Classic Car Financing Made Simple
Financing Cars is Quick and Convenient
Full Service
We handle VIN verification, set up an inspection if needed, and facilitate all of the paperwork.
Flexible Credit
We are able to consider buyers with previous bankruptcies, foreclosures, and repossessions.
Fast Approvals
Once you fill out our secure credit application, our team works to get you a lending decision.
Low Payments
Some of our lenders will finance terms up to 144 months with no pre-payment penalties.
how Financing works
Low payments for every niche
Types of Auto Loans
Secured Auto Loans
Secured auto loans are loans where the vehicle itself serves as collateral. If you fail to make the loan payments, the lender has the right to repossess the vehicle. Secured loans generally have lower interest rates compared to unsecured loans because the collateral reduces the risk for the lender.
pros- Lower interest rates
- Access to higher loan amounts
- Potential for better terms
cons- Risk of repossession
- Required collateral
- Potential for negative equity
Unsecured Auto Loans
Unsecured auto loans do not require collateral, but they typically come with higher interest rates compared to secured loans. Lenders evaluate your creditworthiness and income to determine your eligibility for an unsecured loan.
- pros
- No collateral required
- Simpler application process
- Flexibility in vehicle choice
- cons
- Higher interest rates
- Stricter eligibility criteria
- Lower loan amounts
Car Leasing
A classic car lease is a financial arrangement in which a classic or vintage vehicle is leased to an individual or business for a predetermined period. Unlike traditional auto loans or financing, a lease allows the lessee to enjoy the benefits of driving a classic car without the long-term commitment of ownership.
- pros
- Lower monthly payments
- Ability to drive newer models
- Reduced maintenance and repair costs
- cons
- No ownership equity
- Mileage restrictions
- No customization options
Prime Auto Loans
Loans offered to borrowers with excellent credit scores. Traditional banks, credit unions, and reputable lending institutions typically provide these loans.
- pros
- Lower interest rates
- Higher loan amounts
- Favorable terms and conditions
- cons
- Stringent eligibility requirements
- Limited availability
- Competition for prime rates
Subprime Auto Loans
Subprime auto loans are for individuals with credit scores below a certain threshold, typically around 620 or lower. These loans may have higher interest rates and stricter terms due to the higher risk associated with borrowers in this credit category.
- pros
- Opportunity for financing
- Access to vehicle ownership
- Rebuilding credit history
- cons
- Higher interest rates
- Potential for predatory lending
- Limited options for vehicle selection
