I am debating purchasing an 80's-90's full size wagon but I don't have a lot of disposable cash to pay all at once. I was wondering if anyone was aware of any lenders that loan for vehicles over 10 years old? Most banks will only go 7 years/70K miles. If anyone has any good leads, I would greatly appreciate it.
Try a credit union, thats what I did to make up the difference for mine. They will probably want a copy of the appraisal that you will get for insurance purposes and will put a lien on it just like they would a new car. Good luck.
I've borrowed money to buy cars as old as Model A's and Model T's. Probably paid too much interest but having this addiction is expensive at times.
Thanks BP, I will check around the one's in my area. CatModelT, any specific lenders or brokers that you used?
Also wondering if anyone has purchased a car through a Copart broker, I know some of these vehicles are damaged but the prices seem reasonable.
