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Cjarvis
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#1
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.
JimmyHoud
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#2
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
Weab
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#3
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
OldAndyAndTheSea
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#4
Nov 30 2016 03:25pm
yeah, it's easier* to take a personal loan.
*as tears said, if it isn't too expensive originally.
Favre
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#5
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.
Cjarvis
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#6
Dec 5 2016 10:32am
thanks fellas,
still on the fence about it.
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