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What is a salvaged auto title? Do banks loan on these?



What is a salvaged auto title? Do banks loan on these?

salvaged title means its been sold to a junk yard or it has been rebuilt banks don't usually loan on salvaged titles
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When a car is in an accident and the insurance company feels it isn't worth fixing, they total it. Salvage titles reflect this and most lending institutions won't loan money on these cars.
Some shops repair these kind of cars but it will always have a salvage title. Just be careful if you buy one as it could be allot more trouble than the money you might save now.
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