finance






 

Question by  KellyV (20)

What can you tell me about salvage title financing?

 
+6

Answer by  tamarawilhite (17883)

They are very unreliable - and you are trying to take a loan out on a vehicle that typically been in accidents but may have been flooded.

 
+6

Answer by  MarkWatrous (729)

Don't walk, RUN the other way. A car with a salvage title, means that the car has been in some serious trouble and it's only use is for parts. There are a few firms that will finance your junker, but be prepared to pay through your nose on the rate.

 
+4

Answer by  tamarawilhite (17883)

Salvage titles are hard to find financing for because you do not have clear title to the vehicle. You may get 10-15% interest on the loan if at all.

 
+1

Answer by  JustinBeck (20)

I do not know what salvage title financing is at the moment. My guess is that it would have to do with purcashing a vehicle that there not a owner of, or the owner has died or cannot be found.

 
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