Because
classic car loans are often larger than regular car loans, longer repayment periods may be available from lenders to help reduce the monthly impact on your wallet.
Furthermore,
classic car loans will typically require a good credit score and a higher down payment than regular car loans while offering longer loan repayment periods.
Due to these factors, you will most likely need to seek out lenders that specifically offer
classic car loans (they do exist!)
If you don't have the cash on hand, or even if you do but would rather finance your car, you may run into some problems when trying to get
a classic car loan.
Sam Olmsted, a consultant for Superior Honda, says, «To mitigate this risk, (
classic car loan) lenders often require a larger down payment on classic car loans that ranges from 10 % to 20 %.»
Not exact matches
If you live in Pineville, North Carolina or any or the surrounding areas, stop in and let the
Classic CDJR Pineville credit assistance team tailor a
car loan that can satisfy your every need today.
Our knowledgeable sales staff at
Classic Chariots, of Vista can help you figure out which one of our wide selection of vehicles would best suit your lifestyle and automotive needs, while at the same time, our financial analysts are around to get you the most affordable
car loan near Oceanside as possible.
The Finance Department at
Classic of Madison is here to help get you a great deal on a new or used
car loan in Madison, Ohio.
Classic's finance experts work with various financial institutions to get you a great deal on a
car loan or lease for a Chrysler, Jeep, RAM or Dodge in Madison.
LoanMart does do
loans on
classic cars but there are certain qualifications that deem
cars «
classic.»
Customers can also take out title
loans on
classic cars.
New and used autos, motorcycles,
classic automobiles, small business commercial
cars... If it has wheels, we probably do a
loan for it.
LoanMart's expert representatives will help you determine if your
classic car qualifies you for a
loan.
We accept all types of
cars including
classic and vintage vehicles for auto title
loans.
Aside from these lenders, another option is to take out a home equity
loan and use it to buy your
classic car.
Classic cars can have a lot of value in them which makes them prime options, in many cases, for title
loans.
As I said earlier,
classic cars can also be very expensive, which means a large
loan is required.
As long as you have a verifiable source of income we may be able to approve you for a title
loan on your
classic car.
The process of applying for a
car title
loan with a
classic car at LoanMart is nothing short of simple.
While getting a
loan for your
classic car may be a little more tricky than getting a
loan for a new or used
car, it is possible.
Whatever your vintage ride may be and whatever your situation, we at LoanMart want to help you understand
car title
loans on
classic cars and how this may be able to benefit you.
Suppose you have a well - maintained
classic car in your garage that's suddenly looking like a good opportunity for a
loan collateral, and you have your regular
car that you drive to and from work on a regular basis.
It is wise to remember that even though a borrower may be able to receive a much higher title
loan on a
classic car that might have a lot of value in it does not always mean they should take out a larger
loan.
Getting a title
loan on your
classic car may be the best option if you are looking to borrow a higher amount, as
classic cars can often be worth more than your everyday vehicle.
We are well - aware that owners of vintage or
classic cars do not wish to lose possession of their beloved
cars even if they need a title
loan on it.
Now that you have the perfect method for getting a fast
loan using your
classic car, these is no need to worry!
We will definitely consider
classic cars for an auto title
loan as long as they have value.
Even with a bigger down payment, this
loan type presents a high risk to the lender and requires the lender to have specialized knowledge of
classic cars and their value.
At LoanMart, we accept
classic cars as collateral for auto title
loans.
Classic cars, trucks, motorcycles and utility vehicles can be eligible for a title
loan, while considering the mileage and the age of the engine when determining the equity1.
Different types of vehicles are frequently considered for title
loans, including
classic cars, trucks, and in some areas motorcycles.