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Member
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Nov 30 2016 11:09am
has anyone done a classic car loan before?
or should I just use cash to buy? I'm considering buying my first classic this winter.
Member
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Nov 30 2016 11:18am
Much easier to just use cash but there are a few companies out there that specialize in classic car loans.

Just do a google search
Member
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Nov 30 2016 03:18pm
Cash is always king. But if it's not to much you can get a personal loan from the bank iirc. It's how my uncle got his 76 cutlass
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Nov 30 2016 03:25pm
yeah, it's easier* to take a personal loan.







*as tears said, if it isn't too expensive originally.
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Dec 1 2016 08:32am
I looked into it before. the interest rate is high.

They quoted me like 6.99%.... and have 780-800 credit score.

I ended up just borrowing from my 401k where I paid 2.5% interest to myself.

Member
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Dec 5 2016 10:32am
thanks fellas,
still on the fence about it.
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