Financing a Conversion

[oldmansax]

OK I found a conversion that I have fallen in love with! Now for the hard part. How do you finance a bus? So far, everyone I have spoken to either said "nothing over 10 years old" with a straight face or doubled over laughing when I ask about financing a '73 MCI. I CAN do a second on the house but would rather not. Any ideas or connections?

[skihor]

An equity loans makes more sense since you could get a rate in the 6% range. Much less than a convential vehicle loan. Plus you own the bus (title) and could carry liability only IF you so choose.

[niles500]

Liability insurance is not an option in most states, although comprehensive and collision is - FWIW

[H3Jim]

I searched for months when buying my bus.  I could not find anyone that would finance it, or even come close.  Only a finished conversion (by a big name converter) or a seated bus.  Seated buses would be finanaced with a $3000 to $5000 a month payment, like it was in service.  Not really an option.  Crack open that home equity line, its your best bet.  Tax deductible too.