Finance and Lease Options
We work with several qualified lenders and can get just about any vehicle financed. If you have a specific bank or credit union you prefer to work with, we will work with them to get the deal done as well. We do not discriminate, if it helps us sell a car, we are happy to work with any lending institution!
A common question we get asked is what would be the monthly payment for a classic car. A good rule of thumb when looking into financing any car is for every $10,000 you borrow, you can expect a payment between $200.00 and $250.00 per month on a 60 month term, depending on credit of course.
Most of the lenders we work with on a regular basis require a minimum credit score above 650 (with good debt to income ratio) to qualify for their sub-prime programs. A credit score above 740 (with good debt to income ratio) would usually qualify for tier one programs and rates in the 5% range. The minimum down payment is 10% of the purchase price in most occasions. A 10 year/120 month term is available for vehicles as well.
Leasing is also an option for a few of our vehicles. This is reserved for high end exotic and classic cars that are mostly stock as far as performance modifications are concerned.
If you have any questions regarding the finance or leasing options we have available feel free to call 224-352-2535 or email us at CarSales@BlackdogSpeedShop.com