What can you tell me about salvage title financing?

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.

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.

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.

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.