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Start with the structure.

Loan, lease, refinance, and other ways to finance a specialty vehicle.

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Two ways to finance a purchase

A loan

You own the car.

Finance the purchase and pay down the balance over time. Specialty lenders may offer terms designed for higher-value vehicles.

May fit if

  • You expect to keep the car
  • Ownership is the priority
  • You prefer a conventional repayment structure

A lease

You use the car for a set term.

A leasing company owns the car during the term. Depending on the agreement, you may have the option to purchase it at the end.

May fit if

  • You change cars regularly
  • Keeping more capital available matters
  • You want to review the tax treatment with your advisor
Loan and lease structures may both be available for the same deal.

For a car you already have

Refinance

change the rate, term, or structure

Replace the financing currently attached to the car.

Cash-out refinance

access eligible equity without selling

Borrow against a vehicle you own while keeping it.

Lease payoff

keep the car at the end of the lease

Finance the buyout amount stated in your lease.

Other structures

Balloon loan

a larger balance remains at the end

Pay down part of the principal during the term, then pay or refinance the remaining balance.

Interest-only

pay interest first

Where available, the principal remains outstanding during an initial interest-only period.

Unsecured loan

no lien on the car

Approval is based primarily on the borrower's credit profile rather than the vehicle as collateral.

Availability varies by lender, vehicle, borrower profile, and state.

What matters to the deal?

Your financial, tax, and legal advisors can help you weigh these questions.

1How long do you expect to keep the car?
2How much capital do you want to keep available?
3Will the car be owned personally or through a business?
4Do you expect to sell, trade, or refinance it later?

See what's available for your deal.

Submit your profile and review the offers that come back.

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No obligation. No hard credit pull to start.

This page is educational and is not investment, financial, tax, or legal advice. Podium is a financing marketplace, not a lender, broker, or financial advisor. Offers and any final terms are provided by the lender and vary by borrower, vehicle, structure, and state. Consult your own financial, tax, and legal advisors before deciding how to finance a vehicle.

Deal Differently.
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