FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS

Eligible vehicles are classic/collector cars at least 20 years old and most late-model exotics that are 10 or more years old. We also finance some specialty/collector vehicles. If you are not sure if the car you are looking to purchase or bid on qualifies, call us at (844) 446-3286.

We offer an excellent finance plan that does not require borrowers to have perfect credit. We will consider individuals with all types of credit. We always do our best to secure financing for that special vehicle you want to purchase.

Yes. We will refinance an existing car loan or a purchase that has been made. Call us at (844) 446-3286 for more details.

Yes. You will be required to insure the car for its full replacement value. You will need to provide an insurance binder with the Lender as loss payee prior to funding the loan.

Yes. You are required to have full coverage insurance in place until your loan is paid off. Your deductibles need to be no greater than 2% of your loan amount.

Yes. You will be required to register and title the car once you purchase it. We will help you through this process.

No. You can buy your car from an MFS-approved dealer or ask us about pre-approvals for auction purchases.

The interest rate and term will depend on the amount financed and the applicant’s credit.

The debt-to-income ratio is based on the total monthly loan payments of your gross monthly income and is expressed as a percentage of your total gross monthly income.

Need help? Call us today at (844) 446-3286