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> Anyone finance their 914?
iwanta914-6
post Aug 13 2015, 05:53 PM
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Is it crazy to think about financing a 914? Since I don't have the cash available at the moment, I'm considering financing one. Anyone use JJ Best, Woodside Credit or other means of financing a "classic" car. I know a lot of banks don't want to finance older cars so I'm not sure exactly what all the options are and what the restrictions or rates would be on something like a 914.

I'm curious because I came across a 914 that I like and if financing is an option, I might want to look into it further.

EDIT:
Here's a link to some pictures of the car I'm considering paying interest on, I realize important pictures of the longs are not included and the hell hole area isn't the best picture.

1974 2.0L L96B
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Mblizzard
post Aug 13 2015, 05:55 PM
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State Farm did mine at an astounding rate. No issues with the classic issue.

Also insured it for $15k no questions.
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Mueller
post Aug 13 2015, 05:58 PM
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Sort of.....making $200 a month payments on a $2000 new to me 914.

I've known the previous owner for a while now and I work with him so it is.in.my best interest to make the payments (IMG:style_emoticons/default/smile.gif)
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flmont
post Aug 13 2015, 06:02 PM
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I went thru a credit union years ago for a 911,...Once appraised,..no problem...
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forrestkhaag
post Aug 13 2015, 06:19 PM
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As my Daddy used to say, "don't let an opportunity to help a fellow in need pass you by" so what terms and collateral are you thinking of. I may be interested and having been in and out of 914's since the early 70's (and nothing better to do..) , I know the risk and the reward. PM if you have specifics and in any case, get back in the driver's seat.


(IMG:style_emoticons/default/beerchug.gif)
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EdwardBlume
post Aug 13 2015, 06:39 PM
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I'm not a big fan of making payments on a 914. More like 50% for the car, 50% for the other car when the 914 is on jackstands.
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theleschyouknow
post Aug 13 2015, 07:02 PM
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I looked for about 2 years for mine -well seriously looked for about a year
I had to sell a house first I looked into conventional and specialty auto financing a bit but really just for sh!ts & giggles no way would my wife have signed off on another loan with two houses and a car payment
house sold and I had my car 3 months later! 73 2.0 (IMG:style_emoticons/default/driving.gif)

I feel your pain tho a car in simular (that word looks funny to me but iphone sez it's right) condition to mine I probably coulda gotten for 3-4k less than I paid had I jumped 2 years prior
guess I shoulda pm'd forest

they keep going up -sucks when you're looking good when you're owning

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cjl
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mepstein
post Aug 13 2015, 07:25 PM
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QUOTE(RobW @ Aug 13 2015, 08:39 PM) *

I'm not a big fan of making payments on a 914. More like 50% for the car, 50% for the other car when the 914 is on jackstands.

(IMG:style_emoticons/default/agree.gif) I would never borrow money to buy a toy that will surely need more money thrown at it.
But I do take loans from my 401k and then pay it back quickly.
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iwanta914-6
post Aug 13 2015, 07:31 PM
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QUOTE(mepstein @ Aug 13 2015, 08:25 PM) *

But I do take loans from my 401k and then pay it back quickly.


Hmm... I didn't think that was an option.
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Elliot Cannon
post Aug 13 2015, 07:32 PM
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I didn't borrow to get my 914 but I've been paying for it for the last 11 years. (IMG:style_emoticons/default/av-943.gif)
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somd914
post Aug 13 2015, 07:48 PM
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I've used Woodside in the past. Easy transaction, their representative stayed on top of the paperwork from start to finish, I had no complaints.

As for financing a 914, I'd only do it if it's well sorted and not in need of anything beyond personal touches or a few routine maintenance items. Otherwise it's a slippery slope.
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Cairo94507
post Aug 13 2015, 07:54 PM
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If I ever even uttered those words to my wife you would never hear from me again. If I can't pay for it I don't buy it. In today's world, I just try to be as debt free as possible. Also, I am not a young guy like a lot of you.
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iwanta914-6
post Aug 13 2015, 08:00 PM
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QUOTE(Cairo94507 @ Aug 13 2015, 08:54 PM) *

In today's world, I just try to be as debt free as possible.


That's not very American of you. (IMG:style_emoticons/default/flag.gif) (IMG:style_emoticons/default/lol-2.gif)
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iwanta914-6
post Aug 13 2015, 08:01 PM
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QUOTE(Mblizzard @ Aug 13 2015, 06:55 PM) *

State Farm did mine at an astounding rate. No issues with the classic issue.

Also insured it for $15k no questions.


Hmm...I already use State Farm for all of my insurance needs...
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JmuRiz
post Aug 13 2015, 08:16 PM
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Never even thought about financing a fun/classics car.
I hate debt too, sucks even having to pay interest on a mortgage, but at least that's low rate.
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MSHax
post Aug 13 2015, 08:19 PM
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Not "financing", and not a 914, but I am making payments on a classic. I bought a 1975 corvette from a car lot a couple weeks ago and put it on my credit card.
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Chris914n6
post Aug 13 2015, 09:02 PM
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Guess it depends on the loan. 2% makes sense, 10% doesn't.

Then I'd have to ask myself, is the car that good and worth paying extra for, and am I going to use it enough that the smiles are worth the $xx.
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JRust
post Aug 13 2015, 09:13 PM
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I've had loans on them before. My credit union gives me great rates. So done some debt consolidation before using my car for collateral. Current rate is like 2.9% & will do 75% of value. My old v8 car appraise at 25k like 5 years ago. I'm sure my current suby will appraise for more. Not a bad way to go if the need arrises
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Mueller
post Aug 13 2015, 09:19 PM
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QUOTE(flmont @ Aug 13 2015, 05:02 PM) *

I went thru a credit union years ago for a 911,...Once appraised,..no problem...



That is how we bought our 964, but the cars wasn't that old at the time.
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Mueller
post Aug 13 2015, 09:22 PM
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QUOTE(Chris914n6 @ Aug 13 2015, 08:02 PM) *

Guess it depends on the loan. 2% makes sense, 10% doesn't.

Then I'd have to ask myself, is the car that good and worth paying extra for, and am I going to use it enough that the smiles are worth the $xx.



I could see getting a $30K loan for the green 2.7 /6 conversion in the classifieds!

Worth the interest for sure!
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