Anyone finance their 914? |
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Anyone finance their 914? |
iwanta914-6 |
Aug 13 2015, 05:53 PM
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#1
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
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 |
somd914 |
Aug 14 2015, 10:26 AM
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#2
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Member Group: Members Posts: 1,171 Joined: 21-February 11 From: Southern Maryland Member No.: 12,741 Region Association: MidAtlantic Region |
There is no perfect answer to finance or not. Some are in the situation not to have to finance toys, others are not so fortunate but can afford payments. For us we financed a 31 foot sailboat when our kids were pre-school and early elementary ages. Our kids grew up sailing both cruising and racing on a frequent basis. Awesome lifelong memories that were made possible via a loan - to save enough to buy outright in cash would have put us off many years resulting in fewer memories and hitting an age where the kids might not take an interest. Well worth it.
My only advice is if you are willing to finance, be willing to borrow more to buy a better car as it will likely be money saved in the long run since you typically pay pennies on the dollar between your purchase price and PO's investment. But I also agree that 914 prices probably won't skyrocket anytime soon - slow upward progression is likely the case over the next few years. |
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