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
Is it possible to get a loan for a classic car?
I've been thinking about buying a 1969 Chevy Camaro, but I can't afford to pay cash for it. Can you get an auto loan for a classic car?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
What a sweet ride! The good news is that most lenders will probably provide a loan for that type of car.
Despite the fact that most lenders won’t give out
car loans
for vehicles older than 10 years, classic cars are a bit different. They hold value and can even appreciate over time, making them ideal for a car loans. However, the interest rates on these loans are typically a bit higher than new cars, so make sure to budget appropriately.Alternatively, you could get a personal loan to pay for the vehicle, although this may come with a much higher interest rate than even a classic car loan. If you do get a personal loan, make sure to shop around to find the best rate possible.
If you can secure your loan, you might also be excited to know that insurance companies offer specialized insurance for classic cars. Download the
Jerry
app to get the best rate—we’ll grab you quotes from top-of-the-line providers so that all you need to do is choose the plan that works best for you!Best of luck with your loan, and enjoy your new 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