Classic Car Finance

Frequently Asked Questions

• What are the benefits of financing a classic car through a broker?

  Financing a classic car through a broker should be the primary option you consider. This is because brokers have the ability to work with several lenders to find the best interest rate on the market, as well as tailoring the finance product to suit the client’s needs. Classic cars are highly valued and often appreciate over time, making them a desirable investment. With this in mind, brokers can offer options such as balloon payments to increase end values, thereby lowering monthly payments. This makes owning your dream classic car more affordable than you might think!

• What types of classic car finance options are available?

  When it comes to financing a classic car, brokers provide greater flexibility and have many options available. They will also often review the client’s needs and plans for the coming years to ensure the right product is selected. Some of the most frequently used products include:

  1. Hire Purchase: The most common form of vehicle finance, this allows the customer to spread the balance over an agreed term, normally ranging from 2-5 years. At the end of the agreement, the vehicle will be owned outright.
  2. Personal Contract Purchase (PCP): A very popular option that gives great flexibility to customers throughout the agreement. For a full explanation of PCP finance, visit our Personal Contract Purchase page.
  3. Lease Purchase: This option often results in the cheapest monthly payment for classic cars. With Above.Beyond’s Lease Purchase product, we can tailor the financials. By leveraging our expert knowledge of classic cars, we can increase end values, reduce interest rates, and structure the contract to give you the lowest monthly payment in the market.
  4. Business & Personal Leasing: If you’re interested in hassle-free motoring and want to change your car every 3-4 years, leasing might be the option for you.

  Using a broker for classic car finance ensures you receive the best possible terms and personalized service, making the dream of owning a classic car more attainable.

• How do I apply for classic car finance through Above Beyond?

  Applying for classic car finance couldn’t be simpler. It’s as easy as contacting one of our finance specialists, and they will handle everything for you. Once we have your details and vehicle information, our team of experts will spend a few hours researching the best deals on the market and creating the ideal package tailored to your needs.

• What are the eligibility criteria for financing a classic car?

  For classic car financing, we require all clients to have a solid credit profile. We work with a network of around 70 lenders, each with its own underwriting criteria, but all insist on a good credit history over the last 5 years. Not sure if you qualify? Contact one of our team members, and we’ll discuss the options available for your unique circumstances.

• What is the typical interest rate for classic car finance?

  Rates can vary from month to month, and different lenders have different offerings. This is why using a broker such as ourselves is the best option when financing a classic car. Rates start from 8.9% APR.