Car Restoration Financing?

[fesler]

Not sure how everyone on here thinks its such a bad idea, its like doing work at your house and everyone thinks thats such a great idea...... If you really want a car and can afford to do the payments on it this will fast track that. We have thought about doing something like this for many years with a flooring company. Just have to work out all the details so everyone is on the same page and you understand what you are getting yoursefl into.

[214Chevy]

Originally Posted by fesler

Not sure how everyone on here thinks its such a bad idea, its like doing work at your house and everyone thinks thats such a great idea...... If you really want a car and can afford to do the payments on it this will fast track that. We have thought about doing something like this for many years with a flooring company. Just have to work out all the details so everyone is on the same page and you understand what you are getting yoursefl into.

Chris, I wouldn't compare a house, which is a necessity and gains equity, to a classic car, which is a luxury and can lose equity. Now, I know the housing market is not good now, but a house is still an equity item. Like some one else mentioned, unless you have some rare Duesenberg, the very first James Bond Jaguar or something like that, the muscle car is not the same thing. 20 years from now, housing will still be a necessity. In those same 20 years, we can only hope pro-touring is still as big as it is today. If not, you'll still be paying that lone you borrowed. Just my $.02. There's no right or wrong answer.