can I use my pre-qualification for a classic muscle car

10

Asked by Greg May 12, 2021 at 03:53 AM

Question type: Shopping & Pricing

Can I use pre-qualification to purchase a classic muscle
car?

4 Answers

155,255

I would say probably not. Finance companies don't look at vehicles as collectables. They look at them as a commodity that is used, ages, and discarded for a newer model when they wear out. It becomes more difficult to get financing for a vehicle as it passes the 6 year mark. We literally had a person on this forum asking how to finance a 1970 model collectable vehicle last week. They couldn't get anyone to finance the vehicle even though they were preapproved. A personal loan, home equity loan, or other unsecured loan is the way to go with something like this. Hope that helps! Jim

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Best Answer Mark helpful
10

That's B/S. Thank you Sir 4 you time&knowledge. Too plan Q I go

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Google "Classic Car Loans". You will find a number of lenders.

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155,255

You're welcome! Glad to help! Thank you for the best answer click too! Jim

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