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CLASSIC CAR LOANS
Enjoy the Classics?
Vintage, Classic, Unique, Muscle, Restored and Imported - AFS is the lender of choice for discerning buyers when it comes to classic car loans. AFS has no restriction on type or age of goods so why not enjoy the classics!
More about Classic Car Finance
Since 1988, AFS has been providing finance for the purchase of Vintage, Classic, Unique, Muscle, Restored and Imported vehicles.
We understand that buyers of classic cars, boats, bikes and caravans are discrening and often spend invaluable hours of time researching the history & 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 their lending criteria. Our aim is to finance any type of car, boat, bike, caravan, or camper trailer, irrespective of its age.

 

 

Classic Car Loan Essentials

8.45%

Fixed Rate Classic Car Loan*
(Comparison Rate 9.71% pa^)

  • Borrow between $5,000 to $130,000 for a pre-owned classic car
  • A great interest rate: Compare us to your bank
  • Fixed interest rate for the life of the loan
  • Pay as frequently as you like: weekly, fortnightly or monthly
  • Choose a term from one to five years. Seven year terms on request only
  • Make extra payments when you like
  • Ability to purchase your car from a dealer, auction house or private vendor
  • No restriction on the age of the car you want to purchase

* Interest rate (Annual Percentage Rate/APR) is only applicable for classic vehicles that are greater than 30 years of age, where the amount borrowed is greater than $35,000 and where the applicant owns or is buying their home and has an established good credit history. Finance subject to approval, including the application of applicable 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 Limited – Australian credit licence 383762. ^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. 

Fixed Rate Loan

from
8.45%
p.a* 

Interest Rate
from
9.71%
p.a^

Comparison Rate

1–5
years

Loan Term
$5,000
to
$130,000

Loan Amount
Weekly
Fortnightly
Monthly
Repayment Frequency

Fees

Fees that will apply on settlement

The following upfront credit fees and charges are payable to AFS on the settlement date of the loan.  They are only payable if you proceed with the loan and are included in the amount of credit

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FEE TYPE DEFINITION AMOUNT
Establishment Fee Represents the reasonable cost for AFS to peovide credit to you $395
Credit Search Fee Represents the reasonable cost for AFS to conduct the necessary credit bureau searches per applicant $6.37
Security Registration Fee Represents the reasonable cost for AFS to register our financial interest in the goods $8

The following credit fees and charges are payable to AFS during the term of the loan.

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FEE TYPE DEFINITION AMOUNT
Monthly Administration Fee Represents the reasonable monthly cost for AFS to administer your loan whilst active $10

The following credit fees and charges may become payable to AFS during the term of the loan.

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FEE TYPE DEFINITION AMOUNT
Early
Termination Fee **
Represents the fee that will be payable when you pay out your loan contract in full before the expiration of the term of the loan. The amount of the fee as at the disclosure date if $600 and thereafter the amount of the fee is $600 multiplied by the number of unexpired whole months in the term of the loan at the time this contract is paid out and divided by the number of whole months in the the term of the loan $600 reducing monthly
Dishonour Fee Represents the reasonable cost for AFS to process the dishonour of a loan repayment on each occasion $12
Repayment Book Fee Represents the reasonable cost for AFS to generate and issue a new repayment book on each occassion $35

Fees and Charges disclosed above are current as at 1st July 2018 but may change from time to time. Other fees and charges may be payable. Please review the credit fees and charges detailed in the pre-contractual statement for the specific loan that you have chosen.

* Interest rate (Annual Percentage Rate/APR) is only applicable for classic vehicles that are greater than 30 years of age, where the amount borrowed is greater than $35,000 and where the applicant owns or is buying their home and has an established good credit history. Finance subject to approval, including the application of applicable 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 Limited – Australian credit licence 383762. ^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. 

** Only applicable for the AFS Loan Contract & Mortgage product. Please read the relevant product Terms & Conditions and pre-contractual statement (if applicable) if you are considering another loan product or lease.

~ If you use a licensed finance broker to assist you apply 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 credit assistance to you, give you a Credit Proposal Disclosure document which will detail all the fees and charges payable and if any commission will be received by the finance broker.

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Applying for a car loan online is fast and easy with AFS.

What's more there are no fees or charges payable to apply, even if you're approved!. Fees and charges are only payable if you decide to proceed with the loan and these can be financed.

Simply select any "Apply Now" button to get underway.

A secured fixed rate loan from AFS is the perfect option when it comes to financing your classic car.

Am I able to get finance for an older car?

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:

  • Vintage Cars;
  • Classic Cars;
  • Unique Cars;
  • Muscle Cars;
  • Restored Cars; and
  • Imports.

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 Valuation Tool

 

AFS enables you to borrow between $5,000 and $130,000 depending on our assessment of your capacity to repay and current circumstances. Loan terms range between 12 months and 60 months, but we can consider longer terms by exception, 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:

AFS Fees & Charges

Can I use a finance broker to obtain a classic 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 & 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.

 

Dealer, Auction, Private Sale
Shop where you like to get the best deal
More than Cars!
Finance also available for motorbikes, boats, PWC's, caravans & camper trailers
No Age Restriction
Vintage, Classic, Unique, Restored & Imported - AFS has no restriction on type or age of goods.
Fixed Interest Rate
A fix interest rate protects you against market fluctuations & you can budget with confidence.
Learn more about
AFS Interest Rates
Check out our Interest Rates for our fixed rate loans for either personal use or business use.
Learn more about
AFS Fees & Charges
Check out AFS' Interest Rates below for our fixed rate loans for either personal use or business use. Learn more about our loans.

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Enjoy the Classics