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 |
Mblizzard |
Aug 13 2015, 05:55 PM
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#2
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Advanced Member Group: Members Posts: 3,033 Joined: 28-January 13 From: Knoxville Tn Member No.: 15,438 Region Association: South East States |
State Farm did mine at an astounding rate. No issues with the classic issue.
Also insured it for $15k no questions. |
Mueller |
Aug 13 2015, 05:58 PM
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#3
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914 Freak! Group: Members Posts: 17,150 Joined: 4-January 03 From: Antioch, CA Member No.: 87 Region Association: None |
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) |
flmont |
Aug 13 2015, 06:02 PM
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#4
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Senior Member Group: Members Posts: 879 Joined: 21-October 08 From: Tucson,Az Member No.: 9,676 Region Association: Southwest Region |
I went thru a credit union years ago for a 911,...Once appraised,..no problem...
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forrestkhaag |
Aug 13 2015, 06:19 PM
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#5
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Senior Member Group: Members Posts: 935 Joined: 21-April 14 From: Scottsdale, Arizona Member No.: 17,273 Region Association: Southwest Region |
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) |
EdwardBlume |
Aug 13 2015, 06:39 PM
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#6
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914 Wizard Group: Members Posts: 12,338 Joined: 2-January 03 From: SLO Member No.: 81 Region Association: Central California |
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 |
Aug 13 2015, 07:02 PM
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#7
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Senior Member Group: Members Posts: 524 Joined: 4-June 13 From: Texas Member No.: 15,967 Region Association: None |
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 (IMG:style_emoticons/default/beerchug.gif) cjl |
mepstein |
Aug 13 2015, 07:25 PM
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#8
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914-6 GT in waiting Group: Members Posts: 19,556 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
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. |
iwanta914-6 |
Aug 13 2015, 07:31 PM
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#9
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
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Elliot Cannon |
Aug 13 2015, 07:32 PM
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#10
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914 Guru Group: Retired Members Posts: 8,487 Joined: 29-December 06 From: Paso Robles Ca. (Central coast) Member No.: 7,407 Region Association: None |
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 |
Aug 13 2015, 07:48 PM
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#11
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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 |
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. |
Cairo94507 |
Aug 13 2015, 07:54 PM
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#12
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Michael Group: Members Posts: 10,047 Joined: 1-November 08 From: Auburn, CA Member No.: 9,712 Region Association: Northern California |
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 |
Aug 13 2015, 08:00 PM
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#13
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
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) |
iwanta914-6 |
Aug 13 2015, 08:01 PM
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#14
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Senior Member Group: Members Posts: 718 Joined: 26-June 09 From: Minnesota Member No.: 10,510 Region Association: None |
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JmuRiz |
Aug 13 2015, 08:16 PM
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#15
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914 Guru Group: Members Posts: 5,497 Joined: 30-December 02 From: NoVA Member No.: 50 Region Association: MidAtlantic Region |
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. |
MSHax |
Aug 13 2015, 08:19 PM
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#16
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Member Group: Members Posts: 55 Joined: 8-August 15 From: California Bay Area Member No.: 19,039 Region Association: Central California |
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 |
Aug 13 2015, 09:02 PM
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#17
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Jackstands are my life. Group: Members Posts: 3,400 Joined: 14-March 03 From: Las Vegas, NV Member No.: 431 Region Association: Southwest Region |
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. |
JRust |
Aug 13 2015, 09:13 PM
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#18
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914 Guru Group: Members Posts: 6,310 Joined: 10-January 03 From: Corvallis Oregon Member No.: 129 Region Association: Pacific Northwest |
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 |
Aug 13 2015, 09:19 PM
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#19
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914 Freak! Group: Members Posts: 17,150 Joined: 4-January 03 From: Antioch, CA Member No.: 87 Region Association: None |
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Mueller |
Aug 13 2015, 09:22 PM
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#20
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914 Freak! Group: Members Posts: 17,150 Joined: 4-January 03 From: Antioch, CA Member No.: 87 Region Association: None |
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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