Finance firm seizes £132,000 Porsche Cayenne from Duke of Marlborough

The Duke of Marlborough’s top-of-the-line Porsche will be seized – after a county court judge heard he failed to meet his reimbursements.

Porsche Financial Services, trading as Volkswagen Financial Services UK Ltd, has taken the owner of Blenheim Palace to court, claiming he owed almost £64,500 on the £132,000 Porsche Cayenne.

The Duke, whose name appears in court documents as Charles Spencer-Churchill, made the financial deal in July 2018.

He paid £67,721.64 for the Cayenne EST Turbo Tip S car, which is just over half of the vehicle’s total price of £132,194.34.

This left an outstanding balance of £64,472.70 to be paid.

In court documents obtained by the Oxford Mail, Georgina Muschamp, for VW Financial Services, said a notice of default was served on the Duke last September advising him of the unpaid installments and warning him that the vehicle could be taken back.

The deal was then effectively terminated in November.

Ms Muschamp said lawyers for VW Financial Services wrote to the duke in February asking him to return the Porsche.

“The defendant [the Duke of Marlborough] refused and/or failed to do so,” she said.

During the hearing, District Judge Richard Lumb ruled that the financial services company could recover the Porsche, which had been “poorly kept” by the peer. He was also ordered to pay £602 in costs by September 13.

It is understood that the duke was not present at the hearing.

The Oxford Mail has approached Blenheim Palace for comment but, at the time of going to press, had received no response from the Duke or his representatives.

Previous The Treasury minister has ties to a real estate finance company
Next REV Capital Announces New Appointment for Trade Finance Division