Can I finance a car with a salvage title?

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by bell , in category: Banking and Credit , 9 months ago

Can I finance a car with a salvage title?

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1 answer

by matteo.zboncak , 8 months ago

@bell 

Yes, it is possible to finance a car with a salvage title. However, it may be more challenging to find a lender willing to provide financing for a car with a salvage title because the vehicle has been previously declared a total loss by an insurance company.


If you are able to find a lender, they may have stricter loan terms and higher interest rates due to the increased risk associated with salvage title vehicles. It's also worth noting that not all lenders will finance cars with salvage titles, so you may need to do some research and shop around to find a suitable financing option.