Quote:
Originally Posted by GH85Carrera
Only an idiot would try to get a loan on a 24+ year old car. They are usually bought with liquid funds for the most part. It would be a crazy bank to had out loans on classic cars, unless the borrower has spectacular credit. And people with great credit know not to get a loan to buy a classic car.
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Big picture, when interest rates rise people's net worth goes down, that's how it is. Even the rich are losing money at the moment. Markets down, Inflation up, costs up etc. Economics 101. Not even sure you could get a loan on an old car, but what do I know, I'm cash only.