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| There are several financing companies that
offer financing for classic and exotic cars in the United
States. In the last few years, privately owned
specialty financing companies have begun to spring up across the
United States because there is a growing market for individuals
looking for financing of exotic, classic and muscle cars. The
reason being, traditional lenders do not like to lend money on
cars that are considered high risk. Classic's are high risk
because they are old and might have technical problems. Exotic's
are high risk because they are generally well-over $100,000.00
and banks cannot justify a loan that high at a low rate, the
risk is just too high. In comes classic and exotic
specialty financing companies. These companies offer extended
terms ranging from 24 months to 12 years, at low rates. Read
more... |
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