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Everything you need to know about financing your first exotic car

A few years ago I published an article called “How does exotic car financing work?” and it continues to get a lot of views. I made a video for the VINwiki YouTube channel about the topic, particularly what banks look for when you want an exotic car loan. Here it is!

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    Ed Erez
    November 17th, 2017 at 10:57 am

    Have you seen Exotic Car Hacks site? There he suggests that you should find a 0-1% financing option for 84 months on a 4-5 year old exotic car; pay the monthly payments for X period of months, then when you are ready sell the car to nearly the same amount of money you paid for it thus nullifying your monthly payments. Im curious however, selling a car is never guaranteed; how do we use his tactics when we cant guarantee a sale at the end of this “hack”?

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    • avatar image
      Ed Bolian
      November 23rd, 2017 at 12:05 pm

      Did he offer a bank that does <1% financing for 84 months on a 5 year old exotic? I don't know of any. Some might be 3-4% which is still a great deal. There are no guarantees but certainly some cars that are likely to hold their value well.

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