The best way to use classic car finance effectively
Classic car finance can be both a blessing and curse. For many the temptation is always there to use finance in a way that would be detrimental to their long-term financial health, however this doesn’t always have to be the case if you use it effectively. Classic cars can be pretty expensive, there’s no denying that fact however they are not always as actors reach as you may assume. There are wide variety of companies out there that specialising helping people who don’t quite have the finances to hand, buy their dream cars.
These days classic car finance deals are pretty common, with a little research the average consumer can use them to their advantage. I did just that, when I recently bought a 1960s corvette and I have to say it was the best decision of my life. Vintage cars can be driven like no other, even though technology has advanced the performance of cars nothing quite compares to the thrill of driving something that has real history and heritage.
Isn’t classic car finance a little risky though?
Many people think that getting car finance on older cars is risky but this couldn’t be further from the truth. Due to the specialist nature car finance company like Presitge car finance and Classic Motor Finance and through the use of classic car finance calculators, favourable repayment structures can be arranged.
Of course there’s no such thing as guaranteed finance, customers need to pass a range of background checks are cited. These are no more rigourous than traditional loan application checks however and are heavily based on your credit score and other factors such as employment status. Classic cars remain one of the greatest pleasures in life to drive, don’t miss out on yours by thinking that you don’t have the right financial credentials to be able to buy one.
Which is the best classic car auction to visit
The best classic car auction to visit is of course hey Subject of Tim, generally though there are certain auction houses that people tend to gravitate towards. The truth is that the United Kingdom has some of the finest car auction houses in the world, investors and enthusiasts from countries all across the globe flock to UK in order to take advantage of some of the sales. Fortunately for UK buyers classic cars are not in short amount, as they are in some other countries, in fact vintage cars from around the world also tend to end in the UK.
If you’re thinking of attending an auction of a classic car, where are the locations that you should be looking at? There are some big names in the car auction world all of which offer a suitable finance options to ensure that their sales can be paid for easily. Some of the most well-known names out there include places like Bonhams, Coys and Silverstone. While these all are fine auction houses that sell fantastic vintage and all cards, some people prefer certain locations more than others.
The oldest classic car auction tends to be the best
As a general rule of thumb, most car enthusiasts will tell you that the auction houses that have been running for the longest period of time are generally still the best. The classic car auction tends to take place once a month, usually when racetracks and other car events are not being used. Be sure to check in advance when the next up-and-coming auctioneers as well as check the auctioneers book to see if your favourite cars are passing through and being sold.
There’s no denying that attending a car auction for a vintage or restored car is a great way to spend an afternoon. Whether you are currently just not, I’m sure you’ll fall in love with the general atmosphere and the ability to see some of the finest cars on the planet.