How can you get a loan for a salvage title car?
I’ve never owned a car, but I’ve been thinking of purchasing my first one before winter. My friend owns a small used car dealership, and he found a vehicle I’m very interested in. The only problem is that it has a salvage title, and he said getting a loan could be hard. How can you get a loan for a salvage car?
- Local banks
- Credit unions
- Online lenders
- Specialized car loan lenders
- Driver’s license and proof of residence
- Proof of income and employment
- Information about the vehicle, including a list of repairs done or a mechanic’s report if possible
- Proof of insurance