| Generally cars above 15 years old are classified as | | | | finance, let us look in detail whether you can afford |
| 'Classic', those above 25 years as 'Antique' and even | | | | an antique car or not. If you think you can afford an |
| older as 'Vantage'. While possessing antique cars is a | | | | antique car, the next step is to check and determine |
| matter of pride and sort of a prestige symbol for its | | | | the value of the antique car you wish to buy. Make a |
| owners, safe guarding it is as important as owning | | | | little research in the history of the antique car. You |
| the vehicle. Owning an antique car is in most times as | | | | also have to check for any alterations and flaws as |
| costly or more than owning a new car. This is | | | | these changes will make noticeable change in the |
| because there are many people involved who are in | | | | value of the antique car. Also determine the antique |
| the passion of collecting antique cars. It is where | | | | cars status and how much it is worth if you resell it in |
| antique car financing comes handy. Nowadays antique | | | | any later stage. All these things are vital in securing |
| car financing are provided by many lenders; you just | | | | antique car financing. |
| need to search for the best type of loan which suits | | | | Theses are some of the basic facts an antique car |
| your needs. | | | | enthusiast must be aware of about antique car |
| Antique car financing is offered to any individual who | | | | financing. Antique car financing is offered for a |
| has excellent credit, at the submission of valid income | | | | minimum amount of $6,000. Most lenders need the |
| certificates. This doesn't mean that you will not get | | | | minimum purchase price of the antique car to be |
| an antique car loan if you are a self employed who is | | | | $7,000. Based on the loan amount and credit profile |
| not able to produce income statements to prove | | | | the loan period generally ranges from 60 to 84 |
| your income. Now there are number of money | | | | months. The interest rate will also vary according to |
| lenders who specialize in antique car financing. Most | | | | the loan amount and term. |
| antique car financers need you to put down at least | | | | With the advent of internet you can now apply for |
| 10 percent on the purchase price of the antique car. | | | | antique car loan through internet. There are numerous |
| In most cases the lending terms, interest rates and | | | | websites which offers antique car financing. Search in |
| down payment will be based on a borrowers' credit | | | | the internet for the best deal available today. Before |
| profile. | | | | choosing any antique car financer you must compare |
| For many antique car enthusiasts, owning an antique | | | | different money lenders loan terms, interest rates |
| car is a memory, a hobby, and sometimes an | | | | and payments. |
| investment also. Before applying for antique car | | | | |