dlxpix

How to Get Classic Car Financing

Man Sitting at Desk Doing Calculations

 

Looking to finance a classic car? Daytona Mitsubishi is here to help! The requirements of acquiring a classic car are similar enough to get financing on a regular car loan. However, you may not be able to secure an auto loan in the same way due to age and mileage restrictions. Therefore, classic car loans are the best solution if you don’t want to purchase the car outright. Learn more about classic car financing with Daytona Mitsubishi near Port Orange!

Get Qualified for Classic Car Financing

Here are some qualifications necessary to finance a classic car:

  • Credit history: You would need a good enough credit score backed with a well-established credit report that contains a diverse array of accounts such as credit cards, mortgages, etc.
  • Steady income: You’ll have to prove that you have a stable source of income to prove you could pay back the loan.
  • Payment history: If you have a history of paying your loans on time, this will greatly improve the likelihood of getting qualified.
  • Savings account: If you have a savings account you can show that will help prove you are thoughtful with your money.
  • Insurance coverage: As with traditional auto loans, you’ll need proof of auto insurance.

Vehicle Requirements and Restrictions

Now that you know what’s required of you to secure classic car financing, you will also have to consider getting your classic vehicle appraised, inspected, and checked for age and mileage restrictions. If you are looking to have your collector’s car inspected beforehand, schedule an appointment at a service center near Palm Coast!

Learn More About Classic Car Financing at Daytona Mitsubishi

Have lingering questions about getting classic car financing? Still want to delve more into how traditional car financing works or if it is worth it to trade in a financed vehicle? Contact us today, or visit us in person to check out our impressive inventory in person. We’re only a short drive from Palm Coast, and our finance specialists are always happy to help. Do you have questions about classic car financing? We can answer those, too!

More from Daytona Mitsubishi

  • 2023 Mitsubishi Outlander PHEV Range

    Ready to upgrade your Port Orange commute with an efficient plug-in hybrid? The new Mitsubishi Outlander PHEV offers strong performance coupled with a fuel-sipping hybrid system that will help you get the most out of every gallon of gas. But, what is the 2023 Mitsubishi Outlander PHEV range? The combined electric + gasoline range of the…

  • 2022 Mitsubishi Mirage G4 Interior

      Looking for a compact sedan that can provide all of the space you and your passengers need to stretch out and enjoy the ride? The 2022 Mitsubishi Mirage G4 interior offers plenty of passenger and cargo room, along with premium features that will enhance any drive in and around Port Orange. Learn more about the…

  • 2022 Mitsubishi Mirage Interior

      A 2022 Mitsubishi Mirage interior is filled to the brim with premium features and offers plenty of passenger and cargo room. In other words, it’s perfect for commuting and road-tripping alike. Considering a new Mitsubishi Mirage for sale at Daytona Mitsubishi? Allow us to break down the cozy interior and modern technology features, as well…

Daytona Mitsubishi 29.222469, -81.049428.