Classic car financing riviews 2017 – I have been thinking recently that my pleasure automobile that is next may be old enough that I will not be able to fund it through the normal routes. I have got lots of local credit unions that can fund old(er) automobiles at low rates, although not actually things in the “classic” classification. But hark! There could be a sound choice accessible.
The primary result after I googled ‘classic auto lending’ brought me. LightStream is the on-line lending arm of SunTrust bank. They’ve some pretty powerful stuff, like:
My personal experience with LightStream found myself with some spare time, I had been at the center of shopping for my Grand Cherokee and is back last December. Therefore I can not comment on details of really having loan but I was approved by them for an exceptional rate.
I looked into the LightStream classic auto lending to see exactly what the price is. They have got some pretty dang appealing rates.
There is a disclaimer to such conditions:
The lowest rates need exceptional credit and are for LightStream’s unsecured loan merchandise. In case your application will not qualify, perhaps you are eligible for our auto loan that is guaranteed.
No prepayment penalties, no paperwork, no liens or fees — only a simple and quick approach to fund your car purchase that is classic, with all the influence of a cash buyer, you are in control and since the money have been in your account.
Our Guaranteed Auto Loan Option: It’ll incorporate several added measures for titling, and you can nevertheless purchase any car that is classic . As with our loan that is unsecured, you will have extraordinary customer care and an easy, streamlined loan procedure.
The two of those sound like they may be great. Having no lien on the automobile seems extremely great. But I wished to see the things they meant by’ credit that was outstanding,’ if it was only something different or your credit rating. Until I got to the component, their definition was fairly normal:
When I applied for the loan on the Grand Cherokee through LendingTree, they did not ask me anything about savings. If on a classic car loan perhaps they might inquire. I dunno.
So overall, this appears that it could be a fairly strong choice for anyone people who need to purchase an older car, and have outstanding credit and a few money in the bank but can not always simply pay cash.