Choice Motor Credit provides the car enthusiast Private Equity Loans and Financing for muscle cars, classic cars, vintage cars, hot rods, exotics and luxury cars. Loans range from a minimum of $10,000 to as much as $500,000 per vehicle.
Classic cars are a great investment if you can afford one. The best place to get a loan is talk to your bank manager to set up an application. There are also places online that provide auto loans such as Hagerty.
A lot of classic cars have titles similar to that. Salvage, modified, or otherwise. No big deal. Where that would be an issue, would be on a new car. A bank will not loan on a "dirty" title. It will have no effect on a classic. Chuck....
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Yes, a car loan is considered an installment loan.
No, it is not possible. Your previous loan must be completed to get a new car loan
Depends on which classic car.
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
(car loan * APR + car loan) / 12/ amount of years. i think
You can find Classic Car Insurance at First National Car Insurance Group, Geico and of course you can find Classic Car Insurance from Haggerty Classic Car Insurance.
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
My Classic Car was created in 1997.
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