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Do I Have to Pay Cash to Buy a Classic Car?

Financing a Classic Car

There is something special that happens when people who appreciate classic cars begin talking about their favorites. People’s eyes light up, they passionately argue about whether the GTO was better than the Mustang, both citing valid reasons for their feelings. People who were teeny boppers during the muscle car days seem to have a special appreciation for these rockets on wheels. For many, while a teenager, these cars were out of reach for two reasons: cost and speed. Moms and dads were leery of their teen having so much power under the hood, and probably for good reason.

 

For many of those teeny boppers, known better today as baby boomers, financial circumstances have changed dramatically and for others, disposable income is not a reality. Years ago it was difficult to get financing for classic cars, but today, that has changed - at least at Vanguard Motor Sales.

 

With financing options varying between five and eight percent, classic cars are more within reach than many realize. Sometimes, people shy away from financing, especially when they have healthy savings accounts. Those buyers should know that classic cars appreciate at an average of nine percent annually, making financing an attractive option.

 

Most classic cars at Vanguard Motor Sales require a mere 12 percent down payment. This is a far cry from laying down tens of thousands of dollars to pay upfront. Financing for these customers allows or them to use their money in different ways.

 

For many, financing is the only way they can park their dream car in their driveway. Not everyone offers financing options as attractive as what Vanguard Motor Sales does, and even fewer offer financing options with as little down as 12 percent. If you are considering purchasing a classic car and are unsure of how you’ll be able to pay for it, contact our staff today to learn how financing can make your dream a reality!

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