{"id":769832,"date":"2019-03-24T01:51:58","date_gmt":"2019-03-24T05:51:58","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=769832"},"modified":"2026-06-01T09:03:04","modified_gmt":"2026-06-01T13:03:04","slug":"car-loans-for-classic-cars","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/used-car-sites\/car-loans-for-classic-cars","title":{"rendered":"Classic car financing in Canada"},"content":{"rendered":"

Car loan providers typically don\u2019t want to finance old vehicles, so it\u2019s tough to find classic car financing in Canada. If you have your heart set on buying a vintage set of wheels, here are your options.<\/p>

5 options for classic car financing in Canada<\/h3>

While cold hard cash is the fastest way to get your hands on the classic car of your dreams, most of us don\u2019t have that kind of disposable income at the ready. Don\u2019t fret, though\u2014if you don\u2019t have the money to buy a classic car upfront, there are classic car loans available to help you with your purchase.<\/p>

  1. Classic car loans<\/a><\/li>
  2. Personal loans<\/a><\/li>
  3. Home equity loans<\/a><\/li>
  4. Personal line of credit<\/a><\/li>
  5. Hobby-specific financing<\/a><\/li><\/ol>

    1. Classic car loans<\/h3>

    Getting financing through car loan lenders may be more challenging, but there are still lenders who can offer classic car loans. The car loan may be unsecured, which means your classic car won\u2019t act as collateral. An example of a lender that can finance a classic car is Coast Capital.<\/p>

    2. Personal loans<\/h3>

    Consumers can take out a personal loan<\/a> to help with any of their financial needs, from renovating a home, paying for a vacation, consolidating debts and, of course, buying a classic car.<\/p>

    Personal loans are repaid over a few years. You can potentially get a lower rate by securing your loan with an asset like your home. For unsecured personal loans, lenders prioritize your credit score and income when assessing your eligibility.<\/p>

    You can turn to banks, credit unions and online lenders for a personal loan. It\u2019s wise to comparison shop so you secure the lowest rates on your loan.<\/p>

    Compare personal loans to finance a classic car in Canada<\/h4>

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