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Financing
Financing a classic car or truck can differ greatly from financing a new vehicle, especially if the vehicle is rare or heavily customized. These companies specialize in auto loans for classic cars and trucks. They understand that collector vehicles are not the same as daily drivers; they offer flexible loan terms as long as 10 years or more, low fixed rates, and many of them can pre-qualify you for auctions.
Financing Tips
Things to Consider When Selecting a Finance Company
- Can you get a car loan for an older vehicle? If so, how old?
- Are there any fees associated with the car loan application or funding?
- Will your privacy be protected and your personal information kept confidential?
- How much money can you borrow?
- What is the interest rate? How is it calculated? Is it fixed or variable?
- What are your term options for the loan (e.g., how long do you have to pay off the loan)?
- Once you get approval for the loan, how long do you have to make the purchase?
- Are there any prepayment penalties or late fee charges?
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