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Old 09-25-2014, 03:46 PM   #11
Greg Hill
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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Originally Posted by Tony Curcio View Post
Does anyone have any direct experience obtaining a bank loan to finance the purchase of one the modern muscle cars with no VIN number, and no second mortgage on real estate?

What bank, in what state, what percentage of purchase price?

PM me here, or Tony@BrentwoodManagementCorp.com
All you gotta have is good credit, good income and a good financial statement. Shouldn't be any different than buying a 100k boat.
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Old 09-25-2014, 03:49 PM   #12
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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All you gotta have is good credit, good income and a good financial statement. Shouldn't be any different than buying a 100k boat.
Agree; you can add Quads, off-road bikes and airplanes!
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Old 09-25-2014, 06:25 PM   #13
Andys dad
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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All you gotta have is good credit, good income and a good financial statement. Shouldn't be any different than buying a 100k boat.
It can and has been done - don't forget there is no rehab for drag racing addiction

Ron
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Old 09-25-2014, 06:39 PM   #14
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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no rehab for drag racing addiction

Ron
Sounds like a money making opportunity to me. Now I can finance that comp car...

... maybe I'm not the person to be running that rehab.
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Old 09-25-2014, 06:44 PM   #15
Dyno
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

I just got an offer to buy a new 14 COPO, anyone have a spare $114,500.00 Dyno
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Old 09-25-2014, 07:49 PM   #16
Frank Castros
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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Probably a million bucks if you needed to buy one and have it installed.
My cousin Paulie will do it much cheaper than that.
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Old 09-25-2014, 08:22 PM   #17
Jeff Teuton
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

It can be done. The number makes it identifiable and a UCC 1 filing and descriptions and any other documents. I helped a racer in another state do it. I financed my first race car. A 66 Coronet 426 that I bought for $1200 I didn't have. Brought the car to the bank, left the title, and paid long easy payments. Simple
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Old 09-25-2014, 09:41 PM   #18
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

I got a left hand i dont use that often, any offers?
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Old 09-26-2014, 12:39 AM   #19
Geerhead55
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Cool Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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Originally Posted by Chris1529 View Post
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.
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Old 09-26-2014, 07:09 AM   #20
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Default Re: Has anyone obtained bank financing for a CJ, COPO or Dra

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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.......
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