financing options
Thread Starter
Burning Brakes
Joined: Jul 2000
Posts: 965
Likes: 74
From: Fayetteville N.C
Had a heart attack last year and was brought back
from the other side. I`m not worried about that.
Besides i`m cash poor.
Tech Contributor
Joined: May 2005
Posts: 15,576
Likes: 118
From: Conroe Texas
I once used J.J. Best Banc. No issues. A car inspection was required to secure financing. They selected, coordinated, amd sent the inspector. Rates are higher than a regular bank (but my regular bank doesn't do classic car loans), but the rate didn't matter much to me since I paid it off in a few months. Sometimes timing, desire, and opportunity align when you rather they didn't, and financing can have a place if used appropriately.
Safety Car
Joined: Sep 2009
Posts: 4,142
Likes: 24
From: Simcoe Ontario
Lifes short.
Had a heart attack last year and was brought back
from the other side. I`m not worried about that.
Besides i`m cash poor.
Had a heart attack last year and was brought back
from the other side. I`m not worried about that.
Besides i`m cash poor.
Last edited by vt65; Jul 14, 2012 at 01:58 PM.
Thread Starter
Burning Brakes
Joined: Jul 2000
Posts: 965
Likes: 74
From: Fayetteville N.C
I once used J.J. Best Banc. No issues. A car inspection was required to secure financing. They selected, coordinated, amd sent the inspector. Rates are higher than a regular bank (but my regular bank doesn't do classic car loans), but the rate didn't matter much to me since I paid it off in a few months. Sometimes timing, desire, and opportunity align when you rather they didn't, and financing can have a place if used appropriately.
last year. Still have 2 sitting beside me as I type this.
I`ve got my eye on a beautifully restored `65 Conv.
No issues at all 327-300 4spd, 2-tops @ $55.k
Do I need it no, I currently have a `08 Z06 with just 13,000 miles.
I`m for sure an addict!
Burning Brakes
Joined: May 2003
Posts: 1,035
Likes: 9
From: Hernando Beach Fl
Credit union's.
I just checked Pentagon Federal Credit Union, 1.99% There is some stipulations.
When I had financed my 64 thru them, they asked for pictures of:
Four corners
Motor
Interior
Odometer (had to be under 100k, it showed 33812.
My home equity loan is 3.25% adjustable just for FYI.
I don't see the advantage of the tax write off overcoming the interest difference and I do believe rates will rise in 2013.
I just checked Pentagon Federal Credit Union, 1.99% There is some stipulations.
When I had financed my 64 thru them, they asked for pictures of:
Four corners
Motor
Interior
Odometer (had to be under 100k, it showed 33812.
My home equity loan is 3.25% adjustable just for FYI.
I don't see the advantage of the tax write off overcoming the interest difference and I do believe rates will rise in 2013.
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Pro
Joined: Apr 2011
Posts: 686
Likes: 6
From: Suffolk Virginia
I once used J.J. Best Banc. No issues. A car inspection was required to secure financing. They selected, coordinated, amd sent the inspector. Rates are higher than a regular bank (but my regular bank doesn't do classic car loans), but the rate didn't matter much to me since I paid it off in a few months. Sometimes timing, desire, and opportunity align when you rather they didn't, and financing can have a place if used appropriately.
I did the same thing last year with JJ Best. I really didn't think the rate was that much higher but I really don't remember. Then I just paid it off after a couple of months. I like that better than home equity loans since the real estate values are so unstable.
