how do people get loans for antique cars

State Farm defines classic cars as vehicles with historic interest that are between 10 and 24 years old and classifies similar vehicles as antique cars if theyre 25 or. We offer loans from 6000 to 1000000 on collectible vehicles from the Brass Era to modern muscle and sports cars of.

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Do Classic Car Dealerships Provide Antique Car Financing.

. As with any loan the lender will want to make sure youre not a borrowing risk. Best Banc and Co Woodside Credit and Dupage Credit Union all specialize in classic antique and exotic vehicle loans. There are lots of others like them.

Check online or ask your friends who have financed their dream cars. Since our inception 18 years ago our high-touch and high-tech approach helps get borrowers the drivers seat. Whether this is your first classic auto loan or if youve had one before you know how difficult it can be to find a lender.

Once you qualify or pre-qualify for an antique car loan the next step is to find and determine the value of the antique car you want. The loan money is out there somewhere. Woodside Makes Antique Car Financing Easy.

Is the oldest and largest financier of classic and collectible cars trucks and SUVs as well as both classic and modern boats. According to the Insurance Information Institute you might need specialized insurance if you own an antique or classic car typically 25 to 30 years old hotrods muscle cars and classic trucks. They will likely offer you a short term loan usually a max of 36 months and a high interest rate up to double the cost of a new car loan.

-May 26 2016. This saves you time at the dealer and gives you the power to negotiate your best dealfrom any dealer. Make sure your credit is in order.

Whether youre looking to get behind the wheel or show off a presentation piece Woodside Credit makes it easy to finance antique cars. A bank might approve your loan if youre lucky enough to work with a collector car enthusiast who understands your passion for older cars. What determines an antique cars value.

Best Banc Co. Classic car loan companies are a great option for financing your car. SunTrust Classic Car Loans offer competitive interest rates and flexible terms.

Be a cash buyer and get any used car you want from any dealer. If you have good or excellent credit youll have a better. In most cases classic car dealerships will have to provide antique car financing because they are the only people who understand the value of the classic you are financing.

And most dont understand the difference between a collector car and a used car. Also the loan officer may not understand the classic car market. You choose your funding date and you can even have.

The CarsDirect editorial team is dedicated to providing our readers with the latest on new and used cars expert opinions on which vehicles make the grade and all the fun stuff in between. Youre in control of the loan process with LightStream. Companies such as JJ.

Answers to these types of questions will help you find the antique car of your dreams. We can fund your loan as soon as the day you apply. We deposit funds directly into your account.

Thanks to our years of experience we are able to offer fast and convenient financing with low rates and long terms. Let us help you drive the dream. Simple Steps from Application to Loan Funding.

Its easy to apply and fast to. Its easy to apply and fast to get access to your funds. Most financing is set up to deal with late-model new or used cars and as such they are set up to use the intrinsic value of the vehicle as.

You may also get denied outright because the bank doesnt finance cars past a certain age.

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