Buying question

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Oct 19, 2005 | 11:58 PM

tbiker99

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Instructor

Joined: May 2005

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From: coastal MS

Buying question

I plan to buy a C3 this next spring. I will have about 10K to play with. My question revolves around if I find a car that is really nice for a few G's more, how hard would it be to get a loan on a Classic Corvette? Obviously you all don't know my credit history, but I don't see my credit rating being a limiting factor, it is good. Will anyone loan money against a classic car?

I don't plan to finance, but I just want to know how "open" my options are?

thanks
tom

Oct 20, 2005 | 12:19 AM

Melting Slicks

Joined: Oct 2000

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From: TEXASTEXASTEXASTEXAS TEXASTEXASTEXASTEXAS

St. Jude Contributor

If your credit's good, you can always just get a signature loan and spend it on any damn thing you want.

That said, I financed my '69 when I bought it four years ago. No problems at all.

JB

Oct 20, 2005 | 06:52 AM

KALAWAY

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From: Fayetteville NC

I've seen numerous ads for Vettes for sale on the net where they offered financing as well. Also, there's always a home equity loan and take the interest off your taxes.

Oct 20, 2005 | 04:43 PM

BIGBYRD1993

Drifting

Joined: Jan 2004

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From: Bowling Green , KY>

Cruise-In XI, XII Veteran

NCM Lifetime Member & Ambassador

Also, a few of the Classic Ins. Co. are now offering Loans..

Oct 20, 2005 | 05:22 PM

audiec

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Joined: Feb 2005

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From: Belton Missouri

I have never done it, but I have seen ads for classic car loans. Companies that specialize in (here's my sign) ...

Audie

Oct 20, 2005 | 05:35 PM

chevy69

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From: Chandler Arizona

St. Jude Donor '08

If you have a home, you could always get a home equity line of credit, which is a tax write off and keeps your rate low - you can spend the money anyway you want