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Min. Loan Amount
Max. Loan Amount
|Min. Loan Amount||$6,000|
|Max. Loan Amount||$750,000|
|Interest Rate Type||Fixed|
|Requirements||Good to excellent credit, down payment of at least 10%, low debt-to-income ratio, car in good working condition|
Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University.
J. J. Best Bank auto loans are ideal if you’re looking to purchase an expensive antique, classic or other exotic car. It offers financing up to $750,000 with terms as long as 10 years — higher than traditional car loan providers out there. On top of auto loans, it also offers boat, motorcycle, RV and aircraft financing as well.
But if you don’t want to make a down payment — which could go as high as 30% — you’ll need to look elsewhere. The car you’re purchasing also needs to be in good working condition to qualify. And if you don’t have good credit and a low debt-to-income ratio, you might have a difficult time getting approved.
Not sure J.J. Best is best for you? Compare your other options below.
To apply for a classic car loan from J.J. Best Bank, you’ll need to meet three basic requirements:
In addition, the car you purchase should be in good working condition.
J.J. Best Bank offers loans, lease buyouts and loan refinancing for a variety of vehicles, including:
The majority of its loans are for vehicles built between 1900 and 1985. But newer sports and exotic cars may also qualify.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Like much of its website, there aren’t many details available on how these loans work. Here’s what we were able to find — though you might want to reach out to customer service directly for more details.
J.J. Best Bank doesn’t disclose rates or terms for its boat loans online. However, it does cover the purchase of power boats, sailboats and wooden boats. And if you already own a boat, you can use a boat loan to refinance your current loan or refurbish or upgrade your vessel.
J.J. Best Bank offers aircraft financing between $25,000 and $10 million with terms up to 20 years. Unlike its car loans, an aircraft can be purchased for either personal or business use.
You can apply online, over the phone or by fax, email or mail. If you’re preapproved, you’ll have 30 days to follow through with the loan.
To start the online application, follow these steps:
If you apply online, it takes around five minutes to learn your approval status. Once you sign your loan documents, your paperwork will be processed in about one business day. You’ll need to send your contract back — both signed and notarized — to finalize your loan. J.J. Best Bank will then have your car inspected to verify that it’s in working condition and that the VIN number matches the title.
J.J. Best Bank requires the following documents during the application process:
You will receive a payment booklet after your loan and purchase are completed. Unlike most lenders, electronic payments can’t be set up until after you receive the booklet. If you want to get a head start, you’ll need to mail your payment directly to J.J. Best Bank.
Late and missed payment fees will depend on your loan contract. Contact customer service if you have any questions or think you may not be able to make a payment.
Not sure J.J. Best Bank is right for you? Read our guide to classic car loans to explore your other options.
J.J. Best Bank & Co. auto loans is not currently available on Finder
Have you considered PenFed Auto Loans?
One of the largest national credit unions in the U.S., it offers new and used auto financing with transparent low rates.
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