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    Can you get a loan on a salvage title car?

    If you ever find yourself facing a short-term financial crisis, it may occur to you that one way of securing funds quickly is to get a salvage title loan.

    Many people have found that taking out a loan that uses the title to their vehicle as collateral was just what they needed to help them get through a period of financial distress in their lives.

    You may be wondering if you can get a loan on a salvage title, well with us as long as you have the equity value in your vehicle, we will be able to help you.

    Salvage Title Loans

    But what if your vehicle is a salvage title car—that is, one that has been “totaled” by an insurance company? Is it possible to still get a title loan on it?

    The answer to that question is, yes! Let’s see how we can get you the salvage title loans that you need.

    What Is a Title Loan?

    A car title loan is a short-term loan that allows you to borrow the money you need based on the value of a vehicle you own. This type of loan uses the title to your car (and not the car itself) as collateral. The loan company will hold the title until the loan is repaid. In the meantime, you continue driving your car.

    Car title loans are particularly suitable for people who need additional funds fast.

    What Is a Salvage Title Car?

    A salvage title car is one that has been severely damaged, perhaps in an accident or flood, to the point where an insurance company decided it wasn’t worth repairing. In other words, it’s a vehicle that’s been “totaled,” meaning that it’s been declared a total loss.

    When a car is totaled, the law requires that its title certificate must be clearly marked, or branded, as “salvage” so that the car’s status is clear to any potential buyer. It’s that “salvage” designation on the title certificate that identifies a vehicle as a salvage title car.

    Salvage car title loans
    Get the best salvage title loans

    How Can I Get Salvage Title Loans?

    If you want to get a salvage title loan, you must have a vehicle that had enough equity in it, as long as you have enough equity in your vehicle, we will be able to help you.

    If you are wondering can I get a loan on a salvage title car, the answer is yes, and we will help you to get the maximum amount of money that you need.

    Can I Get A Salvage Title Loan With Bad Credit?

    If you have bad credit, do not worry, we will still be able to help you get your salvage title loan, as we do not approve you based on your credit, we will approve you on the equity that you have in your car.

    Can You Get A Title Loan on a Salvage Title?

    Normally, traditional lenders, such as banks or credit unions, won’t offer you a loan on a salvage title car. But we are able to help you to get a title loan on a salvage title.

    That’s because traditional lenders associate a great deal of risk associated with a vehicle that’s so badly damaged that it’s been declared not worth repairing, but we can help you by getting a loan on a salvage title.

    Kelley Blue Book, for example, says that the typical salvage title car is worth only 20% to 40% of what it would be worth if it had a clear (that is, non-salvage) title.

    However, there are specialty lenders who, under the right conditions, are happy to offer you a loan on your salvage title car. SO if you want to get a loan on a salvage title, we can help you with that.

    What are the “right conditions” for you to get a loan on your salvage title car? TFC Title Loans is a major nationwide car title loan company.

     Requirements For Getting A Salvage Title Loan:


    • You must have a valid car title certificate (sometimes called a pink slip) in your name, showing that the car legally belongs to you.
    • The car must be roadworthy and not significantly damaged because of an accident. TFC, for example, will briefly inspect your car to verify its condition.
    • You must have enough income to make your monthly loan payments. Note that because the title to the car is collateral, getting a loan doesn’t depend on your credit rating. Having bad credit, or even no credit, won’t necessarily disqualify you. Although a lender like TFC will check your credit score, it’s only to verify that you’re not currently in bankruptcy or undergoing credit counseling.
    • You must have sufficient equity in your car. Equity is simply the fair market value of the vehicle, minus any outstanding loan balance. Most lenders will only loan up to 50% of the appraised fair market value of your car. But, if the car is totally paid off, TFC will loan you up to 85% of the Kelley Blue Book value. And even if you still have a few finance payments to make, if you have enough equity in the vehicle, you can still get a title loan!
    • You must have proper documentation, as explained below.

    What Documentation Do I Need For Salvage Title Loans?

    Before giving you a title loan, there are certain documents your lender will want to see:

    • Title certificate — Before you can receive a loan on your vehicle, it must be clearly established that you legally own it. That’s done by providing a title certificate in your name.
    • Proof of your identity — You must provide documents, such as a driver’s license, state ID, passport, etc., to verify your identity.
    • Proof of your residency — You are only permitted to get a title loan from the state where you live. So, you’ll need to provide documentation, such as a utility bill, phone bill, house deed, or a lease receipt, to establish your address.
    • Proof of your income — A lender needs documentation to verify that you have enough income to make your loan payments each month. This could be a paycheck stub, a bank statement, a Social Security benefits statement, etc.
    • Proof of insurance — You must have comprehensive coverage for your car so that its fair market value is protected if it should be involved in an accident or suffer other damage.
    • Pictures of your vehicle — Photos are required to verify the general condition of the vehicle.
    • References — You’ll need to provide detailed contact information for at least two personal or professional references.

    Although it’s not always required, you may want to supply your lender with additional documentation, such as a mechanic’s statement regarding the condition of the car, receipts for any repairs that have been made, a state inspection report, etc. The more documentation you can supply to show a lender that your vehicle is a low risk, the better your chances of being approved for the loan. And it may even lower your interest rate.

    With most online lenders, you can supply these documents using scanned or smartphone images that you upload to their website or send by email.

    If You’re Looking for a Salvage Title Loan, We Can Help!

    Here at TFC Title Loans we specialize in helping people get the funds they need quickly, without unnecessary hassle. Whether your vehicle has a clear title or a salvage title, we’re eager to work with you to get your loan application approved and funded in as little as 24 hours. So, please contact us to get your application started or call us today at 844-242-3543.


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    DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

    We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

    *Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

    *Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

    *Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

    *All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

    *The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

    *In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

    *Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

    *Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

    *Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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