Kurzheck

I'm curious. Are there banks that finance old air cooled's like the SC's and 3.2's? Who are they and what are the usual terms?

Babalu95

I got 2.3%. They end up doing non-secured loans. So the car is yours regardless.

https://www.lightstream.com/classic-...140913055143:s

Derek911

Pen Fed will finance any car as long as it's not over 100,000 miles For 5 years. 100,000-125,000 2 years. Need to be a veteran or government employee or family to be a member.

Cheekybird

Yes - most credit unions will for 3-5% interest.

Mr. Merk

I had no problem with my locally owned bank. I think it was like 6.5% up to $21,000 towards my '88

rsabeebe

penfed and lightstream are both good sources with great rates.

rsabeebe

you can also join penfed if you simply open a $5 checking account or something like that. this is how i joined penfed. they make it extremely easy.

kon5t

JJ Best also specialize in classic's

stevebmd

Pen fed has the loan on my 2007 honda odyssey and my 1978 911sc. Rate is hard to beat.

parkerfe

While it may be necessary to finance a DD, never finance a weekend toy.

Opo

Everyone has their own choice when it comes to financing a car , wether is a weekend car or DD

Cheekybird

+1 If banks want to finance my car at 4%, then I have better places to put my money....

stevebmd

I disagree with Parker….my credit union owned me money at 2.49% on my 911sc….why would i ever tie up the capital?

Jlbarnett

Exactly. When someone will loan you money at 2 to 3 percent....it's almost always better than tying up a ton of cash.

Plus with LightStream, they put no lien on the title. You are free to sell easily if needed.

parkerfe

That may be true if you actually have a "...ton of cash..." that you are in fact investing. But, in my over 30 years as a Porsche and Ferrari owner, I have seen too many people finance a week-end toy car because they could not afford to pay cash. By the way, how much cash does one need for it to weigh a ton...and wouldn't that amount depend on the number and/or particular denomination of the bills? A ton of $1.00 bills would be a lot less than a ton of $100.00 bills...and how about coins...they are much heavier.