How can I get a car loan on a vehicle that's over 25 years old?

I want to buy a 1995 Toyota Supra. Everywhere I look online, lenders won't provide loans for cars that old. Is there somewhere else I can get a loan for this vehicle?

Answer
“If the 1995 Toyota Supra has low miles or has been restored, it meets the criteria of a classic car because it’s 25 or more years old.
You won’t be able to get a traditional car loan due to the age of the vehicle, but banks and credit unions may have classic car loans that will get you the financing you need. The interest rate will be a bit higher than with traditional car loans, but it’s likely your only option.
Make sure to shop around for the best rate, and ask if a 1995 Toyota Supra qualifies for classic car status based on the lender’s definition.”
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Eric Schad
Answered on Apr 27, 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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