How can I get a used-car-loan for a classic 1970′s car with limited credit history?

by admin on December 26, 2009 · 4 comments

I’ve been browsing the internet trying to find a loan service that will provide between 5k and 10k for an auto-loan. However, most auto-loan companies require the car you want to be a 2001 or newer.

I do have credit, but I only recently started establishing it about 5 months ago, so there isn’t enough credit history to be easily approved, or to be qualified as "good credit".

Should I look for a personal loan instead? Should I give up finding a lender online and just start calling local lenders to tell them my specifications and see what they can do?

I have someone with good credit that is willing to co-sign with me. Please help!

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{ 4 comments… read them below or add one }

Tim December 26, 2009 at 9:41 am

http://www.capitolone.com.Blank check. You can apply on line. I have many customers that have used them. You will need a co-signer. Don’t run your credit too many times, it will lower your credit score.Good luck. Check out desertclassics.com. Good luck.

pokerfaces55 December 26, 2009 at 9:41 am

unless your bank or saving institution gives you a personal loan..
its not gonna happen..
only ones giving loans on cars that old are used car lots
those buy here and pay here types..

Paul December 26, 2009 at 9:41 am

Never get a friend or anyone else to co-sign for you. You will not be friends very much longer.

A personal loan, where you don’t tell them what it’s for is probably your best bet in my opinion.

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