Yes. Unlike most banks and lenders, AFS does not have a restriction on the age of goods it finances. There are various vehicle types that AFS will approve under its classic car loan product including:
An independent valuation of many vehicles can be provided by valuation specialists such as Glass's Guide and Redbook. 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. 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.
Try our valuation tool:
AFS enables you to borrow between $5,000 and $100,000 depending on our assessment of your capacity to repay and current circumstances. Loan terms range between 12 months and 60 months and we can even finance your comprehensive insurance so that you know your dream car covered at all times.
No. The same fees and charges apply to a classic car loan with AFS as all standard loans.
To learn more about our fees & charges go to:
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 relevant product in 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 & 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.
Enjoy the Classics