Financing older cars

[Irving]

I have a few cars I want to sell and make financing options available to buyers. My cars are 10 years old. Lexus & BMW's. What options do I have?

[Shpuker]

Banks finance people if you really wanted to you'd have to get a licence. You really shouldn't worry about it

[wafrederick]

Most banks will say no because the age of the vehicle and I have heard of this happening

[Shpuker]

.... its not because of the age of the vehicle, frankly they could care less if its an 09 or an 89. If they have a shitty credit score then they'll get turned down. in which case you don't wana try anything like this BS with them anyway. Dont try to do it yourself. you'll just get screwed over.

['97ventureowner]

Some financial institutions, especially credit unions offer a loan product tailored to older vehicles. The vehicle usually has to meet certain criteria however such as being over a certain age, and some may even require an appraisal of the vehicle's value. I have seen two variations of these loans at my credit union. One was tailored to older cars not considered classics or antique, and the other was specifically designed for the classic / antique vehicle. Both of these types of loans usually have higher APRs than our basic new/used vehicle loans. Check around in your area to see if any bank/credit union offers these types of loans.