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Thread: Classic car financing?
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11-30-2007 #1
Classic car financing?
Anyone have any good places to get loans on classic cars? I have awesome credit, spotless and close to the 800range, and the only debt I have is my mortgage and two car loans that only total about $10k combined. One of them will be paid off within 6 months.
I should have about $7500 after it is all said and done with selling my 79 SE TA and getting rid of everything 2nd gen related with it.
I am hoping to find a decent driver 1st gen for around what I've got, but if I find a good convertible for more I am thinking about financing the rest so I have something I am happy with.
Can anyone point me in the right direction?
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11-30-2007 #2A home equity line of credit.
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/
11-30-2007 #3I can get a better rate through financing though, and I would pay it off quickly. My standard deduction is bigger than itemized, so tax deductible interest is no help to me.
11-30-2007 #4A line of credit you can pay off when ever and use when you need it. Only pay when you are borrowing.Up here in the north they have some of the lowest interests rates associated with them. No- not as low as dealer financing numbers but those are incentives to sell you a slow moving car.
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/
11-30-2007 #5




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