Monday, February 6, 2012

Salvage Auto Loan? 2 Questions!! Help!?

Hello everyone, I have a few questions for you all today:



I want to buy a car with a salvage title, (does not run). This car would be a project, as it needs various engine components, hood, fenders, bumpers, lights, windshield, etc... I would be taking out a loan for about $6000 for this car.



My first question is: can I take out a loan for this car, other than an auto loan? If you take a loan out for a car, you must put full coverage on the car. In my case, I would be working on this car for about a year, and I won't be driving it, so I don't want to have to pay for full coverage when it won't be leaving my shed. Is there any way to avoid this?



My second question is: If I were to replace the stock hood, fenders, bumpers, engine components etc, with aftermarket parts, such as body kits or air intakes, will that affect my car when I take it to the DMV, to get a non-salvage title?



Thanks in advance for your help!Salvage Auto Loan? 2 Questions!! Help!?
once a salvage title always a salvage title. Doesn't matter what you do to repair it, or restore it. Most insurance companies won't insure a salvage title car due to crooks in the business selling faulty cars with salvage titles. So check with ins. co. in your state before even thinking about it.Salvage Auto Loan? 2 Questions!! Help!?
dont buy a salvage title car, you will regret it from all the fixing

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