Where can I find financing for a 12-year old car?

How can I get financing for an older vehicle? I found a 2009 Mercedes Sprinter van at a local dealership for $12k. My bank will not lend money for vehicles older than 10-years old. The dealer does offer in-house financing but the rate was ridiculous regardless of my good credit.

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Johnny Puckett
Answered on Jun 25, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
“Most lenders are not going to offer financing on something that old. The risk is just too high.
Your best bet is going to be to pay cash for the used car.
If you can’t do that, then you could possibly try to get a personal loan, but know that the interest rate is going to be high.
If you want to get away from high interest rates all together and can’t buy outright, you should buy a newer vehicle and save for a sizeable down payment.”
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