Financing | The Vault Classic Cars

Financing

Collector Car Financing has really progressed from the old days, when no self-respecting bank would finance an old car. Today, there are many choices to finance your classic car purchase.

You can also use your Bank or Credit Union, as long as you can establish a value. Most aren’t familiar with the Old car appraisal guides, but if you can show them the “Book” Value, many of them are willing to finance. I’ve sold many cars through Credit Union loans. I can help them establish a value, so they feel secure with the collateral on the loan.

Of course, you’ll have to contact them directly to establish your eligibility for financing. The Vault Classic Cars does not offer Financing directly. You will have to make your own financing arrangements.

Here are some Links:

http://www.JJBEST.COM – They will finance cars that are valued between $7500 to $500,000. I’ve been pleased with them in prior dealings.

http://www.putnamleasing.com – This company can set up a lease, with a defined term, and a $1 buyback. They have other plans as well. If you are planning on buying or using your Classic car for company purposes, this option has some advantages, depending, of course, on your individual situation.

http://www.premierfinancialservices.com They offer a variety of financing plans, particularly good if you are using your car as a business expense.

http://www.capitalone.com Capital One – a very large lender, with competitive rates. They have financed many collector cars for my customers.

THERE IS NO COOLING OFF PERIOD UNLESS YOU OBTAIN A CONTRACT CANCELLATION OPTION. California law does not provied for a "cooling off" period for vehicle lease or purchase contracts. Therefore, you cannot later cancel such a contract simply because you change your mind, decide the vehicle costs too much, or wish you had acquired a different vehicle. After you sign a motor vehicle purchase or lease contract, it may only be cancelled with the agreement of the seller or lessor or for legal cause, such as fraud. however, California law does require the seller to offer a 2 day contract cancellation option on used vehicles with a purchase price of less than $40,000, subject to certain statutory conditions. This contract cancellation option requirement does not apply to the sale of a motorcycle or an off-highway motor vehicle subject to identification under California law. See the vehicle contract cancellation option agreement for details. The prospective purchaser of a vehicle may, at his or her own expense and with the approval of the dealer, have the vehicle inspected by an independent third party either on or off the dealership premises. 11709.1 California Vehicle code. All Prices shown DO NOT include California Sales Tax, DMV fees, smog certificate on post-1975 vehicles, Documentation fees, and any late registration fees owed to DMV. Out of state customers are responsible to pay sales tax and any other government fees in their own state. Out of state customers are not required to pay California Sales Tax and DMV fees IF the car is shipped by ICC licensed carrier, AND a notarized statement of delivery is signed upon delivery. Unfortunately, if you fly in and drive it home, we are required to charge Tax and DMV for the privilege of driving on California roads ! We do not offer financing. All contract documentation must be signed and the car paid for in full before the car can be released to the buyer. Sold AS-IS, with NO WARRANTY. All Photos and descriptions in this website are copyrighted 2005, 2006, 2007, 2008, 2009,2010