Has anyone obtained bank financing for a CJ, COPO or Drag Pa

[Geerhead55]

Originally Posted by Chris1529

If you have to borrow the money to buy one of these cars to race, you can't afford to have one of them.

Wow,,,,, someone who is qualified to speak about the financial status of another racer,,, or another person, in general. That's something I could never do,,,, figure its none of my business what another person purchases,,, but that's just me.
Danny Durham

[Mack Reeves]

Originally Posted by Geerhead55

Wow,,,,, someone who is qualified to speak about the financial status of another racer,,, or another person, in general. That's something I could never do,,,, figure its none of my business what another person purchases,,, but that's just me.
Danny Durham

I was thinking the same thing.......

[Frank Castros]

If anyone thinks all those Toterhomes and Stackers where paid with cash is kidding themselves.
Why would financing DP, CJ or COPO be any different?

[HR9121]

Originally Posted by Frank Castros

If anyone thinks all those Toterhomes and Stackers where paid with cash is kidding themselves.
Why would financing DP, CJ or COPO be any different?

Exactly what i was thinking.

[jmcarter]

Mack, you guys are right...I'm deleting my earlier post because it didn't assist Tony in what he was looking for. Part of my bias is based on my years doing some road racing events where the adage "don't race what you can't walk away from" is generally more accepted, especially given the higher probability of sustaining damage at the track.

Apologize Tony, hope somebody has put you onto an attractive financing option that fits your racing goals.

[lstanford]

This would fall under the heading of a personal unsecured loan unless you pledge real estate or some other asset. You better have a credit score in the high 700 or 800 range. You will probably not like the interest rate. Prior to the 2008 credit crisis anyone could finance a dream.

[Jeff Teuton]

We have financed race cars since the late 60's. Just need the right conditions and persons. Not complicated.

[Sam M]

Originally Posted by FECARMAN

This would fall under the heading of a personal unsecured loan unless you pledge real estate or some other asset. You better have a credit score in the high 700 or 800 range. You will probably not like the interest rate. Prior to the 2008 credit crisis anyone could finance a dream.

2.4 % on a Personal Credit Line Loan

[Geerhead55]

Originally Posted by Frank Castros

If anyone thinks all those Toterhomes and Stackers where paid with cash is kidding themselves.
Why would financing DP, CJ or COPO be any different?

I agree with you %100.
Danny Durham

[Bruce Noland]

Originally Posted by Frank Castros

If anyone thinks all those Toterhomes and Stackers where paid with cash is kidding themselves.
Why would financing DP, CJ or COPO be any different?

Insurance. You're not racing the other vehicles. I would hate to see the terms and conditions on financing a $114,500.00 race car.