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How To Get Classic Car Title Loans

How much cash can i get

Find out now. It's fast, secure & free!

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Shir Amram

Written by: Shir Amram

For people who collect classic cars, it’s more than just a hobby. Most people who collect these vintage cars put their time, energy, and money to completely restore and upgrade their classic vehicle. It’s true dedication!

We understand that seeking financial help can be daunting, and using your classic vehicle to secure a loan might seem intimidating. Your classic or collector car can serve as collateral, allowing you to access funds, up to $50,000, based on its value and providing financial flexibility by leveraging your vehicle’s worth.

So How Does a Classic Car Title Loan Process Work?

The process for obtaining a classic car title loan typically involves the following steps:

  1. Application: Start by filling out an application with basic personal and vehicle information. Borrowers may need to provide images of their vehicle to help qualify for the loan.
  2. Loan Quote: After submitting your information, you will receive a free loan quote based on the details provided.
  3. Approval: Once approved, you will be required to surrender the vehicle’s title as collateral.
  4. Keep Your Car: Despite surrendering the title, you keep possession of your classic car while making regular monthly loan payments.
  5. Finalization and Quick Funding: After completing all necessary documentation, your loan is finalized and the funds are disbursed to you quickly, ensuring fast access to cash.

With Montana Capital Car Title Loans, this simple process can be completed online or over the phone, ensuring convenience and peace of mind throughout the entire process.


Vehicle Inspection and Valuation: Determining Your Classic Car’s Worth

When you’re considering a classic car title loan, one of the most important steps is determining the true value of your vehicle. Our team of expert appraisers specializes in classic cars, vintage cars, kit cars, and collector vehicles, ensuring that every detail is carefully evaluated. We know that every classic car has its own story and unique features, so we take the time to assess your car’s condition, rarity, and current market demand to provide an accurate valuation.

Simple and Stress-Free Process

The entire process is designed to be simple and stress-free. From the moment you reach out, our friendly staff will guide you through each step, offering great customer service and clear communication. We understand that your classic car is more than just a vehicle, it’s a prized possession and an investment.

Flexible Loan Options and Competitive Rates

Our classic car loans come with competitive interest rates and low monthly loan payments, making it easier for you to afford the financing you need. Whether you’re looking to purchase a new or used car, refinance an existing auto loan, or unlock the value of your classic vehicle for another purpose, we have flexible options to suit your classic car needs. There are no prepayment penalties, so you can pay off your loan early if you choose.

Expert Assistance and Market Research

We also provide helpful tips and assistance to help you determine your classic car’s value, including professional appraisal services and up-to-date market research. Our goal is to help you get the best deal possible, whether you want to purchase, sell, or refinance your classic, antique, or hot rod vehicle.

How Much Money Can I Get on My Vintage Car?

The amount of money you can get for an auto title loan on your vintage car typically depends on its current market value. Lenders usually offer between 25% to 50% of your vehicle’s value, but this can vary based on the lender and state regulations. Some lenders may offer loans up to $50,000.

Typically, our classic car loan amounts fall within the range of $500 to $50,000. However, we could potentially offer up to 70% of your vintage car’s value. This value is determined by a variety of factors, including the vehicle’s condition, mileage, age, and other relevant aspects.

Loan Terms and Fees

When you apply for an auto title loan with us, it’s important to borrow only the amount you truly need so you can comfortably afford the loan payments. While it may be tempting to take out a larger loan, using a valuable asset such as a classic car as collateral means higher loan amounts will result in higher interest payments and greater financial risk.

The amount you can borrow depends on your ability to repay the loan as well as the condition and current value of your vintage car. Loan terms typically range from 24 to 36 months but can vary depending on the lender and your individual situation. Classic cars, vintage vehicles, and hot rods can all be financed through specialized programs tailored to your classic car needs.

Taking out a classic auto title loan is an excellent option for quick funding and access to funds for emergencies like overdue bills or rent. Because these loans offer quick access to funds through a simple process, they are generally recommended only for emergencies or for borrowers who cannot qualify for conventional bank loans.

Interest Rates and Risk Factors

Interest rates on classic car title loans can be higher than conventional loans due to the increased risk lenders face, especially when borrowers have bad or limited credit histories. Since these loans are often unsecured by traditional credit checks and rely primarily on the vehicle as collateral, lenders compensate for this risk with higher interest rates.

The interest rate you receive will depend on factors such as your creditworthiness, the loan amount, and the current value of your classic car. Despite potentially higher rates, many borrowers find classic car title loans to be a practical solution when other financing options are unavailable or too slow.

Vehicle TypeLoan AmountInterest Rate (APR)Loan TermEstimated Monthly PaymentTotal Repayment
Vintage Ford Model T$10,00050%12 months$875$10,500
Classic Chevrolet Corvette$25,00060%12 months$2,291$27,492
Hot Rod Ford Coupe$15,00055%12 months$1,375$16,500
Antique Truck$5,00070%6 months$958$5,750

*Note: Monthly payments are estimates and may vary based on creditworthiness and lender terms.

Responsible Borrowing Disclaimer

At Montana Capital Car Title Loans, we encourage all borrowers to practice responsible borrowing. Classic car title loans are often expensive and can carry high interest rates, which may lead to increased financial burden and the risk of becoming trapped in debt.

Before taking out a loan, carefully consider your ability to repay it on time and borrow only what you truly need. Ensure that loan payments fit comfortably within your budget.

If you have any questions or need assistance, our customer service team is here to help guide you through the process responsibly.

What Do I Need to Get a Classic Car Title Loans?

For customers who wish to apply for a classic car title loan, our company offers flexible options for a variety of vehicles. To obtain a classic car title loan, you’ll typically need the following:

  1. A clear title to the vehicle: This means you own the vehicle outright, with no liens or outstanding loans against it.
  2. Proof of income: This can be pay stubs, bank statements, or even tax returns. Lenders need to know you have the means to repay the loan. If traditional documentation is unavailable, alternative sources of income may also be accepted.
  3. Proof of residence: This can be a utility bill, lease agreement, or mortgage statement showing your current address.
  4. Valid identification: A driver’s license or other government-issued ID is typically required.
  5. Photos of the vehicle: Photos help the lender determine the condition and value of the vehicle.
  6. Personal references: Some lenders may require references as part of the application process.

Eligible vehicles include classic cars, trucks, and other types of vehicles that can be used as collateral for a title loan. No down payment is required for classic car title loans.

Remember, requirements can vary between lenders, so it’s always a good idea to check with the specific lender for their policies and terms.

Title Loan on Classic Cars

Classic Car Title Loans vs Classic Auto Loans

When considering financing options for your classic vehicle, it’s important to understand the difference between classic car title loans and classic car loans. Classic car title loans use your vehicle’s title as collateral, allowing you to access quick funding regardless of your credit score. These loans are typically easier to obtain but may come with higher interest rates and shorter repayment terms.

On the other hand, classic auto loans, or classic car loans, are traditional loans offered by banks or specialty lenders that do not require surrendering your car’s title. They often offer lower interest rates and longer terms but usually require good credit and a more detailed application process.

Choosing between the two depends on your financial situation, creditworthiness, and how quickly you need access to funds.

FeatureClassic Car Title LoansClassic Auto Loans
CollateralVehicle titleUsually no title surrender
Credit RequirementsFlexible, credit score less importantRequires good credit
Approval SpeedFast, often same daySlower, may take days or weeks
Interest RatesHigherLower
Repayment TermsShorter termsLonger terms
Loan AmountsTypically up to $50,000Varies, often higher amounts
Use of VehicleKeep and use vehicleKeep and use vehicle

Get Same Day Cash on Your Classic Vehicle!

It’s not easy to get emergency funding, especially for people with low credit. Our classic car title loans can get you the same day quick funding that you need.

At Montana Capital Car Title Loans, we make it simple and fast to get same day funding:

Call us today or apply through our secure website application to get started on a classic car title loan. For additional insights on obtaining funding using an older vehicle, we invite you to explore our comprehensive guide available on our website. Remember, for any questions you may have, our loan experts at Montana Capital are there to assist you!

Shir Amram

Written by

Shir Amram

Shir Amram is a senior loan officer at Montana Capital Car Title Loans. With over 10 years of experience in the finance industry, Shir has been an asset in her role and has contributed significantly to our company’s success, Shir’s academic background in economics and financial knowledge helps us fulfill our education mission as she creates a valuable content to our blog. 

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