Financing a privately sold classic vehicle??

[Kylemcs]

Why not try Burchmores for a more realistic opinion? - http://www.burchmores.co.za/sell-your-car

... I'd recommend getting a good grip on your chair though

short answer is its worth what someone is willing to spend on it...

 

[TehStranger]

Lol, who finances a R50,000 car that isn't their primary mode of transport? Sounds like your buyer can't afford this "classic".

How's the rust on her?

 

[MickZA]

short answer is its worth what someone is willing to spend on it...

... except when they want to use a banks money

 

[TJ99]

Haha it's deja vu all over again.

First a "historically significant" Opel Monza and now a "classic" MX5.

 

[TehStranger]

Haha it's deja vu all over again.

First a "historically significant" Opel Monza and now a "classic" MX5.

But but but, Car Throttle and Mighty Car Mods love the MX5 (and modding it), that clearly make it a "Modern classic"!

Worth R50,000 easy, car club says so!

 

[TJ99]

But but but, Car Throttle and Mighty Car Mods love the MX5 (and modding it), that clearly make it a "Modern classic"!

Worth R50,000 easy, car club says so!

Nice try but no SA CotY award = no buy.

 

[Kylemcs]

... except when they want to use a banks money

Ha, yes this is true

 

[Kylemcs]

So in answering the original question, Wesbank are going to look at the deal as they finance 'leisure' vehicles

We can now put the MX5 down for leisure COTY. what fun!

 

[Colin62]

Ignoring the age, finance houses have a minimum that they will lend on a car, and about 5 years ago that was R40k, so I'd not be surprised if R50k is too low to bother with for them.