Car loan

[minifridge1138]

Hey everyone,

I was just wondering if anyone knew of a good place to get a car loan for antique cars?

Thanks!!!

 

[Evolution1980]

1) Family.
2) Bank. Depending on the value of the car, you simply use it as the collateral.

I got my car with a loan from the bank.

 

[duke94]

Are/can you be a member of a local Credit Union? They offer compentitive rates and are worth checking out.

Gary

 

[Bob Chadwick]

I couldn't get a car loan on my car with near perfect credit. I was told that you would get an unsecured personal loan and looked elsewhere.

 

[BruceBed]

Home equity loan.

 

[Don Strausburg]

Car Loan

If you have really EXCELLENT credit Capital One is probably the easiest to get a loan for a collector car. You can go on line to apply and they get back to you really quick, Sometimes within fifteen minutes. Check it out.

 

[minifridge1138]

Capital One was my first idea, but they only make loans for cars made within the past 7 years.

Thanks for the ideas everyone!

 

[entropy454]

I'm i the same boat as you. Though I have about 70% cash of the idea total Im looking at for a car. Ive asked my credit union and they also said, no car loans for cars older than 7 years. I could get a home equity loan , for 2% more interest, which came out if I remember right, to 5%.
Thats not to bad, and will be probably what I go with.

 

[Art Jett]

If you have a 401K at your work you can borrow against it and pay yourself back plus the interest goes to you instead of some bank.

 

[Crimson Thunder]

My credit union offers a classic car loan. Easiest loan i ever got. They didn't need an apprasial or anything,just wanted a picture of the car.

 

[Don Strausburg]

Car Loan

Not true about capital one not maling a loan for a car over seven tears old. They financed me on my 1964. I put very little down.

 

[rvazquez]

if you are a homeowner, have a credit score of over 700, you could try Hagerty collector car financing(the same company that does the insurance) just go to their website for details

 

[baxsom]

can you in any way shape or form join USAA.
when i asked them about a loan for my 72 BB they told me that for that car they could loan up to 50K for it.

they said they use the NADA for loan pricing

 

[Vette Gal]

For my next dream car, which is a 59 Cadillac Eldorado Barritz Convertible, I guess I might have to buy a Lotto Ticket...........loans in Canada are amazing, the banks just love giving you money here!

I would have thought the US would be the same or even better! Sorry couldn't help you out!

 

[GS Diva]

You might look into J.J. Best. They deal in antique classic car financing.

Elaine

J. J. Best Banc & Co. - Classic Car Financing