How to finance a Caterham

Almost every Caterham Seven model comes with the option to assemble it yourself, helping to add to each car’s unique look. But because they’re sold as a kit, financing your new vehicle with a traditional car loan can be difficult. Instead, you might want to consider your personal loan options.

How can I finance a Caterham?

Because Caterhams aren’t delivered preassembled, it may be more difficult to qualify for a traditional car loan. Instead, you might want to look into taking out a personal loan or line of credit from a bank, credit union or online lender. Many don’t place restrictions on how you use your funds — making them a good choice to finance a car kit.

Another option may be financing directly through Caterham. It doesn’t specifically state if it offers in-house financing options on its website, so reach out to your nearest authorized dealership for more information.

Whichever you choose, how much you’re eligible to borrow will depend on your credit score and current financial situation. For loans above the $50,000 mark, you’ll need a near-perfect score and low debt-to-income ratio to qualify with most lenders.

Compare personal loans to finance a Caterham

{"niche":"USFCL"}

Sort by:

Name	Product	Minimum credit score	APR	Loan term	Requirements
PenFed Auto Loans		Varies	Starting at 1.79%	3 to 7 years	Active membership with PenFed	Low APR car loans from a well-known credit union.	Go to site More Info	Compare	loading Fetching your data...
Carvana		No minimum credit score	3.9% to 27.9%	Varies	18+ years old, annual income of $4,000+, no active bankruptcies	Get pre-qualified for used car financing and receive competitive, personalized rates.	Go to site More Info	Compare	loading Fetching your data...
car.Loan.com Car Loans		300	Varies by network lender	Varies by lender	Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.	Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.	Go to site More Info	Compare	loading Fetching your data...
CarsDirect auto loans		No minimum credit score	Varies by network lender	Varies by network lender	Must provide proof of income, proof of residence, and proof of insurance.	Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.	Go to site More Info	Compare	loading Fetching your data...
Auto Credit Express Car Loans		300	Varies	Varies	Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.	Get connected with an auto lender near you, even if you have bad credit.	Go to site More Info	Compare	loading Fetching your data...
Monevo Auto Loans		500	3.99% to 35.99%	3 months to 12 years	Credit score of 500+, legal US resident and ages 18+.	Quickly compare multiple online lenders with competitive rates depending on your credit.	Go to site More Info	Compare	loading Fetching your data...
LendingTree		Good to excellent credit	Starting at 1.99%	Varies by lender	18+ years old, good to excellent credit, US citizen	Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.	Go to site More Info	Compare	loading Fetching your data...
myAutoloan.com Car Loans		550	1.89% to 27%		550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old	Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.	Go to site More Info	Compare	loading Fetching your data...

loading

Compare up to 4 providers

Clear selection

Compare

What will a new Caterham cost me?

Each version of the Seven is sold as parts — which makes it difficult to pinpoint an overall cost. The amount you pay will depend on the chassis, engine block, paint and accessories you order. Your car will be a unique build, so reach out to Caterham for specific information on the price of each component that goes into your Seven model.

You can also browse Caterham’s inventory page for preassembled new and used options. In the past, models were available from $44,500 to $69,000.

Choose a type of vehicle

Caterham 270

• Top speed: 120 MPH
• Weight: 1,212 lbs
• 0 to 60 MPH: 4.9 seconds

Caterham 310

• Top speed: 127 MPH
• Weight: 1,190 lbs
• 0 to 60 MPH: 4.9 seconds

Caterham 360

• Top speed: 130 MPH
• Weight: 1,179 lbs
• 0 to 60 MPH: 4.8 seconds

Caterham 420

• Top speed: 136 MPH
• Weight: 1,235 lbs
• 0 to 60 MPH: 3.8 seconds

Caterham 620 S

• Top speed: 145 MPH
• Weight: 1,345 lbs
• 0 to 60 MPH: 3.44 seconds

Caterham 620 R

• Top speed: 155 MPH
• Weight: 1,202 lbs
• 0 to 60 MPH: 2.79 seconds

Car insurance costs that come with driving an exotic car

Does a new Caterham come with a warranty?

No, Caterham doesn’t offer any warranties or maintenance programs for its vehicles.

Bottom line

If building a race car has always been your dream, Caterham can deliver. Compare your personal loan options to find a competitive deal that gets you closer to the quick speed a Seven offers.

Frequently asked questions

• How many Caterham dealerships are in the US?

  As of October 2019, there are eight Caterham dealerships located in seven states:

  • California
  • Florida
  • Illinois
  • Michigan
  • New York
  • Texas
  • Washington

• Does Caterham offer special discounts or programs?

  No. Caterham doesn’t have any programs or discounts available for buyers.

• Where can I find new or replacement parts for my Caterham?

  You can email Caterham at parts.usa@caterham.com or speak with a dealership for more information on parts and accessories for your Seven.

Pictures: Getty Images and Caterham’s Official Page