Can I get financing for a car that's 15 years old?

I want to buy an Acura NSX for $45,000 that's 15 years old. It doesn't exactly qualify for a classic car loan based on age, but it's definitely rare enough to be considered a classic. Can I get financing for this vehicle?

Answer
“Most classic cars have to be at least 25 years old to qualify for classic car status.
However, an Acura NSX may qualify for a car loan based on its price. Since it’s $45,000, a lender can still make some money off the car loan.
Your best bet is to shop around at credit unions and banks to see what they’re willing to do. If the NSX is low mileage and has a Kelley Blue Book value that’s similar to the price, you can probably secure a loan.
Keep in mind that there are certain requirements for a car to be considered a classic car. While you may love that car, it can’t be your primary vehicle or it won’t be considered a classic car.
You’ll also need classic car insurance for it. If you want help finding a good deal on this type of insurance, Jerry compares rates from the top 50 companies and delivers them to your phone in under a minute.”
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Eric Schad
Answered on Aug 02, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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