auto financing question - rebuild title
 

Maybe one of you out there is a loan officer or works at a bank and can help me out. I'm trying to finance a car that has a water damage/rebuild title and I've yet to find a bank that will touch it. The money isn't the problem - I've been approved otherwise. I have a great paying job, few bills, good credit and a paid off vette I can use that for additional collateral. The thing is as soon as the bank hears the title isn't clean then they don't want to finance it, period. Has anyone found a bank that doesn't care? I heard Langley FCU doesn't care but I'm not eligible for membership there.

Thanks!
Jeff

Re: auto financing question - rebuild title
 

I work for a mortgage company as a loan processor, I would ask first if you have a house? If you do do a cash-out refi and get some cash out of the equity of your house.

Re: auto financing question - rebuild title
 

Thanks for the reply but that's not an option for me. Looking to get financed somehow through a bank that doesn't care about the title. Any other ideas?

Re: auto financing question - rebuild title
 

amount? sig loan?

Re: auto financing question - rebuild title
 

not too big, around 36k

Re: auto financing question - rebuild title
 

36k for a F'ed up car. it better be a brand new porsche,ferrari, etc.

Re: auto financing question - rebuild title
 

It's a M5, and the car has been repaired thanks.

Re: auto financing question - rebuild title
 

The car hasn't been fixed. It still has a rebuild title and always will. Try a personal loan. That way they don't care what the money is going to be used for.