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-   -   financing a pro touring car (https://www.lateral-g.net/forums/showthread.php?t=3885)

camcojb 03-21-2006 01:54 PM

financing a pro touring car
 
Anyone know someone who finances a higher end pro tour car? JJ Best and Woodside will do them but put little value in a modified car like this. Appraisals won't help.

Credit is excellent and I can't do a home equity loan as we're locked in with what we have for the near future. JJ Best would loan on the car I'm looking at but only 70% as they consider PT cars as kit cars. They all loan 90%+ on muscle cars, just not our cars.

Anyone know someone they've used in the past?

Jody

rocketman 03-21-2006 02:04 PM

check this link,i have used them in past.hagerty

XcYZ 03-21-2006 02:20 PM

I had no idea Haggerty did that. That's handy info, thanks.

slck6t9 03-21-2006 03:01 PM

WOW, me either, that is pretty cool.

Scott

Damn True 03-21-2006 03:05 PM

You have a PM

camcojb 03-21-2006 03:32 PM

Quote:

Originally Posted by rocketman
check this link,i have used them in past.hagerty

Thanks for the link. That's Woodside Credit, they will only loan about 1/3 what this car is worth.

Jody

Payton King 03-21-2006 03:39 PM

Spill it
 
Ok, what are you getting?

camcojb 03-21-2006 03:41 PM

Quote:

Originally Posted by Payton King
Ok, what are you getting?

Nothing at the moment! :unibrow: Unless I find someone who likes pt cars and will loan accordingly!

Jody

Ummgawa 03-21-2006 04:55 PM

Quote:

Originally Posted by camcojb
Nothing at the moment! :unibrow: Unless I find someone who likes pt cars and will loan accordingly!

Jody

How PT'D is the car, Jody? Can you put factory wheels back on it and finance it as a Muscle Car? I introduced old car financing at the bank I used to work for and it was no problem, most time financing was 100%. Do you have any additional collateral you can give? Finance what you can and cross collateralize the balance with something else of value, another car, boat, CD,etc. Sometimes you'll find that credit unions are much more flexible than banks. Call me if you need some help, dude, its the least I can do for all the help you've thrown my way.

rocketman 03-21-2006 05:07 PM

have you checked with your bank or credit union,a home equilty line of credit is easiest,or i you have a 401k borrow againest it,i have done that too.


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