Scrrem

This is what I did though my local credit union. Most want pictures of the car to ensure it's not a Junker. I put half down and work out great.

pigfarmer

When I financed my bike in 2004 the salesman at the dealership suggested a local credit union. He was right.The rates and fees were so much lower than the local bank at the time that not only did I get the loan there but moved all my banking over too and am still using it. Worked out pretty good for me so maybe it's worth a look

vettebuyer6369

I had no luck with my work credit union. I had checking and savings accounts there and obviously they were exposed to my long work history and salary.

I remember many years ago I found a great buy on a ‘63 convertible in Ohio, but I needed to go get it quickly because the seller was getting a lot of calls. I called the CU first and went down there after they said they could expidite the loan. Upon arrival they said their “board” denied the $10k loan because it was “unreasonable for a ‘63 Chevrolet.” I asked if they had anyone working there that had some sort of clue what we were talking about, and they got pretty snotty.

I had to buy the car by using credit card convenience checks because I needed the money right away. After returning from Ohio I closed my accounts at the CU. I eventually sold the car for $36k.

69_Shark

I've been treated very well purchasing used cars using credit unions.
+1 for credit unions!

Banks were far more difficult cost of the loan wise.

Scott

7T1vette

If I were a lender, the only way I would loan money for a "classic" car (one which had a higher actual value than its black book listed worth) would be if the buyer had "Agreed Value" insurance on that car...and the payout for a claim would come to ME.

Otherwise, I'd be stuck with a heap of glass/metal and a worthless title if the owner had a major accident.

Stevelovescars

I had great luck with LightStream. I could have paid cash but at the time, the loan was less than 3% APR and I figured my cash could go further elsewhere. The process is entirely online so there is nobody to talk to, but it was cheap money and it was quick. I applied and had the cash in my bank account the following morning.

Hagerty has some links to collector car loan companies, including LightStream, here: https://www.hagerty.com/finance/clas...tial-providers

radioguy

I used JJ Best Bank also. They were very easy to deal with. Got approval for X amount over the phone and they sent all the paperwork right out. When I found the car there was some paperwork exchanged and they sent the check to the seller. I got approved for more than I spent so the loan was for the actual amount borrowed.

They were very easy to deal with the entire time. I have zero complaints with them and would easily got that route again.

BTW, I bought my 71 LS5 Coupe through them.

LeeS

Woodside Credit Amazingly low payments as well. Search for 80 Corvettes then click the insurance payment link on the page. This one is $16,995 and the payment is only $254.
Don't think it has to be a Hemmings car and I've never done it with them but have talked to them and it sounds easy and cheap.

https://www.hemmings.com/classifieds...e/2084145.html