A MAN who spent £5.4million on hundreds of Land Rover Defenders’ gamble has paid off as he reveals just how much cash he has made.
Charles Fawcett made the financial gamble back in 2015 when he saw an opportunity to pick up the “last of the line” range of the iconic British car.
Charles Fawcett is the owner and founder of Twisted – a company specialising in bespoke modified Defenders[/caption]
He bought 239 Defenders in 2015[/caption]
He stores them in a secret bunker in an undisclosed location[/caption]
Charles said: “I guess you could directly attribute £50million to £60million turnover that’s been achieved off the back of them, probably more.”
When the vehicles were ordered, each new Land Rover Defender should have cost between £26,000 to £33,000, depending on the model and specification.
However, he said he negotiated a 14.8 per cent discount on the 239 vehicles, paying around an average of £22,600 per Defender.
Charles stored the vehicles away in his bunker at an undisclosed location, and patiently waited for their value to skyrocket.
And skyrocket they did, with wealthy customers now willing to spend up to £220,000 on the custom-made models.
Charles claimed he has now sold 210 of the Defenders, and confirmed that there are still some in storage.
Reflecting on the order, Charles said that in the grand scheme of global business where companies spend billions, it was a “tiny little deal”.
Charles said: “We’re just Land Rover enthusiasts in North Yorkshire who build cool stuff, have some amazing customers and just love what we do.
“To be able to grab that delivery of vehicles was phenomenal for us as a tiny business. It’s right up there with the best financial decision of my life.”
Charles added that he is keeping some of the cars back for his own collection.
The motor enthusiast said: “We’ve stored them, serviced them, cleaned them, covered them; we’ve looked after these things for 10 years and now I’m kind of attached to them. They’ve always been around, you know?
“And in reality, they’re better than money in the bank.
“If I could have kept 120 or 150 of them I would have done because that opportunity was a once in a lifetime – you’re not going to get that twice. All the stars aligned for us to get that order.”
Charles is the owner and founder of Twisted – a company specialising in bespoke modified Defenders.
Charles is keeping some of the 4x4s for his own collection[/caption]
The iconic British motor was discontinued in 2015[/caption]
