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Thread: Car loan

  1. #1
    Member minifridge1138's Avatar
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    Default Car loan

    Hey everyone,

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

    Thanks!!!

  2. #2
    Administrator Evolution1980's Avatar
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    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.

  3. #3
    Member duke94's Avatar
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    Are/can you be a member of a local Credit Union? They offer compentitive rates and are worth checking out.

    Gary

  4. #4
    Car loan Bob Chadwick's Avatar
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    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.

  5. #5
    Member BruceBed's Avatar
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    Home equity loan.

  6. #6
    Don Strausburg
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    Default 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.

  7. #7
    Member minifridge1138's Avatar
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    Capital One was my first idea, but they only make loans for cars made within the past 7 years.

    Thanks for the ideas everyone!

  8. #8
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    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.

  9. #9
    Member Art Jett's Avatar
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    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.

  10. #10
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    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.

  11. #11
    Don Strausburg
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    Default 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.

  12. #12
    Member rvazquez's Avatar
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    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

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    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

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    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!

  15. #15
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    GS Diva's Avatar
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    You might look into J.J. Best. They deal in antique classic car financing.

    Elaine

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


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