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Can you get a loan for a rebuilt title car?
Every year, my local mechanic has his apprentices and new hires practice by repairing incredibly nice vehicles with salvage titles. Once they’ve all finished their repairs and gotten rebuilt titles, they have a small car show and auction off the cars. I’ve had my eyes on one for a while, but can you get a loan for a rebuilt title car?
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That sounds like a great way to train mechanics, and the event sounds like a blast! The good news is that you can get a
car loan
for a rebuilt title
car. But you need to find a lender that’s comfortable accepting the risk associated with a salvage vehicle. Large national banks are unlikely to offer a loan for a car with a rebuilt title, so you may want to shop around and compare offers from:
- Local banks
- Credit unions
- Online lenders
- Specialized car loan lenders
Keep in mind that before your loan application is finalized, your lender needs to see
proof of insurance
. If you want to quickly and easily compare quotes from over 50 different insurance companies, many of whom offer policies for rebuilt titles, you should download the
Jerry
app! After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. So why do all that extra work when Jerry can do it better?
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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