subject: Buy A Luxury Sports Car On A Small Loan [print this page] The title of this article sounds ridiculous doesn't it! How does or can a short term loan equate into allowing you to buy a nicec sports or luxury car? Well the answer could be easier than you think!
If you shop around the second hand market now days for cars you will notice that not much has changed (even with the credit crunch). This is beacause, although less people are buying a new car, the people who once would have bought a new car are now turning to the used car market - therefore demand has evened itself out. So here's my point.... You can buy a fairly decent sports car such as a Porsche or a Jaguar, 2nd hand, for as little as 1-2k in a reasonable condition. You just need to know which models to look for and the signs of wear and tear that may be associated with a second hand car. Then for say, another 1-2k you could do up the car you've bought into a luxury dream car. Quite simple really!
Make sure that you do a lot of reasearch into the used car market and that you look into the different options and prices for the cars you are most interested in. If you're not sure, then seek the help of a professional. Also bear in mind the checking services available that will allow you to check a car's history or outstanding finance commitments, to help make sure that it's not a turkey your are comitting to buy!
If you haven't got the spare capital to do this to hand, then you could always consider taking out a loan (it could even be an investment that you could sell on). If you've got bad or poor credit history then you may want to consider something called a guarantor loan, this allows you to borrow money even if you have a bad credit history, simply by getting a homeowner guarantor to sign on the loan agreements with you.
