I'd like to get a fixed salvaged truck because its much cheaper. Wondering if anyone knows if I can finance through a credit union auto loan or needs to be a personal loanCan you finance an auto loan for a salvaged vehicle?
If %26amp; only if it now has a good title, you MAY be able to get some places to finance you if your credit is very strong and you are borrowing a good bit less than its retail value.
Depends mostly on your credit.
Without good to very good credit, you don't stand a chance.
Previous salvage cars are worth no more than 60-75% of what they would be if they hadn't been previous salvage. Therefore, banks wont want to lend more than that.
And some places wont finance any previous salvage car.Can you finance an auto loan for a salvaged vehicle?
No. No lender will finance a salvaged vehicle. It has no value at all and most states will not insure a salvaged car.
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