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auto financing question - rebuild title

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Old 11-10-2006, 02:41 PM
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Default 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
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Old 11-10-2006, 05:00 PM
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Default 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.
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Old 11-12-2006, 08:36 AM
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Default 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?
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Old 11-13-2006, 10:17 AM
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Default Re: auto financing question - rebuild title

amount? sig loan?
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Old 11-13-2006, 04:42 PM
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Default Re: auto financing question - rebuild title

Originally Posted by Mr. Rooney
amount? sig loan?
not too big, around 36k
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Old 11-13-2006, 05:12 PM
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Default Re: auto financing question - rebuild title

36k for a F'ed up car. it better be a brand new porsche,ferrari, etc.
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Old 11-13-2006, 07:44 PM
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Default Re: auto financing question - rebuild title

Originally Posted by jjkamikaze
36k for a F'ed up car. it better be a brand new porsche,ferrari, etc.
It's a M5, and the car has been repaired thanks.
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Old 11-14-2006, 03:15 AM
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Default 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.
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