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Thread: Advise on buying car, please
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08-20-2007 #1
Advise on buying car, please
I found a great PT project car but, I need a loan to buy it. Where is the best place to get a good classic car loan?
It’s an old Mustang Mach 1 in fair shape with hardly any rust & needs a little TLC. He’s only asking $6500 so I’d only need to borrow $5000.
Also, should I put the title up for collateral?
Thanks for you help,
Chris
~Chris
1973 Mustang SportsRoof
1985 Camaro Z28 Totaled, 1985 Camaro Berlinetta SOLD, 1989 Camaro RS SOLD, 1985 Corvette SOLD, 1969 Camaro Pro-Street SOLD, 1955 Chevy PU 1st Series SOLD
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08-20-2007 #2Maybe you should save, wait until interst rates climb a bit more and buy your toy off some guy who can't afford to pay his loans and mortgage. Toys are the first to go.....
Dave
FUeL 69 Camaro RS BuilD by G-Force Design & Concept
68 Corvair coupe
65 Impala SS
64 Corvair Rampside
62 Corvair Greenbrier
Asst. daily drivers
http://www.sourceboards.com/
08-21-2007 #3A buddy of mine swears by Eloan.com. Never tried it myself, but they aren't picky about what you buy as long as it's a vehicle, so he claims.
Dave
1969 Camaro RS/SS.....coming together slooooooowly
1977 Trans Am, 455, auto, mostly stock...for now
1981 Z28 project, t-tops, currently on the back burner
08-21-2007 #4BUDDAH BODY GUARD GuestJJ BEST I THINK IT IS WWW.JJBEST.COM THEY SPECIALIZE IN COLLECTOR CAR FINANCE AND YES YOU WILL HAVE TO PUT UP THE TITLE IF YOU GO TO A FINANCIAL COMPANY
Originally Posted by Benoit23
08-21-2007 #5capitolone.com They did my camaro, and they also did my father in laws 1989 grand wagoneer!! for 14,000 ( I told em he was nuts.)
Justin, 68 Camaro Update:5 speed is in and neighbors are pissed!
08-22-2007 #6Thanks for all your help guys, I got the money taken care of.
I’ve got another question for you guys, If the car is solid but the motor is ready to expire, what do you think is the top dollar price I should pay?
Here’s the deal;
The only thing I gotta do now is drive out to look at the car to see if it's everything he says it is. He says the 302ci motor smokes & I also realized it's not a Mach 1, it's a clone. The good thing is that it IS the body style that I'm looking for. What I really want is for the car to have a good solid chassis & body (which he says it has).
It’s a 73 Fastback Mustang. I know this is not everybody’s cup of tea but, it is one of my favorite Muscle Cars. Even if you don’t like this particular car imagine if it were the year, make & model (diamond in rough) that you were looking for give me a fair unbiased estimate on what you would consider paying if you were in my shoes.
~Chris
1973 Mustang SportsRoof
1985 Camaro Z28 Totaled, 1985 Camaro Berlinetta SOLD, 1989 Camaro RS SOLD, 1985 Corvette SOLD, 1969 Camaro Pro-Street SOLD, 1955 Chevy PU 1st Series SOLD
08-22-2007 #7
Starting The Transformation
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low ball him drop 1500 -2000 and see if he'll negotiate. have the cash on hand, he might take it.



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