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19-01-2011, 12:07 PM
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/[_][_]==DMC==[_][_]\
Join Date: Nov 2008
Location: Adelaide
Posts: 1,489
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Hi all,
as many of you can tell by my most recent avatar, I'm looking at bringing over a DeLorean DMC-12 from the states whilst the Australian dollar is good. the other aspect to this plan is that I am in the process of preparing to move to sydney in the next 12-18 monts and so I will be selling off two of my cars. sadly the XE project is coming to an end as I simply don't get time or have enough money to do a job worthy of such an awesome racecar :( also the P5 LTD will be going up for sale as well I just wont have room for it when I move back to sydney. the plan is a Daily, the coupe and a DMC-12. I have wanted one since I was about 5 years old and now thanks to the aussie dollar, its finally looking within my grasp. What I would like to know is what sort of ways are there to get finance for a classic car? I know personal loans are horrifically expensive and most banks wont do finance for a car over 5 years old. are there companies that do classic car loans? has anyone used them before? are there any other things I need to watch for? I have seen several examples around the $20k USD mark including 2 at DMC California. If I can get what I am after for the XE and the LTD, I should have enough money for the Importation and taxes and should only need a loan for the car itself.  Thanks in advance guys
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Cheers Dave - Luxobarge Enthusiast. Daily: AU series 1 Fairmont Ghia The Classic: Jan 79 ZH Fairlane, EFI'd 302 Clevo The Project: Aug 73 Ford Landau Hardtop During his lifetime, the average man will spend around 5 years behind the wheel of his car.... Make those years count... Drive a Ford. |
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Classic Car Finance: What options are there?
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