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Thread: financing

  1. #1

    financing

    Does anyone know if there is a bank or company who will finance a drag car,or race car....thanks

  2. #2
    Senior Member SENIOR BUILDER
    Join Date
    Mar 2003
    Posts
    107
    NOT BEING A SMART A$$ BUT IF HAVE TO FINANCE IT STAY AWAY FROM IT. YOULL JUST GET DEEPER AND DEEPER.

  3. #3
    Senior Member RACING JUNKIE
    Join Date
    Jun 2003
    Location
    Hobbs, NM
    Posts
    842
    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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