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How can I get a car loan on a vehicle that's over 25 years old?
I want to buy a 1995 Toyota Supra. Everywhere I look online, lenders won't provide loans for cars that old. Is there somewhere else I can get a loan for this vehicle?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“If the 1995 Toyota Supra has low miles or has been restored, it meets the criteria of a classic car because it’s 25 or more years old.
You won’t be able to get a traditional car loan due to the age of the vehicle, but banks and credit unions may have classic car loans that will get you the financing you need. The interest rate will be a bit higher than with traditional car loans, but it’s likely your only option.
Make sure to shop around for the best rate, and ask if a 1995 Toyota Supra qualifies for classic car status based on the lender’s definition.”
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- Gregory R.
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