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105 State Highway 36, Eatontown, NJ, 07724

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Phone Numbers:Service Hours:
  • Mon - Sat7:30 AM - 5:00 PM
  • SunClosed
Sales Hours:
  • Mon - Thu9:00 AM - 7:00 PM
  • Fri9:00 AM - 6:00 PM
  • Sat9:00 AM - 5:00 PM
  • SunClosed
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  • Mon - Sat7:30 AM - 5:00 PM
  • SunClosed
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How to Get Classic Car Financing

car financing



If you’ve been considering a pre-owned classic car in Rumson but you aren’t sure about the best way to finance your dream car, follow our guide. While classic car loans are similar to traditional car loans, the age and amount of miles a vintage vehicle has at the time your purchase can significantly affect the loan amount. Learn more about classic vehicle interest rates and loan terms below, and contact us if you have any questions.

Classic Car Financing – Credit Scores and Credit History

Financing for classic cars, collector cars, and vintage exotic cars is more difficult to obtain if you have a low credit score. While it’s possible to get financing for a new car with a bad credit score in Colts Neck, classic car financing bad credit loans are less common. In order to get financing, here are some factors to maintain or improve:

  • Credit history: Your good credit score should go along with a well-established credit report that contains a diverse array of accounts – credit cards, mortgage, personal loan, etc.
  • Steady income: You’ll have to prove that you have a stable current source of income that will provide enough money to repay your loan.
  • Payment history: Do you always pay your bills on time? Did you make timely payments on auto loans in the past? Potential lenders are sure to take this into consideration.
  • Savings account: If you don’t already have some sort of savings account you can point to, you should establish one before applying for classic car financing. It shows that you’re thoughtful with money and your vintage vehicle purchase isn’t impulsive.
  • Insurance coverage: As with traditional auto loans, you’ll need proof of auto insurance.

Vehicle Requirements and Restrictions

What requirements does your classic car have to meet in order to be eligible for an auto loan?

  • Vehicle appraisal: Many lenders will require an appraisal to see how much your prospective classic car is worth. Consulting sources like Nada Guides or local vehicle appraisers in the area for an expert opinion will be a good idea. Appraisal services typically cost anywhere from $100 to $500.
  • Age and mileage restrictions: Depending on who you’re applying with, the vehicle may be required to fall within certain age and mileage limits.
  • Vehicle inspection: Again, depending on the lender, the vehicle may need to be fully inspected for safety and quality before it can qualify for financing. If you’d like to have it inspected on your own time beforehand, simply schedule an appointment at a service center you trust.

Learn More About Classic Car Financing at Land Rover Monmouth

If you want to know more about financing your next vehicle, reach out to your local authorized Land Rover Finance Center for more information. You can learn more about traditional car financing, find out how to trade in a financed car, how to check your transmission fluid, or even browse our inventory of used vehicles priced under $30K for a great deal in Red Bank.

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