"What is the best way to finance a classic Camaro? "

"The Camaro I want is selling for $5,000. I have $2,000 in cash and would need to borrow $3,000 more. My bank won't give me a car loan, which I don't understand since I don’t have bad credit. How do people buy older cars?


Apr 26, 2021
Answer provided by
Johnny Puckett
Answered at Apr 26, 2021
“You could try getting a personal loan, which is a type of unsecured loan. But because there is no collateral securing the loan, the interest rates for personal loans tend to be higher than for traditional car loans.
As for your bank not giving you a loan for the Camaro, this probably has more to do with the car than it does you. Banks do not usually finance older cars because there is a higher risk that they will break down beyond repair before the loan is paid off, and the borrower will not want to pay. “
Car InsuranceCar Loans

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies