBUSA’s headquarters are located in Dakota Dunes, South Dakota. Learn more at www.1fbusa.com
High-res images of all cars offered in the auction are available from rmsothebys.com when logged in as a registered media contact. For further information and interview opportunities, please contact a member of RM Sotheby’s PR department.
North America: Kate Clendenning: [email protected] | +1 519 365 8450
Ethan Gibson: [email protected] | +1 517 438 2247
UK/Europe: Peter Haynes: [email protected] | +44 (0) 7738 883 259
William Driscoll: [email protected]| +44 (0) 7946 038 161
For further information on RM Sotheby’s London auction, please visit rmsothebys.com.
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