PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How do I get a loan for a vintage Thunderbird?
I want to buy a 1966 Ford Thunderbird, but I don't have the cash to pay for it. Can I get a car loan for a classic car?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A 1966 Thunderbird? What a sweet ride! I’m happy to say that while not all lenders provide classic car financing, some do. You just need to shop around to find the right lender willing to give you a
loan
.Once you’re ready to apply for a car loan, use these tips to increase your chances for approval:
- Save for a down payment of 10% to 20%
- Check your credit score and pay off any revolving credit or delinquent accounts.
If you have good credit and steady income, lenders should approve your loan. Keep in mind that the car needs to be in good to great condition to garner consideration for a car loan as well. The stipulations may also require you to have a second car for regular driving or a maximum amount of mileage you can put on the Thunderbird in a year — usually 5,000 to 7,000 miles or less.
After you’ve applied for the loan, don’t forget about
classic car coverage
. Lenders will require this coverage for the loan, and it’s a specialized insurance product that will protect your investment.If you haven’t shopped around for classic car insurance, check out the
Jerry
app. We’ll get you customized quotes from over 50 top insurance providers, so that all you need to do is pick the plan that works best for you. And once you choose one, we’ll even help you switch!Best of luck, and enjoy your sweet ride!
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies