Lifestyle Financing

PRIVATE BANKING

If you’re looking to make a significant lifestyle purchase, our team can help you assess the most suitable financing options and evaluate important considerations of each type of item you hope to obtain.

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What are you buying?

LIFESTYLE FINANCING CONSIDERATIONS

Lifestyle purchases can include aircraft, marine craft and yachts, collectible cars, fine art, real estate, and any other luxury item, but each has its own nuances.

The type of asset matters

Certain state and federal regulatory authorities may be involved, commercial insurance policies and loan underwriting may vary, and tax implications may differ depending on what you are acquiring, particularly for yacht and aircraft purchases.

What are your goals?

Whether you purchase a luxury item as a consumer, investor, or collector matters. The difference could inform how your new purchase should be owned and what tax and estate planning strategies should be considered.

What is the item’s “value?”

Value can be viewed as fair market value—the price a buyer is willing to pay—or sentimental value. Sentimental value can be more difficult to quantify but can be equally as important when considering a new purchase.