dparker |
01-19-2009 02:45 PM |
Thats why they have collateral on a loan and a racecar has little or none. The only way a loan company will loan on a racecar is if you have other collateral. I wouldn't recommend it, but when I first got married, we financed a promod corvette. Payments where 656.00 a month for three years. I paid it off in two and waited till it was paid off before I started racing it. But after 10 years my wife said she had giving enough and I sold the car and I upgraded our house from 1600 sq.ft to 3800 sq.ft. Then it took me two years to save up enough to start racing again. If you decided to finance a racecar be carefull not to over extend yourself. It can be done but it takes alot a discipline. Just be carefull, and good luck.
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