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Established Contributor
Posts: 711
Registered: ‎06-01-2012
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salvage title loan?

I found an SUV that solves a lot of my car issues. Its good on gas, would lower my monthly payment by $120 and is 2011 w 16k miles, so I would hope to not have many repairs.

 

The only issue is that its a salvage/rebuilt car. I bought a salvage car about 8 years ago, and it was the best car I had ever owned. So I'm comfortable doing so again. However last time I paid cash, this time I would need financing.

 

Is there any suggestions for doing so? are there lenders that deal with salvage/rebuilt lending?

 

Any advice is greatly appreciated as Im pretty new to this whole thing, and nervous.

 

thanks

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Established Contributor
Posts: 731
Registered: ‎08-12-2011
0

Re: salvage title loan?

Find out why it was salvage and rebuilt. Have the SUV inspected also. It seems like a pretty bad wreck to total out a 2011 w/ 16k miles on it. Or it could be a Sandy car that was flooded to all getout. If that is the case, do not buy that car.

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Established Contributor
Posts: 711
Registered: ‎06-01-2012
0

Re: salvage title loan?


bahbahd wrote:

Find out why it was salvage and rebuilt. Have the SUV inspected also. It seems like a pretty bad wreck to total out a 2011 w/ 16k miles on it. Or it could be a Sandy car that was flooded to all getout. If that is the case, do not buy that car.


I've decided against it. After talking with them I found out it was flooded and didnt want any of that. My last car was in an accident then rebuilt, and it was great, but I dont want to mess with flooding. My father in-law is a mechanic and said he would inspect it, but once I found that out I said nooooo.

In my wallet: Discover it 6800 CL, Capital One Quicksilver Sig 5k CL, Chase Freedom 4k CL, GCU Patinum Visa 1500 CL

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