Can I get a loan for a rebuilt title car?

Can you get a loan for a rebuilt title? I’m buying a new car and will need a loan to pay for it. The car I like has a rebuilt title. Is it possible to get financing?

Congrats on the new car! Although getting a loan on a rebuilt title is difficult, it is possible.
Generally, banks are more reluctant to authorize loans on a rebuilt title as they are higher-risk vehicles. For this reason, lots of banks choose not to issue loans on rebuilt or salvage titles at all, so you may need to look at more specialized outlets for financing.
You should also know that if you get a loan for your rebuilt title, it will often come at a much higher interest rate than a standard titled car—even if it’s the same make, model, and year.
Once you find a loan for your new car, you’ll likely need full coverage car insurance to protect it. For the best insurance rates, use Jerry.
Jerry is a fully-licensed broker backed by an experienced team of agents dedicated to saving you time and money on car insurance. In fact, the average Jerry user saves $879 a year!
Chloe Jenkins
Answered on Nov 11, 2021

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free