I'm looking at a 2003 Ford Explorer with 75,000 miles. It has a salvage title. The seller wants $4,000.00 for it. Will I be able to even get a loan for this since it has a salvage title? The vehicle has been completely fixed.
That is up to the lender. Any supporting documents you can provide as to the vehicle's value will help because the book value and auction price valuations will not support this car, because of its prior condition. It also depends on the year, make, model and demand for that particular vehicle. You won't know until you ask.
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That is up to the lender. Any supporting documents you can provide as to the vehicle's value will help because the book value and auction price valuations will not support this car, because of its prior condition. It also depends on the year, make, model and demand for that particular vehicle. You won't know until you ask.
