I'm sorry if this is the wrong place but I wasn't quite sure were this should go.

My question is simple, can you get a loan secured against a kit as you might a tin top and do any manufacturers have the ability to help you set one up like a garage can?

Basically I want to start next year and it's looking like it will invovle some kind of financing or more waiting (Or buying in peices and spending the extra money that would have been intrest). Any Ideas?

I've never heard of a loan being secured on a kit, usualy way is to get a bank loan (And tell them it's for home improvements )

I use interest free credit cards just got 16 months from Virgin

Would you be interested in a MK Indy Spec R partially built with engine, fuel tank, Wilwood brakes ?

I doubt any companies would do it, mainly because a kit car is essentially just a big pile of spare parts until it has a VIN, and even then the value may well be less than the sum of the parts. The value is also very subjective and volatile.

I'm guessing someone like Caterham or Westfield might do their own finance packages but then that's hardly locost!!

Thanks for the offer Toprivetguns but I doubt your car would suit as I've a rather important requirement (An auto box) which would probably mean swapping out stuff you've done and changing the mounts (I don't want to do any welding).

Thanks for the suggestions though.

found this


http://www.caterham.co.uk/assets/html/showroom/finance.html

Caterham Finance can tailor a highly competitive packages to suit your specific financial needs. With many years experience with Caterhams we are able to provide attractive financing that takes account of the Seven’s market-leading residual values.

Personally I'd buy it in stages, finance will work out expensive (if you can get it and a bank loan/credit card are probably you only bet), the extra you pay on interest could go into making a better car.. Buy the kit from a local company to save on delivery as you can pick stuff up as you go.

I'd start by dismantling a Donner car and refurbish parts should see enough time to save up for a starter kit...

The quickest you could do a build is probably 6months (if you by all the parts) and work in the weekends. It took me years and so talking out a loan would be a big no-no..

I think Mangogrooveworkshop has the best idea if you want to go this route but it's going to be £££££...

Dan

if you haven't got the money now, what makes yo tink you will have it later on?

trust me, these things go on and on, consuming money that you did not think you would need to spend on them

save up and then buy; loans are gonna cost you.