Aug 04 2007
Financing Your Antique Car
If you are a car enthusiast, then you may want to set off in search of an antique car. Before you do so though, there are some things that you should know before you go shopping. Not only will this be a great hobby, but if done properly it will also be a wonderful investment as well.
The Age Of An Antique Car
A classic car is one that is more than 15-years-old while an antique car is more than 25-years-old and a vintage car is even older than that. Owning one of these cars is not just a matter of pride, but it is also somewhat of a prestige symbol as well. However, you should know that having an antique car is going to cost you more than a new car would cost you because there are many people who are also pursuing this hobby. This is where antique car financing can come in handy.
Financing An Antique Car
If you think that you can afford an antique car, you will need to do some homework to make sure that you know the real value of the antique car that you want to purchase. You should also know how to look for any alterations or flaws in the car as they will noticeably affect the car’s value. Of course, you will also want to make sure that the car will be worth more money if you should happen to want to resell it later on. Once you do these things you can turn to almost any lender for financing but you will want to take the time to search for the loan that will best suit your needs.
There are many lenders who specialize in antique car financing. All of them will require that you have excellent credit and valid proof of your income. Of course, this does not mean that if you are self-employed that you will not be able to get financing, but you are going to have to be able to produce income statements in order to prove your income. The majority of these lenders are going to require that you put down at least 10% of the car’s purchase price. However, you will want to take the time to look at the terms before you sign any contract since interest rates and down payment may vary from one lender to the next. However, most of the time they will be based upon your own personal credit profile.
Keeping Kids Safe
Â
(ARA) – As a child grows, he or she goes through many stages of mobility. One day they’re crawling, the next they’re walking, and shortly thereafter comes the fascination with wheels sending parents rushing off to the sports store.
Most children start out with a tricycle, then a bike with training wheels which ultimately [...]
Can’t recall the last time you paid less than $40 for a tank of gas? You’re not alone. With prices already topping $4 per gallon in places like Chicago and New York City, and demand expected to rise this summer, you may be willing to try just about anything to curb gas consumption and costs.
“It’s [...]
For most Americans, their car is the second biggest investment they will make in their lifetimes. The average price of a light vehicle is $28,715, according to the Comerica Index. It makes sense to have an annual cleaning ritual to help preserve and maintain your car, just as you undertake regular cleaning to care for [...]
It seems like the kids just started school, but soon you’ll be packing up and hitting the road on your next family vacation. And contrary to popular belief, the weeks leading up to the trip are not the time to start getting your vehicle ready.
A better trigger for that tune-up is the change of season. [...]
Millions of Americans will hit the roads during the warm weather months. Whether they’re in the car on business or vacation, many drivers will likely share two major concerns: how they can reduce the impact their motoring has on the environment and on their wallets.
“Gas consumption – and prices – historically rise with the temperature [...]