Can I Use My Classic Car as Loan Collateral?

If you own a classic car, you already know it’s more than just a vehicle — it’s an investment, a collector’s piece, and in many cases, a legacy. But did you know that your vintage automobile can also be used as collateral for a short-term loan?

At Beverly Loan Company, we help clients leverage the value of their luxury and classic cars to access discreet, same-day funding — without selling or sacrificing the vehicle long-term.

Here’s how it works.

Yes — Classic Cars Are Accepted as Collateral

We accept a wide range of classic and collectible vehicles, including:

European exotics (Ferrari, Porsche, Jaguar, Mercedes-Benz)
American muscle cars (Shelby Cobra, Corvette, Mustang GT, GTO)
Vintage luxury (Rolls-Royce, Bentley, Aston Martin)
Low-mileage, well-preserved original models with collector value

The key factors? Your car must be owned outright (no liens), have verifiable value, and be in solid condition — even if it’s not showroom perfect.

Why Clients Use Their Classic Cars for Loans

Classic cars are strong candidates for collateral-based lending because they:

Hold long-term market value
Have high resale potential in the collector market
Are easily appraised with comparables and provenance
Allow for substantial loan amounts relative to other asset types

Whether you’re looking to fund a business deal, bridge a liquidity gap, or simply avoid tapping into credit, your classic car can help.

The Evaluation Process

We assess every vehicle individually, considering:

Make, model, and year
Mileage and mechanical condition
Restoration quality (if applicable)
Rarity and collector interest
Ownership history and supporting documents

If you have appraisal records, auction results, or provenance documents — bring them. These details can help increase your loan offer.

Loan Terms and Storage

Loan Amounts: Based on fair market value, typically 30–70%
Loan Terms: 3 to 6 months, with extensions available
Funding Timeline: Same-day in most cases
Storage: All vehicles are securely stored in off-site, climate-controlled facilities with full insurance

You won’t be driving the car during the loan term, but you’ll have peace of mind knowing it’s protected and preserved.

Frequently Asked Questions

Do I need to bring the car to the office?
Yes. We’ll inspect the car in person as part of the evaluation. If needed, we can coordinate transport logistics with you.

What documents do I need?
A clean title in your name is required. Service records, restoration documents, and prior appraisals are helpful but not mandatory.

Can I loan against multiple cars?
Yes. We can structure a loan using more than one vehicle or combine with other assets.

What happens if I don’t repay the loan?
Your car is retained as full repayment — with no credit impact, no public record, and no collections. But we always work with clients to avoid that outcome.