Looking at financing a 199-2004, what are my options?

[Aliens05]

So, im looking at financing an older car (Corvette c5). The loan i am looking for on this is between 15-18k. I currently finance my car through wells fargo and it is a 2009 g6. The g6 will soon be paid off and I will use it as a backup car or a winter beater car. When i purchased the g6 it was 15k.

 

My lender wells fargo told me at the time of purchase (about 4 years ago) that they only finance cars 5 years old and newer. Since i am almost to have this car paid off I went to talk to my personal banker 6 months ago at wells fargo and asked him about financing an older car. He told me 6 months ago that under no circumstances including excellent credit or a large amount down will they ever finance a car older than 5 years.

 

So I am looking for lenders for car of this type. I checked with my local credit unions and I only found CU that will go back to 2005 on a car. I cannot seem to find any lenders willing to go older than 2005 (even local Credit unions).

 

Any and all positive replies are welcomed. Thanks in advance.

[BRBiz]

You won't find any lender willing to do that on such a old car but not really a antique.. Personal loan or cash.

 

I don't know my vet prices but $16k for a 15 old car seems high.

Edited December 11, 2015 by BRBiz

[MarvBear]

Wells Fargo Dealer Services will finance a 2008 and older vehicle, based on vehicle and customer qualifications.

[mikewilkes]

A personal loan or line of credit is your best option when purchasing an older vehicle. Wells Fargo also offers a PLOC with a nice initial credit limit (depending on your credit history of course). You should take advantage since you already have an account with them.

Edited December 13, 2015 by mikewilkes

[tendog]

Need to Google.... JJ BEST

 

Also if your looking check out Buyavette.com

Edited December 13, 2015 by tendog

[MarvBear]

Wells Fargo dealer services. Will entertain the loan based on score and normal credit approval standards

[NewbietoFinance]

Forgive me if i am wrong, but i think a lot of CUs will finance older cars, rate might be a little higher.