FAQs

Buyers of all types of vintage and heritage cars, whether for display or for regular driving, may benefit from sourcing specialised financing rather than standard used vehicle financing. Special financing facilities for vintage vehicles may be sourced through expert brokers.

Yes. Buyers planning to purchase vintage vehicles at auction can have the funding application approved prior to purchase. The credit amount required can be estimated and finalised after the purchase.

Interest rates on heritage vehicle financing are offered by lenders based on an assessment of both the credit profile of the buyer and the valuation of the vehicle. Buyers with good profiles can be offered the best rates. Rates for vintage vehicles can differ from the interest rates on standard second-hand vehicle financing.

Where a business entity is acquiring a vintage car, they may select from Chattel Mortgage, Commercial Hire Purchase and Leasing to finance the acquisition.

Vintage vehicle financing differs from standard used vehicle credit in a number of ways. The vehicles can be valued differently by lenders, and different rates, lending amounts, and terms can apply.

First-time classic car buyers can seek specialised lending products through brokers and some lenders. Private buyers may consider secured or unsecured credit options. The choice may depend on the lender’s assessment of the specifics of the vehicle.

When taking on asset financing, insurance is required. The requirements for heritage vehicles may be determined by the use of the vehicle – whether it will be driven on public roads or will be displayed and garaged only. The credit amount and the valuation are taken into consideration when deciding how much the vehicle should be insured for.

Yes. Collectors of vintage, rare, historic and heritage vehicles can seek specialised lending products to fund acquisitions for their collection. These specific products are available through brokers and specialised lenders.

Lenders will assess the valuation of a classic vehicle, including its heritage and potential for appreciation, when assessing financing applications for offers and approval.

Classic car credit is financing specifically sourced and structured for vintage, heritage and historic vehicles as defined under accepted Australian classifications. Typically, these are vehicles that are in excess of 30 years old.