Owning a classic car is a special feeling – only a true car enthusiast knows the actual value of a classic car. A classic car is an artistic masterpiece with history written all over it. Austin Martin DB5, Ferrari 250 GTO, vintage models of Jaguar, Porsche, Mercedez, Bugatti, Rolls Royce, etc., are some of the best classic cars ever designed. Everybody who loves cars wants to add classic cars to his collection. A classic car needs extra care compared to a regular car: its engine and whole-body demand regular maintenance. Buying a classic car is a dream of many car enthusiasts who wants to add classic cars to their collection. They can use classic car financing services to add a forever classic to their home.

How to finance a classic car?

Financing a classic car is, for the most part, the same as any other car. It includes many different financing options to choose from.

  • Hire purchase-

Hire purchase is one of the best options for financing classic cars. The terms are simple. You pay a deposit (usually 15-20%). And after that, pay regular installments. You don’t have to give security in return for the loan. The loan agreement is usually for 12 months to 60 months. You can use the car as you want during the loan period.

  • Hobby-specific financing-

This alternative can be the most suitable option for you. The interest rates tend to be lower. The terms are generally in favor of the applicant.

  • Equity release-

If you have an old car you want to sell for a new classic car, then equity release can be a way to go for financing. You received a cash sum for your existing car that you sold. Afterward, pay the installments for the new car.

  • Personal loan-

If you have a good credit score, you can get a reasonable sum of loans from a bank. With a good score, sometimes banks give loans even without taking security.

  • Auction finance-

Most rare cars are sold in auctions, making them the best place for car enthusiasts. But during the bidding process, the prize can go upward unimaginably. To get your favorite car, you should take auction finance. After that, you can bid as much as you want without caring too much about the money factor. 


Classic cars are a work of art. Their everlasting demand, charm, and uniqueness make them a dream among many car fanatics. Through classic car financing, they can get their dream vintage car quickly.