Can you get a title loan on a salvage title car?

Daniel Joelson

Daniel Joelson

Total Posts: 508

Published Date: May 3, 2023

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

TFC Title Loans can help you іf you’rе іn nеed of money but concerned about your salvage title. Although we specialize in offеring car title loans on salvage titles, we are aware that conventional title lenders might be hesitant to offer loans for vehicles with salvage titles.

Owners of vehicles with salvage titles may find salvage title loans to be very helpful. TFC Title Loans is here to give you the financial help you require, no matter if your vehicle has a salvage title or not.

You are able with us to usе the equity value of your vehicle as the collateral to obtain a title loan through our salvage title loan program. Wе will decide the value of your car using a numbеr of things, including the make, modеl, year, and general condition.

Your Title Loan With A Salvage Title

Thіs will allow us to calculate how much of a loan you can qualify for. No matter the status of your vehicle title, everyone deserves the option to get the money they need on the vehicle equity. Qualifying for a salvage title loan is quick and easy thanks to our  fast application process.

Wе work hard to get your application  approved and get the funds you need as soon as possible. You can get the money you require with an online salvage title loan from TFC Title Loans. 

Our staff are committed to offering first-rate customеr support and helping you throughout the loan process. Avoid letting a salvage title kееp you from getting money that you need. To discuss your optіons for a salvage title loan, get in touch with us today.

Your Salvage Car Title Loan Option

To find a solution that fits your financial needs, our tеam wіll work with you. You can rely on us to give you the best title loan service.

Taking out a salvage title loan from us to get the cash that you need today. Wе are dedicated to supporting you, and get you the emergency money you need.

 Salvage title loans are a type of loan specifically designed for vehicles with salvage titles, but they come with unique requirements and risks. In this article, we will explore what salvage title loans are, how they work, the pros and cons, and tips for navigating salvage title financing.

Salvage title loans today
Salvage title loans today

Understanding Salvage Title Loans

Before delving into the specifics of salvage title loans, it’s important to understand what a salvage title is. A salvage title is a type of vehicle title that is issued when a car is damaged to the point that it is deemed a total loss by the insurance company. This can happen due to accidents, natural disasters, theft, or other incidents.

When a vehicle has a salvage title, it means that it has been written off as a total loss by the insurance company. The title will reflect this status, and the vehicle will no longer be considered roadworthy until it is repaired and inspected by the appropriate authorities.

Difference Between Regular Title Loans And Salvage Title Loans

When you get a cash advance with a vehicle with a salvage title, you are going to get the cash that you need, but the advance rate will be lower. As a result, lenders may have stricter requirements for salvage title loans than they do for regular car title loans.

Salvage title loans work in much the same way as regular car title loans. The title loan company will provide you with a loan based on the equity of the vehicle, and you will make monthly payments to repay the loan over time. However, there are some key differences to keep in mind.

You will not get the same amount of money with a salvage title, you can expect to get about 40 % less.

Salvage vehicle title loans may come with higher interest rates than regular car title loans. This is because the lender is taking on additional risk by financing a vehicle that has already been declared a total loss.

Salvage title car title loans
Salvage title car title loans

 Pros And Cons With Auto Title Loans With Salvage Titles

Before deciding whether to apply for a salvage title loan, it’s important to weigh the pros and cons. Here are some of the key advantages and disadvantages to consider:


  • Can provide money for vehicle equity within 24 hours.
  • May have lower interest rates than other types of financing, such as personal loans, payday loans, or credit cards.
  • May be a good option for people with bad credit history who are unable to obtain financing through other means.


  • The amount of money you can get will be less than traditional title loans.
  • Salvage title vehicles may be difficult to insure, which can lead to higher insurance rates or difficulty obtaining coverage.
  • May have stricter requirements and higher interest rates than traditional car title loans.
  • Vehicle can be repossessed for non payment.

How to Get a Title Loan With a Salvage Car?

If you’re interested in obtaining an auto equity loan for a salvage title vehicle, here are some steps to follow:

  1. Research lenders that offer salvage title loans. Not all lenders offer this type of financing, so it’s important to find a lender that specializes in salvage title loans.
  2. Gather documentation. You’ll need to provide documentation of the vehicle’s salvage title, as well as proof of income, identification, and other requirements.
  3. Apply for the equity loan. Once you’ve found a lender and gathered the necessary documentation, you can apply for the loan.
  4. Close the loan. If your application is approved, you’ll need to sign the loan agreement and provide any additional documentation required by the lender.

What Lenders Look for in Salvage Title Loans

When evaluating an online salvage title loan application, lenders will consider a variety of factors. Some of the key criteria they may look at include:

  • The value of the vehicle
  • The borrower’s credit score and financial history
  • The borrower’s income and employment status
  • The borrower’s proof of residence
  • The condition of the vehicle 
Car title loans for cars with salvage titles
Car title loans for cars with salvage titles

Requirements for Rebuilt Title Loans

The requirements will vary depending on the lender. However, some common requirements may include:

  • Proof of income
  • Identification
  • Proof of insurance
  • Proof of residency
  • A valid salvage title for the vehicle

Additionally, some lenders may require a minimum credit score or a certain amount of time at a current job.

How Much Can You Borrow with a Salvage Title?

The amount you can borrow with a salvage title loan will depend on the value of the vehicle and the lender’s requirements. In general, salvage title loans may be for smaller amounts than traditional car title loans, as the lender is taking on additional risk. If you are searching for a salvage title loan near me, with our large network of referral lenders, we can help you no matter where you are living.

Tips for Navigating Salvage Title Financing

If you’re considering a salvage title loan from TFC Title Loans, here are some tips to keep in mind:

  • Work with a lender that specializes in salvage title loans.
  • Research the value of the vehicle to ensure that you’re getting a fair deal.
  • Be prepared to pay higher interest rates than you would for traditional car title loans.
  • Expect to receive less money than a title loan with a clean title

Risks to Consider Before Applying for a Car Title Loan

With all title loans the biggest risk is not being able to make the monthly payments, and then having your vehicle repossessed.

So it is vital that the loan that you choose has the lowest interest rate, and affordable monthly payments.

Not all lenders will offer the same terms, and some will ask for upfront fees, and penalties if you pay off early, so you must choose your lender wisely.

Before applying for a salvage title loan, it’s important to consider the risks. Some of the key risks include:

  • The title loan may have high interest
  • The monthly payments may be expensive
  • Check to see if there are additional fees upfront
  • Are there any prepayment penalties

Conclusion – Start the Salvage Title Loan Process Today!

 Rebuilt title loans allow borrowers to use a vehicle that has been previously damaged and rebuilt as collateral for a loan.

Salvage title loans or rebuilt title loans offer more flexibility and better terms than other forms of emergency loan financing. This type of loan can be a good option for those who need quick cash.

However, it’s important to note that interest rates for title loans can be high, so it’s important to carefully review the terms of the loan before signing any agreements. Ultimately, it’s up to the borrower to weigh the pros and cons of each option and make the best decision for their financial situation.

We have the largest network of lenders that we work with , they are all in compliance with the CFPB, you you know that you will be working with a trustworthy lender.

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How Much Cash Can i Get?

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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