Financing your Cobra...Woodside Credit?

[Got the Bug]

Agree with Marc. We've had the discussion about everyone's opinions regarding the pros and cons of financing.

LudicrousSpeed - I couldn't find the post, but I thought Jay at Vintage Motorports had mentioned a finance company that they've worked with in the past.

http://www.vintage-motorsports.com/

Here's the old thread. Based on the condiition of the credit world, the info may no longer be valid:

Financing Availability??

http://www.jjbest.com/

[RodKnock]

Originally Posted by Got the Bug

Agree with Marc. We've had the discussion about everyone's opinions regarding the pros and cons of financing.

LudicrousSpeed - I couldn't find the post, but I thought Jay at Vintage Motorports had mentioned a finance company that they've worked with in the past.

http://www.vintage-motorsports.com/

Here's the old thread. Based on the condiition of the credit world, the info may no longer be valid:

Financing Availability??

http://www.jjbest.com/

I agree with Doug, been there done that. There are arguments and counter arguments for every position. Just help the gentlemen who started the thread.

[rtstrack]

I used my local credit union. They were very easy to work with
Good Luck

[patrickt]

Originally Posted by rtstrack

I used my local credit union. They were very easy to work with.

I went with Benny's Loan Service http://www.nypost.com/seven/10132008...ark_133385.htm I missed a payment, but my knees are starting to recover now.

[poboy427]

I am probably the poorist SOB on the forum,(state public employee). I barrowed to get my Pantera. I barrowed to get my 66 Shelby GT350 and I paid cash for my SPF roller and built the alum Shelby for it the hard way-out of my back pocket over the course of 3 years. I sacrificed and drove my family trucks and cars to 150,000 miles. My neighbors and co-workers bought and leased cars every 2-3 years and as a result they have nothing in the way of toys. They were smiling and I was smiling.

I have a gorgeous home and put 3 kids through college too.

My secret-I have always bought smart and bought homes and cars that appreciated. I never smoked and curtailed my drinking at age 30. I have 30 yrs at one job and I AM STILL ON MY FIRST MARRIAGE (divorces can be devistating) and I have always been healthy. At age 56 I should have something to show for it.

Don't lecture the man on desire to have an expensive toy. Sure there are guys on this forum who can pay cash for everything. That's not the majority though. If your job is secure and you are willing to sacrifice until your toy is paid for-Go For It. You may have to put up a title of another car. Most banks cringe at the words kit car or componant car. Once the car is done you can always look to refinance under a more suitable rate.

Don't forget most banks will want full coverage insurance year around over the life of the loan. I had an understanding and trusting banker who let me drop liability and collision coverage in the winter months as he was convinced these cars never have seen rain or snow. Oh yeah, honey has to agree to. If she is against it you have a challenge. Good luck.

Ray

[63mercury]

The reason I am scratch building my cobra replica is because (1) I'm retired, (2) the honey said NO to drawing out of retirement savings and (3) because I enjoy a challange. The answer to solving the financial challange was to work 2 days per week to pay for the car,and being an old hot rodder its always fun to scroung parts and dicker at swap meets and other places. This is my 4 cents worth. Enjoy your Cobra.
Carl

[STL Mark]

To answer his question directly - try Capitol One. Worked for me.