Quote:
Originally Posted by Unobtanium-inc
You can't get a loan on a car with salvage history, at least not from most banks or credit unions
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Complete BS misinformation Adam. I’m shocked that you can speak to the policies of “most” banks or credit unions. That’s a lot of financial institutions........... I’ve been buying salvage title vehicles for over 20 years. Many members of my extended family have been buying salvage title vehicles for longer than that. Multiple banks (large and small), states, insurance companies, etc. and never been turned down. Some banks have a lower loan to value criteria, or may require proof of repair. I think the general public would be shocked how many ST cars are on the road and I would hazard a guess that most are financed. It’s too big of an industry for banks to walk away from. Some maybe....but certainly not most as you claim.