Author Topic: Calling all financing experts on classic car financing  (Read 447 times)

Offline RzeroB

  • Sr. Member
  • ****
  • Posts: 1496
  • In The Lou and looking for a new (old) ride
Calling all financing experts on classic car financing
« on: April 05, 2013 - 11:19:21 PM »
As you know, I've been away from the hobby for a while and I'm now looking to get back in. I'm looking around, seeing what's out there and getting a feel for where the market is now. Sticker shock is one of the things I'm feeling right now. You need a serious pile of beans to play in this hobby now. So much so where it almost makes financial sense to, I almost dare not say it, switch allegiances to "brand X" cause you can get a really nice ride for a less beans. Of course I want to stay with the Pentastar so I'm not there yet, I'm just saying.

So I have some money saved up but I'm thinking I may need more. So after searching this board for threads on financing I found and almost thought about resurrecting this thread:  http://www.cuda-challenger.com/cc/index.php?topic=21042.msg208494#msg208494  cause there was some good info in there but it was six years old. So I'm looking for some updated information. I don't know how you guys acquired your cars but some of you I'm sure financed them somehow. Not all of you could have bought your cars back when they were cheap and held on to them all these years or are so well healed that you just pay cash! So the old aforementioned thread refers to JJ Best and Hagerty as companies to check on for classic car financing - are there any others that you guys have used and are satisfied with? I would appreciate any and all inputs and insights on this subject so I can use what you guys have learned and use it to make an informed decision. Thank you in advance for your time and attention to this subject and I look forward to hearing from you guys. 
Cheers!
Tom
St Louis, MO

Former owner of 16 classic Mopars. "It is better to have owned (Mopars) and lost then to have never owned at all" (apologies to Alfred Lord Tennyson)




Offline chongo25

  • Jr. Member
  • **
  • Posts: 230
Calling all financing experts on classic car financing
« Reply #1 on: April 05, 2013 - 11:44:56 PM »
I went through my credit union (SAFE) it was easy and all they look at is debt to income ratio. In sure other places are like that too. I heard usaa does it too if you are a member. Those are the only two places I know of for myself to finance through.  My insurance I went through this time was American Collector. It was about 120 bucks cheaper than Haggerty and I got more miles per year to drive.

Offline RzeroB

  • Sr. Member
  • ****
  • Posts: 1496
  • In The Lou and looking for a new (old) ride
Re: Calling all financing experts on classic car financing
« Reply #2 on: April 05, 2013 - 11:50:56 PM »
I too am a USAA member so I will have to add them to my list of financing companies to look into. Thank you for your input.
Cheers!
Tom
St Louis, MO

Former owner of 16 classic Mopars. "It is better to have owned (Mopars) and lost then to have never owned at all" (apologies to Alfred Lord Tennyson)

Offline chongo25

  • Jr. Member
  • **
  • Posts: 230
Calling all financing experts on classic car financing
« Reply #3 on: April 06, 2013 - 12:16:02 AM »
No problem.

Offline RzeroB

  • Sr. Member
  • ****
  • Posts: 1496
  • In The Lou and looking for a new (old) ride
Re: Calling all financing experts on classic car financing
« Reply #4 on: April 08, 2013 - 06:31:20 PM »
Bumpity-bump back to the top. C'mon now, I need some help here from the collective C-C.com brain trust. Throw me a bone and enlighten me as to what you know about classic Mopar financing options. All of you guys could not have paid cash with Chongo being the only guy to finance a car. :grinyes:
Cheers!
Tom
St Louis, MO

Former owner of 16 classic Mopars. "It is better to have owned (Mopars) and lost then to have never owned at all" (apologies to Alfred Lord Tennyson)

Offline MEK-Dangerfield

  • C-C.com Expert
  • ********
  • Posts: 20946
  • I don't get NO respect! Member since 1/25/2002
Re: Calling all financing experts on classic car financing
« Reply #5 on: April 08, 2013 - 06:47:23 PM »
I used J.J.Best.  I think they will let you take the loan out for 10 years if you have to.

   https://www.jjbest.com/default.aspx?Source=4124 

     

Mike

1970 Challenger - SOLD
2016 SXT+.  1 of 524 SXT+'s in Plumb-crazy for 2016.