Who doesn’t dream of owning the coolest vintage car? This is something that interests many men and on this site Good Finance looks more closely at your opportunities to obtain funding online. Financing a vintage car will often differ from the regular car purchases and affect your loan options.
Especially if they are bought for hobby use, which is the case for many. Usually, the bank, car dealer and loan companies online are your three options. On the web, the application process of the providers will be simple and straightforward, without having to explain the purpose.
Apply for a vintage car loan online
All applications are free and non-binding.
When you borrow money, the purpose is generally of great importance. Especially when you have to persuade the bank. Veteran cars are purchased primarily at private or used markets. It can be physical used markets or through websites.
Either way, this means that your normal car dealership financing will disappear. It also means that many banks we consider it a consumer loan. It puts higher demands on you as a borrower when you have to repay them. Unless the car has a special value and can be considered a good investment.
For many, it will leave you with one primary loan option; the providers online. Here they do not interfere with the purpose and you can borrow up to 350,000 dollars. That should be enough to fund all the models you are interested in.
At Good Finance, we always help you get started if you choose to apply for a loan online. Through our listings you get a good overview, which is the basis for finding the cheapest loan. We can help you whether you are looking for money for a new car, bicycle or caravan. Purpose has no influence.
The price level of vintage cars
The price level of vintage cars fluctuates extremely much and if you are considering buying one, you probably already have a really good insight. We have analyzed the market online ourselves and here Good Finance gives a good picture of the spread.
At Good Finance you can find models for anything from 2,000 to 320,000 USD. It involves vintage from 1915 to 1989 – thus generally old cars, but with many years difference.
There is no doubt you can make a really good deal if you research the market. If you already have the perfect model on your hands, you can start lending money to it already. Apply online through us or talk to your bank advisor.
We always recommend that you obtain loan offers in both places to keep your options open.