I guess it depends how much money he needs to borrow. Maybe a personal loan could make up the shortfall rather than a vehicle loan?
I guess it depends how much money he needs to borrow. Maybe a personal loan could make up the shortfall rather than a vehicle loan?
Local Credit union (onpoint) has done 2 of them for me. When I asked they said they didnt care if it was branded.....
Interesting. IIRC our local credit union will not lend on cars with a salvage title.
Here in Ohio, a salvage title means " not fit to be on the road." I would suspect that banks will not lend on them.
But... once a salvage title car has been properly put back together and inspected by the state police, the car is given a re-built title. This means, "now fit to be back on the road." I would suspect that banks will lend on these.
Said another way, is your son trying to buy a damaged car which he will rebuild himself? Or, is he trying to buy a car that was once damaged but is now looking good?
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