Do You Enjoy the Classics?
Vintage, Classic, Unique, Muscle, Restored and Imported - AFS is the lender of choice for buyers of classic cars. AFS has no restrictions on type or age of goods, so why not enjoy the classics!
We understand that buyers of classic cars are discerning and often spend invaluable hours of time researching the history and condition of the goods they want to buy, so the last thing you need is for a financial institution to tell you that the car is outside its lending criteria1. Our aim is to finance any type of car irrespective of its age!
1. All loans are subject to verification, suitability and affordability.
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Why Choose AFS for Your Classic Car Loan
- Get fixed rates from 10.49% pa*, Comparison Rate 12.17% pa^
- Fixed interest rate for the life of the loan
- Borrow between $5,000 up to $100,000
- Choose your term from one to five years
- No age restriction on the car you want to purchase
- You choose to buy your car from a dealer, an auction house or a private vendor
Simple Breakdown of Features, Costs, and Conditions
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Example Classic Car Loan Cost Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,391 | $6,391 |
| 24 months at 8.79% APR & 24.78% Comparison Rate | ||
| $10,000 | $2,538 | $12,538 |
| 36 months at 8.79% APR & 15.33% Comparison Rate | ||
| $25,000 | $7,520 | $32,520 |
| 60 months at 8.79% APR & 10.87% Comparison Rate | ||
| $50,000 | $17,162 | $67,162 |
| 72 months at 9.29% APR & 10.26% Comparison Rate | ||
| $75,000 | $24,868 | $99,868 |
| 72 months at 9.29% APR & 9.94% Comparison Rate | ||
| $130,000 | $49,263 | $179,263 |
| 84 months at 9.29% APR & 9.64% Comparison Rate | ||
EXAMPLE: A secured car loan of $50,000 for 72 months has fees and charges totalling $15,720 and a total repayment of $65,720. The Minimum loan term is 24 months and the Maximum term 72 months. The loan term will be 72 months, 144 fortnights or 312 weeks. The Maximum APR is 8.49%. The Comparison Rate, based on a loan of $75,000 over six years, is 9.46%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 383 762.
Frequently Asked Questions (FAQs)
A classic car loan is a type of vehicle finance designed to help you purchase a classic or vintage vehicle without paying the full amount upfront.
With AFS, you could borrow from $5,000 to $130,000 and repay the loan over a fixed term with predictable repayments.
Once approved, funds are paid directly to the dealer, auction house, or private seller, making the buying process simple and stress-free.
No. Unlike many lenders, AFS places no age restrictions on vehicles. Whether you’re buying a fully restored classic, a vintage project car, or a rare collectible, we can consider finance for a wide range of classic and vintage vehicles.
AFS could finance almost any classic or vintage vehicle, including rare imports, muscle cars, restored classics, and collectable vehicles.
Purchases from dealers, private sellers, and auctions are all supported, giving you flexibility in where and how you buy.
Yes. AFS offers conditional pre-approvals, often within a few hours of applying. This helps you shop with confidence, knowing how much you could borrow before committing to a purchase.
Yes, it's possible. AFS considers applications from customers with a range of credit histories, including those with past credit issues. Each application is assessed individually, so you may still qualify subject to our lending criteria.
In many cases, AFS can provide an initial pre-approval decision on the same day.
Full approval and settlement typically occur within 24 - 48 business hours, provided all required documents are supplied promptly.
Valuation specialists such as Glass's Guide and Redbook can provide independent valuations for many vehicles.
However, when it comes to classic cars there is often limited information to provide a statistical based valuation - that's where the team at AFS come in.
Over the years we have built up an expertise in assessing collectable and specialty vehicles and will tailor our approval of your loan around your dream car.
AFS enables you to borrow between $5,000 and $130,000 depending on our assessment of your current circumstances and capacity to manage the loan. Loan terms range between 12 months and 84 months, but we can consider longer terms by exception, and we can even finance your comprehensive insurance so that you know your dream car is covered at all times.
No. The same fee and charges apply to a used car loan as they do for a new car loan.
Yes. The AFS Classic Car Loan product is used extensively by finance brokers as many of mainstream asset finance lenders will often only lend on goods up to 10 years of age.
Also, if you were to arrange a loan through your bank, if the vehicle is over 7 years of age then, the most relevant product is likely to be an unsecured personal loan which is often more expensive than their standard car loan product.
Please note that if you use a finance broker you may be charged an origination fee which is separate to the AFS Fees and Charges but can also be financed as part of your loan. If you use a broker, you should ask for a copy of their credit guide and obtain a credit quote from them.
To ensure applying online is straight forward, we suggest you gather a few key documents so that you have the information at your fingertips.
Here is a checklist outlining all necessary information you should have at hand before applying.
- Your full name
- Your date of birth
- Your current driver's licence number and expiry date
- If you do not have a current driver's licence, then details of your passport including number, place of issue and expiry date.
Your Residential Details
- Your current residential details
- If you have not been living at your current address for at least 3 years, the details of your previous address
- If you have a mortgage, or have recently applied for a mortgage, the details of the monthly payments
- If you are renting or boarding, the details of your landlord/real estate agent including Name and Telephone Number.
Your approved loan term could be between 2 and 7 years (12 to 84 months). This flexibility allows you to select repayments that fit your budget while still enjoying the confidence of a fixed rate for the entire term.
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Things you should know
1 All loans are subject to affordability, suitability and verification.
* Interest rate (Annual Percentage Rate/APR) is only applicable for new goods that have not been pre-owned, where the amount borrowed is between $35,000 and $130,000 and where the applicant owns or is buying a property and has an established good credit history. Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. Credit provider is Automotive Financial Services Pty Ltd - Australian Credit Licence 383 762.
^ Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Seven year loan terms by request only.
- If you use a licenced finance broker to assist you in applying for credit, there may be other fees and charges payable, such as a finance broker fee or Origination Fee. AFS enables you to finance an Origination Fee as part of the amount of credit up to a maximum value of $990 including GST. An Origination Fee represents the finance broker's fee to provide credit assistance to you. It is a one off fee that is only payable if you proceed with the suggested credit contract. Under the National Credit Code, a Finance Broker is required to give you their Credit Guide, a Credit Quote and, at the same time as providing assistance to you, give you a Credit Proposal Disclosure document which will details all the fees and charges payable and if any commission will be received by the finance broker.
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