Classic Car Financing
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Classic car financing
Financing a classic vehicle has never been easier, and with generous appreciation rates, buying an older car is a rock-solid financial decision. As with any investment, it pays to do your homework. Fortunately, we’ve taken it upon ourselves to compile all the information you need to start your car-buying journey and secure car loans for older cars.
3 steps and you’re on your way
We know finance feels complicated. That’s why we make it three steps, no stress.
1. Apply Now
2. Choose Your Car
3. Sign & Collect
What Is A Classic Car Loan?
You may ask yourself what differentiates a classic car loan from a regular auto loan. In Australia, most secured auto loans have a seven-year limit on the vehicle’s age. Typically, if you want to buy a car beyond that limit, your only option will be an unsecured loan. The high interest from this type of loan will eat deeply into your overall profits, making older cars, by extension, a less desirable investment opportunity.
Classic car finance loans eliminate this obstacle. Treating your vintage car similarly to a normal, secured auto loan will give you access to easier financing and lower classic car interest rates. Getting a classic car loan is an essential step in your buying journey. You’ll need to get in touch with a classic car finance broker to get started.
Can I Finance A Classic Car?
The short answer is yes. You can get unique car finance for collectible classic cars. The longer answer is that it pays to go with a specialised lender. While banks offer high-interest loans (if they can even be convinced to offer a classic car loan in the first place), National Loans Australia offers low-interest loans. Because we deal exclusively with older vehicles, our knowledgeable staff are happy to walk you through each step of the loan procurement process.
Perhaps you have difficulty securing credit through traditional means. Fortunately, National Loans Australia is committed to working individually with you to meet your specific needs. Don’t let your credit situation stand in the way of your dream of owning a vintage vehicle! Get in touch for the best classic car finance in Australia.
Classic Cars As An Investment
According to Investopedia, “classic vehicles, in general, gain in value more than other types of collectibles.” With a red-hot market, there’s no reason not to invest in one. While this investment class requires a certain level of market savvy and technical understanding, the results are worthwhile. With new records being set at classic car auctions, it’s clear that the classic car market is unlikely to drop anytime soon.
How Do I Apply For Classic Car Finance?
Applying for classic car financing may appear intimidating at first glance. It doesn’t have to be! To apply for classic car financing, use the online tool on the National Loans website. You will be walked through a few simple steps to understand your needs better. You will be asked for such numbers as the amount of money you need for the loan and the repayment length. If you don’t know these numbers off the top of your head, you can simply guess and adjust them later as you receive more information. They’ll help get you in touch with a classic car loans broker.
Buying Classic Cars As An Investment
You must do your homework when buying a vintage vehicle as an investment. The make, model, and year are all important factors affecting your car’s resale value. If you’re approaching a classic car as an investment, it’s important to do your research ahead of time. Track historical sales prices for comparable cars. Look at which vehicles have best held their value, and remember that some models are tough sells while others enjoy perennially hot markets. Finally, carefully go over the vehicle paperwork. Find out if it’s original or if it has been restored.
Can I Buy A Classic Vehicle From A Private Individual?
What Is A Classic Car?
At a base level, a classic car is simply a vehicle that is 25 years or older. In practice, they earn the moniker classic due to a high level of appreciation for their style and engineering and age. In the popular imagination, vintage cars bring models like the Ford Thunderbird or Mustang to mind. However, the term encompasses many cars that extend well beyond flashier, eye-catching models like the Mustang. For example, Volkswagen Beetles also fall beneath the classic car umbrella. Classic cars are often divided by the brand, their country of origin, the time period in which they were built, and their model type.
How Do I Value A Classic Vehicle?
Discovering the value of a vintage vehicle is more complicated than simply consulting Kelly Blue Book prices. Due to a variety of factors, it’s vital that you hire a qualified, third-party mechanic to look over any prospective purchase before you make an offer. Hidden defects, incompetent restorations, and heavy road use are all factors that can severely impact a classic car’s resale value. As an investor, you must pay a fair price for your initial investment, as overpaying can affect your future profit margins.
Classic Car Finance Pre Approval
Pre-approval is a vital step in your vintage car purchasing journey. By becoming preapproved, you will know how much you can afford. With this knowledge, you’ll have a much easier time sifting through what’s on offer. Fortunately, getting preapproved for a classic auto loan is easier than ever. with helpful online tools like the classic car finance calculator, you’re just minutes away from being preapproved for a classic car loan.
Apply For A Classic Car Loan
Need older car finance? With secured classic car loans in Australia readily available, a red-hot market, and an intuitive interface, there’s never been a better time to embark on your classic car investing journey. Apply for a tradie car loan today!
Why choose national loans?
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Apply in less than 5 minutes and get your loan pre-approved in as little as 1 hour
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Get access to new vehicles at fleet prices and a large selection of used cars
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At National Loans, we make borrowing simple. As trusted experts in loans and asset finance, we partner with Australia’s leading lenders to secure low-rate loans and fast approvals.
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FAQs
Can you help me find a car ?
Yes, we have fantastic relationships with a large number of car dealers , giving us access to fleet pricing on new vehicles and a large selection of used cars.
Who can Apply ?
How long does the application take ?
This is dependant on your circumstances. After receiving any supporting documents we may need, in most cases we can have an approval in 1 hour.
What if I don’t want to apply for a loan online ?
That’s absolutely fine, give our friendly team a call on 1300 358 358.
Ready to take the next step?
Fast, simple, and tailored finance starts here.