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.