If you have bad credit and find a vehicle that has a rebuilt or salvage title, you should know that subprime lenders lenders that deal with bad credit probably arent going to finance it. Any car you want to buy with an auto loan typically needs to have a clean title. Salvage and rebuilt titles are title brands, and the vehicle you choose to finance usually cant have either.
Why Most Lenders Dont Finance Branded Title Vehicles
Salvage and rebuilt are just two of many types of branded titles, but theyre the most common. Salvage titles are issued when a car has extensive damage from an accident or natural disaster. personal loans refinance Rebuilt titles sometimes called repaired or reconstructed are vehicles that were once listed as salvage that have been repaired.
In order to finance a car with a bad credit auto loan, the vehicle you choose usually must have a clean title. Sigue leyendo Can I Finance a Rebuilt or Salvage Title Car?
