Classic Car Financing and Restoration Loans
Online options for obtaining classic car financing or restoration loans are the best.
Classic Car Restoration Loans
If you are buying an older classic car and need a restoration loan we will review some good options below.
The cost of doing this can be in a fairly wide range. Depending on the year, make and model you will find varying conditions and costs.
You may also just want to make the car look nice and run well as a daily driver. This is much different than getting a car show ready.
Either way an online personal loan can provide you with the cash you need up to $40,000. Getting approved will be based on your credit and these are unsecured personal loans. This just means that the car will not be held as collateral for the loan.
Classic Car Financing Loans
If you are not wanting to go through the process of buying a classic car and doing a restoration here are some options.
One of the best places to search for classic cars for sale is Autotrader.com.
You can find all types and models of classic cars for sale on the site such as Chevrolet, Ford, Dodge, Oldsmobile, Pontiac, Chrysler and even Jaguar, Porsche and Lamborghini.
If the car you want to buy is less than $40,000 an online personal loan can be a great way to get the money to buy your classic car.
This will also depend how much cash you have in your bank. When you need more than $40K for a classic car, you can apply for classic loans with LightStream. They have classic car loans up to $100,000 if you need that much.
Where Can I Get The Best Personal Loans?
When looking for classic car financing or restoration loans, online personal loans can be the best place to start. One of the reasons is that the process is simple. Once you get approved your money is direct deposited in your account. This makes it easy to then just buy the classic car outright with cash or get your restoration project started.
Peer-to-peer lenders have become extremely popular. Their online platforms simplify the process of applying and getting approved. The loans are also funded by individual investors who actually fund the loans. These are unsecured fixed rate personal loans up to $40,000.
If this sounds like a good option for you just visit LendingClub.com
Another great option for applying for a personal loan is through a lending network. You will just fill out 1 easy form and then will have access to multiple lenders in their network. To utilize this option you can visit PersonalLoans.com
Classic car restoration or just buying a classic car can be a life changing event. It is also fun if you love cars and enjoy the beauty and enjoyment these car can bring.
We hope these options will get you behind the wheel of your favorite classic car. If you are getting started on a classic car restoration project, good luck!