Banks will generally only loan on rebuilt/branded

Mar 23, 2017
9:36:41pm

neboutefan 3rd String

title cars if the purchase price is less than low book, and the interest rate will usually be higher by at least a point.

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neboutefan

Bio page: neboutefan
Joined: Mar 21, 2015
Last login: Apr 28, 2024
Total posts: 4,880 (24 FO)

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Messages

Author

Time

Anyone have experience with buying a vehicle with a branded title?

Jeff Spicoli

3/23/17 9:30pm

I was talked out of doing it by CB and USAA

maxpowers

3/23/17 9:32pm

Financing/insuring can be an issue.

CosmoK

3/23/17 9:34pm

Banks will generally only loan on rebuilt/branded

neboutefan

3/23/17 9:36pm

We used this to bargain down the price and it worked when

soupie

3/23/17 9:40pm

Yep, it can be an excellent option for kid's first cars.

neboutefan

3/23/17 9:43pm

Check on the extended warranty. Some

johnnycarson

3/23/17 9:37pm

I think this is where my dad bought his Cadillac. It was brand new. Only had about 5k miles. He paid about 35% of what

vegasnative

3/23/17 9:49pm

But it's not all roses. If that car is not

johnnycarson

3/23/17 9:51pm

True. But it was so cheap he figured he would have to put a lot into before it wasn't worth it. He's had it long enough

vegasnative

3/23/17 10:08pm

schofim

3/23/17 10:08pm

I'm currently driving one

schofim

3/23/17 10:14pm

Should have also mentioned that I'll drive it until it drops.

schofim

3/23/17 10:19pm

Places that sell them usually can finance them.

CosmoK

3/23/17 10:39pm

Ascertain the extent of the damage -not all are a like -rear damage might be ok.

ClackamasCoug

3/24/17 12:56am

There are free car facts reports you can just google for this purpose.

soupie

3/24/17 7:37am

In my limited searching, most had extensive damage.

CosmoK

3/24/17 8:27am

Yes, which is why it makes more sense for a little older car. Doesn't take much damage to total it.

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