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VCCA Home Forums TECHNICAL - 1945 AND EARLIER 1933-1936 Car financing in 1934?

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Car financing in 1934? #254234 09/07/12 10:33 PM
Joined: Sep 2009 Posts: 396 Lee's Summit, Missouri Youngfalcon OP Backyard Mechanic
OP Youngfalcon Backyard Mechanic Joined: Sep 2009 Posts: 396 Lee's Summit, Missouri	Literature and Ads from 1934 show the Standard models selling for around $465. I'm wondering what would have been a typical down payment, monthly payment, interest rate, and number of months or years to pay the loan off. Anyone have an idea? Thanks for any replies! 1934 Three Window Coupe [img]http://www.youngsdecks.com/YoungsDecks/1934_Chevy.html[/img]

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Re: Car financing in 1934? Youngfalcon #254243 09/08/12 03:20 AM
Joined: Nov 2001 Posts: 5,906 Likes: 8 Issaquah, WA Bill Barker Former ChatMaster ChatMaster - 5,000
Bill Barker Former ChatMaster ChatMaster - 5,000 Joined: Nov 2001 Posts: 5,906 Likes: 8 Issaquah, WA	I have a Bill of Sale for a 1931 Chev. in April 1931. It lists: Chev Spt Sedan 650.00 Freight 52.00 Finance Charge 57.28 License/Equipment 80.00 Filing Fee 2.00 --------------------- TOTAL 841.28 SETTLEMENT Cash on Delivery 2.00 Previous Deposit 270.00 Finance 569.28 ($47.44 - 12 months) -------------------- TOTAL 841.28 --Bill Barker

Re: Car financing in 1934? Bill Barker #254283 09/08/12 07:25 PM
Joined: Sep 2009 Posts: 396 Lee's Summit, Missouri Youngfalcon OP Backyard Mechanic
OP Youngfalcon Backyard Mechanic Joined: Sep 2009 Posts: 396 Lee's Summit, Missouri	Bill, Thanks for the reply. Looks like the loan interest was about 10%. Anyone else have some 1930's era car financing records to share? 1934 Three Window Coupe [img]http://www.youngsdecks.com/YoungsDecks/1934_Chevy.html[/img]

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