Getting a car title loan is rather easy when you have a clear title to your car. But it can get somewhat challenging when you need a title loan and have a salvage title because the resale value of the car is significantly diminished,

However, there are some dedicated car title loan companies that work with salvage titles if the car is in running condition. Here is everything you need to know about obtaining a an equity loan on a salvage title vehicle near you.

What Will You Need?

Getting a title loan on a salvaged title vehicle can be simple and quick with the right lender. Most lenders will only require the borrower to be 18 years or above and have a free and clear title to their salvage car. This means that you should not have any pending installments in case you financed the salvage car.

The car should also be in running condition and in your name. In case the car title has two names on it, then both signatures are required on the application form. You can skip this step, if there is an and’ or an and/or’ between the names.

Many lenders do not require visual inspection of the vehicle. Just the mileage, make, model and year of the vehicle are enough. There are some lenders who need bright and clear pictures of the car from all sides. This is often the case with salvage title cars.