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Classic Car Loans | Best Vehicle Finance Australia Wide

28 Sep Today's
best rates
Today's Business Rate
From 2.85 %*
Fixed

*The Interest Rate is calculated on a Secured Loan for business use, effective 28/09/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Today's Consumer Rate
From 3.35 %
Fixed
Comparison Rate
From 4.18 %**
Fixed

**The Comparison Rate is calculated on a Secured Loan of $40,000 fixed for a term of 5 years, new goods, effective 28/09/2021 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

Classic Car Loans – Accessible, Affordable, Achievable,

Whether your classic car purchase is motivated by nostalgia, collecting or investing, Jade Car Loans provides access to affordable finance for that purpose. While not all motor vehicle lenders will offer loans for classic cars, as a specialist classic car finance broker, we have the lender connections to assist buyers to realise their aspirations and tick ‘own a classic car’ off their bucket list.

Loans can be achieved for a wide range of classic and antique vehicles including:

  • Classic cars classified as models of many makes which are 30+ years old.
  • Vintage cars.
  • Right-hand drive and left-hand drive vehicles.
  • Projects for restoration purposes such as that cars found abandoned in barns.
  • Collectible cars covering limited edition makes/models, rare vehicles and racing cars.
  • Vehicles that are purchased internationally imported by the buyer or seller.
  • Ex-military vehicles.
  • Unique and rare vehicles from many eras.

Your Jade consultant will work with you to assist with not only sourcing affordable finance but liaising with the auction house, dealer or private seller to streamline settlement.

Loan Products – Personal and Business Options

Both personal and business loans options are available to purchase historic, vintage, retro and classic vehicles and can be achieved at our trademark Jade Car Loans cheap interest rates. The purpose of the purchase and the aspects of the vehicle itself are contributing factors to which is the most appropriate loan product for your classic car purchase.

  • Our Secured Car Loan is commonly used for individuals purchasing classic cars as a personal acquisition. This is the same loan product used for current models and can be structured by your Jade consultant to suit classic cars which present in good order. The car is used as security against the loan and fixed interest rates, loan term and repayments apply.
  • If a classic car is being purchased by an individual for restoration or where the lender does not accept the vehicle as security, we offer the Unsecured Personal Car Loan. This loan has a general format and your Jade consultant will source and structure a loan to suit your specific requirements and vehicle.
  • For businesses acquiring classic cars and unique vehicles, the ATO ruling in regard to classifying the vehicle for business purposes is that the vehicle must be for use in the business. We understand that business owners may acquire classic cars for use in a marketing or promotional campaign or as an investment for the business. For these purposes, our Secured Business Loan may be a suitable finance option. However, your Jade consultant will discuss your specific purchase and objectives regarding the suitability of our commercial finance facilities: Chattel Mortgage, Car Leasing, CHP, for the acquisition. To meet the criteria for some finance facilities, the purchase may need to meet ATO guidelines around a business asset acquisition and speaking with your accountant on this matter is advisable.
  • For SMSF (Self-managed Super Funds) acquiring a class car as a collectible, Jade provides our range of commercial finance facilities which include Leasing, CHP and Chattel Mortgage. All finance deals are individually structured to meet specific requirements.

As most classic cars are put up for sale via auction or through a private seller, arranging pre-approved finance through Jade can be a strategic and beneficial move. Pre-approved loans are available across our loan portfolio and provide buyers with confidence when bidding that they have the funds available to proceed with the purchase.

No Deposit Unique and Classic Vehicle Finance

In many instances, the acquisition of a unique or classic car is a discretionary, luxury or non-essential purchase. Buyers may not wish to use existing cash for payment or even as a deposit. At Jade Car Loans, we fully understand this type of purchase and provide no deposit vehicle finance on our classic and unique car loans.

Our customers can include 100% of the purchase price in their loan. We may also be able to include additional expenses around the purchase in the loan as well. These may be auction house fees and charges and the cost of transporting the vehicle to your location.

When using our loan calculators, allow for any extras when inputting the total amount of your loan.

“**COMPARISON INTEREST RATE AS DISPLAYED IS CALCULATED FOR A SECURED LOAN FOR A CAR OF $30,000 FIXED OVER A TERM OF 5 YEARS, FOR NEW GOODS AND IS EFFECTIVE AS AT 25/04/2021. THIS IS SUBJECT TO CHANGE. THE COMPARISON INTEREST RATE IS CORRECT FOR THE EXAMPLE AS STATED ONLY. ALL CHARGES AND ALL FEES APPLICABLE TO A LOAN MAY NOT BE INCLUDED. DIFFERENT TERMS, AMOUNT AND FEES MAY DELIVER A DIFFERENT RATE.”

Calculate Your Own Repayments – Classic Car Loan Calculator

With the auction house catalogue in hand, why not head to our Car Loan Repayment Calculator to start working up repayments on all the vehicles you have your eye on to add to your collection. It’s free and easy to use – just enter the details of the loan you want for the different vehicles and note the repayments.

If the repayment is within your expectations, contact Jade prior to auction to arrange a pre-approved loan or to provide a confirmed loan quote.

Disclaimer:

The calculations formatted into the lender comparisons are for fixed interest rates or variable rates as indicated. This calculator is only to be used for general comparisons of lenders and possible interest rates which may be achieved for a loan. The rate offered on a specific loan by a specific lender may vary from that displayed. All fees and other charges which may apply to a loan may not have been included. Repayments and interest rates as displayed and calculated may be different from what you are offered. Use of this calculator does not represent an application for a loan, and approval of an application or any indication of a loan offer.

“**COMPARISON INTEREST RATE AS DISPLAYED IS CALCULATED FOR A SECURED LOAN FOR A CAR OF $30,000 FIXED OVER A TERM OF 5 YEARS, FOR NEW GOODS AND IS EFFECTIVE AS AT 25/04/2021. THIS IS SUBJECT TO CHANGE. THE COMPARISON INTEREST RATE IS CORRECT FOR THE EXAMPLE AS STATED ONLY. ALL CHARGES AND ALL FEES APPLICABLE TO A LOAN MAY NOT BE INCLUDED. DIFFERENT TERMS, AMOUNT AND FEES MAY DELIVER A DIFFERENT RATE.”

Source the Best Finance Package with Jade Car Finance Broker Services

Classic cars and unique vehicles are by definition usually unique and very often extremely rare. Not all banks and lenders may share your passion or appreciation for these highly prized cars and not have an affordable loan option to offer you. Using our specialist finance broker services provides access to cheaper interest rates and better loan options for classic cars.

As a broker-style, Jade Car Loans has our own prized ‘collection’. Collection of lenders that is. We’re accredited with multiple banks and non-bank lenders including those that do make highly realistic loan offers for unique cars. With access to these lenders, your Jade consultant will source you the cheapest offer available on the market which suits your specific loan application and vehicle.

For a quote on lending for a classic car, unique vehicle or motor vehicle collectible for personal or business purposes, contact 1300 000 003

Best Car LoanCalculator

Making use of this online free calculator is established on the individual's awareness and undertaking that the outcome displayed does not specify a loan quote; it does not indicate an application for any loans has actually been lodged; it is not a suggestion that any lending application has actually been approved. The formatting of this calculator does not take into account specific information pertaining to any kind of particular personal finance application or any kind of loan provider fees and also costs. It is formatted to multiply a general outcome based on general details as well as values only.
After lodging a formal lending application, the quote and payment totals that you might be given might vary from the loan quote worked out by this device.
The tool is not suitable for computations on car loans that are established on a passion just basis. The format is simply set up to compound the calculated interest rate for a set time period based upon the amounts entered by the user.
The calculator is not planned as a device for financial decision making. Users that require financial advice ought to look for an expert monetary expert in regard to their personal circumstances. To make an application for a loan and also acquire a quote based on your individual requirements, the individual must speak to Jade as well as have their individual application assessed by among our Jade specialists.

Finance Calculator Disclaimer

Classic Car Loans FAQs

Acquiring a classic car, a rare vehicle or a unique vehicle can be an exceptional opportunity. Whether to add to your collection of cars or memories or as an investment, in most cases these are considered purchases. Buyers will want to tick all their boxes and have all queries addressed in regard to their finance options before proceeding. As classic car loans are a specialist area of the motor vehicle finance sector, we fully appreciate that you will have questions. We’ve addressed a number of typical queries in this section and welcome your contact to discuss your loan in detail.

What defines a classic car in terms of vehicle finance?   

In general a classic car is defined as a motor vehicle which is over 30 years old. This may include passenger cars, trucks and buses. The vehicle can be considered historic, antique, collectible, vintage or retro. Lending is available for passenger cars, collectibles, ex-military vehicles, vehicles acquired from international sellers and imported, left and right hand drives and others. Unique and rare vehicles can also be financed and these can be less than 30 years old and as such may attract different lending and interest rates.

Is business car finance available to acquire a unique vehicle?   

If a business is acquiring a unique, rare or classic vehicle, the finance product application will be dependent on a number of factors including the purpose of the loan, the use of the vehicle and the business structure purchasing the vehicle. To be eligible for tax benefits applicable to business finance, the purchase would need to meet ATO rulings in regard to business vehicles and/or assets.  The most suitable lending facility may depend on whether the purchase is for a vehicle to be used in the business, as an investment by the business or as a marketing prop. Finance options may include Secured or Unsecured Business Loans and in some cases such as a purchase by a SMSF, Chattel Mortgage, Leasing or CHP may be applicable.

Does the classic car need to be registered to qualify for vehicle finance?   

Classic cars are defined in finance sectors as vehicles that are 30+ years old. These vehicles may or may not be eligible or pass registration. It is understood by lenders that offer this type of finance that a classic car may not be registered for use on state roads. Car registration is not a condition of all types of classic car lending. If the vehicle is operational and will be used on roads, then it will need to be registered. If it is exclusively kept off-road, in storage, then registration would not be necessary. With all secured loans, an insurance policy is required to be taken out on the goods. Whether the classic car is registered or not will be a factor for consideration by insurers when issuing a policy.

Are car loans available to buy from a private seller?   

Yes. The classic car market encompasses auction houses, specialist motor vehicle dealers and private sellers. Where or from whom the classic car is being purchased is not a condition of being eligible for lending nor should it affect the type of loan options or the interest rate applicable. The lending is quoted by lenders based on an assessment of the applicant, the purpose of the purchase and the vehicle itself. If purchasing from a private seller or at auction, it can be useful to arrange pre-approved finance prior to entering discussions with the seller or attending the auction. Having finance confirmed can provide buyers with greater confidence and it can be a negotiating tool. Private sellers may be keen to sell and incentivised to reduce their price for a quick sale which pre-approved lending provides.

Is car finance available for buying ex-military historic vehicles?   

Ex-military vehicles are extremely popular with collectors of both military memorabilia and classic vehicles. Lenders that are active in the classic car finance space can offer to lend for the purchase of ex-military vehicles. These may be in operational or non-operating condition. The type of lending most suited would depend on a number of factors. If the vehicle is in good condition the Secured Car Finance format for classic cars may be most suitable. If the vehicle requires restoration and is therefore not in good condition, Unsecured Personal Financing may be most suitable. The interest rate on these types of finance varies.

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