Loan to Purchase Musclecar
 

Does anyone know a Lender to help with Financing for a Musclecar.

Never used them, but I recall they were an advertiser in Hemmings for many years.

https://www.jjbest.com/auto-finance/...ssic-Cars.aspx

Mecum advertises this group on their website


https://www.lightstream.com/mecum?ci...sredirect=True

JJ Best has been around forever, but the people I’ve seen use them were never sure if the money was a”go” until the last minute. Putnam Leasing could be an option for you. Best bets are credit unions you have access to. Any lender is mostly concerned about over lending (like loaning $200k against a fake L88) and how hard it is to liquidate if they have to repossess (towing and wholesaling 3 year old Camrys is easy- grabbing your 409 Bel Air and marketing it, not so much.) Bringing a good third party appraisal that authenticates the cars pedigree and explains the market a bit might help a lender make a decision to say yes. When in doubt, they say no.

There is a few guys in New Jersey that handle loans. There names are Tony and Big Phil,they hang out at the Badda Bing!

----If you don't already have a home equity loan it may be a good choice. The interest is deductible still (I think) and generally all you have to do is pay the interest monthly. I have done this in the past when I wanted to buy a car to sell or knew that cash was coming in soon......Bill S

suntrust
 

I used them several years ago very easy to deal with good business.

How YOU doin'?

If you have a 401K use the loan feature and pay yourself back the interest and you can do it at around 4% right now. best of both worlds. Can only boorrow 50K or half of your balance,which ever is lower ...

Woodside Credit is big into collector car loans and super easy to work with. I just sold a car last week where the owner used Woodside.