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.
Customers can also take out title
loans on classic cars.
LoanMart does do
loans on classic cars but there are certain qualifications that deem cars «classic.»
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.
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.
Not exact matches
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.
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.
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.
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.
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.
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 %.»