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Is it Hard to Get a Car Loan on a Rebuilt Title?
Getting a car loan on a rebuilt title is more difficult than on a conventional car. Banks view rebuilt vehicles as a higher risk since they have already had major issues and had to be restored. Many conventional banks don’t issue loans on salvage or rebuilt titles, so you may be forced to look to more specialized outlets to find financing. A car loan on a rebuilt title vehicle will almost always come at a higher interest rate than an equivalent standard titled car. Your credit score will also play a part in how likely a financial institution is to offer financing on a rebuilt title.
For more info, see Buying a Salvage Title: Facts to be Aware Of
