Various Ways of Financing a Collector Car

Before you purchase a collector car, you ought to know the many methods of financing the car of your desire. Generally, there are several methods of financing a collector car, and here is a quick summary of each of them.


Car collectors are notorious for being extremely wealthy and so money should not be a problem. If you want something expensive and want it fast, cash is the best way to buy the car. However, cash tied up with a collector car loses its liquidity, which you cannot readily use for emergencies.



Leasing provides very affordable rates over a certain period, but the last payments could balloon to incredibly expensive amounts that refinancing may be required to retain the car. Also, leasing does not grant ownership of the collector car, voiding appreciation values.

Bank Loan

Most banks are apprehensive of financing collector vehicles, but if you ever get approved, then just make sure the cost of borrowing is within your means to pay. Most likely, the term for bank loans is short and rate is exceedingly high.

Unsecured Credit

If you have insufficient funds as of the moment but are itching to get that priceless car, then use unsecured credit to purchase the vehicle. However, remember that unsecured lines of credit are very expensive, so you need to find an alternative financing option fast to pay for the car.


A considerable stock portfolio may be used to buy an antique vehicle. Just make sure you have enough in your account when the market fails to cover your payables.


Home Equity Loan

Home equity loan is not only useful for purchase of a house but also for a collector car. The only downside to this is that if you fail to make a payment, then you not only risk losing your car, but also your home.

Extended-Term Financing

Collector car financiers understand the value of collector cars, so they tend to offer lower interest and longer terms for funding classic car purchases. Although money is not tied up with the vehicle, the extended term may become an issue for someone who cannot pay in the succeeding years.

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