What are Salvage Title Loans?
Salvage title loans work by allowing you to pledge your salvage vehicle as collateral in order to secure he loan. A title lender will add a lien to your vehicle’s title after the loan is funded, which will give them a legal claim to your vehicle throughout the duration of the loan. In most cases, you will be able to maintain access to your vehicle while you make payments on your loan. Title loans are typically much more flexible than unsecured loans, making them a convenient option for subprime borrowers who need emergency cash.1
A salvage title is a type of branded title. It is issued when a vehicle is in such bad shape that the cost of repairs exceeds its current value. Typically, a vehicle with a salvage title is written off as a total loss by the insurance company. In many states, a car with a salvage title can be driven on public roads once it has been sufficiently repaired and inspected by the state. There may have been extensive damage to the vehicle due to a major accident, flood, or even a fire. If life throws a curveball at you like a car accident, you may not be able to prepare for it. According to the Bureau of Labor Statistics, over 13 car accidents occur per minute.
Looking to apply for a title loan with a previously damaged car? It is possible to apply for salvage title loans online or over the phone today! If you have a salvage car title in your name, you can apply for ChoiceCash title loans serviced by LoanMart online today. Click here to fill out the online application form, or call 855-422-7402 today to get in touch with a ChoiceCash title loan agent.1
Can You Get a Title Loan on a Salvage Title?
If you have a previously damaged vehicle and need emergency cash, you may be wondering if you can get a title loan on a salvage title. In order to qualify for a salvage title loan, you will need to meet the initial criteria for the loan and submit the necessary paperwork to verify your information.1
While it is possible to get a title loan with a damaged car, there are a few initial title loan requirements hat you should be aware of:1
- You Need to Be at Least 18 Years Old to Apply for a Title Loan on a Salvage or Reconstructed Vehicle
- You are Required to Provide Proof of Your Ability to Repay the Loan
- Your Vehicle Will Need to Be Roadworthy, i.e. It Must Have Been Fully Repaired
Do you have any questions about applying for salvage title loans? Visit the FAQ page or call 855-422- 402 to speak to a ChoiceCash title loan agent and learn more about the application process! You can apply for salvage title loans online today from the comfort of your home.1

What are Rebuilt Title Loans?
A rebuilt title is issued by the applicable Department of Motor Vehicles (DMV) or equivalent after a salvage vehicle has been adequately repaired and inspected. It indicates that the car has been rebuilt and is now roadworthy. Typically, the car will need to be inspected at a state-approved inspection facility. If a car is issued a rebuilt title, it implies that the vehicle has been damaged in the past. It can be risky to purchase a vehicle with a rebuilt title, but it can be much cheaper than buying a used vehicle with a clear title.
A rebuilt title loan is similar to a salvage title loan, and you can use your car’s title as collateral for the loan in order to obtain emergency funding.1 3 If you have a reconstructed car and a rebuilt title in your name, you can apply for ChoiceCash title loans online today. Use ChoiceCash’s online title loan calculator tool to get an estimate of your reconstructed car’s equity and obtain a loan quote with no obligation. Borrowers who are eligible for rebuilt title loans could get quick funding as soon as the next business day!1
Can You Finance a Rebuilt Title Car?
Searching for a lender who offers auto loans on cars with rebuilt titles? Generally, it will be tough to find a lender willing to finance a car with a rebuilt title. Although cars with rebuilt titles have undergone many repairs to become roadworthy again, they could have hidden issues that may be expensive to fix, so they are quite risky. Additionally, they can be difficult to insure or resell. You may have to do quite a bit of research to find a lender, but it is possible to finance a rebuilt title car!
What Happens to a Title Loan When a Car is Totaled?
Let’s say you take out a title loan, and the vehicle ends up being totaled because of a car accident or another unexpected event. Your first step should be to contact your insurance company and the title lender as soon as possible. If your insurance company decides that your vehicle is a total loss, then it has been severely damaged beyond repair, or the cost of repairs would exceed a certain percentage of the car’s value prior to the accident. Depending on your coverage, the insurance company will usually offer you a cash settlement that is based on the value of your car (minus any applicable deductibles). You could use that money to pay off the remainder of your title loan.
Some title loan lenders require an applicant to provide proof of car insurance during their loan application. Accidents can happen unexpectedly, and if you drive a car regularly, then you should be prepared for them. It is important to understand that if you take out a title loan and your vehicle is totaled, you will still be responsible for paying off the remaining balance of your title loan.

Where Can I Find Salvage Title Loans Near Me?
You might be wondering, “Where can I find salvage title loans near me?” With ChoiceCash title loans serviced by LoanMart, you can apply for salvage title loans online or over the phone today with no hassle! Take a closer look at the quick, three- step process to apply for emergency funding:1
- Call or Click Online: Just use your smartphone or computer to fill out an online prequalification form. Additionally, you can call a ChoiceCash title loan agent at 855-422-7402 and apply over the phone.
- Upload the Required Documents: In order to get a title loan with a salvage or reconstructed ar, you will need to submit a few documents to verify your income and other pertinent information. You can expect to need proof of income, a valid, government-issued photo ID, proof of address, a few recent photographs of your vehicle, and a car title to a qualifying vehicle in your name. You may be asked to provide a few references during your application as well.1
- Find Out if You Qualify for Salvage or Rebuilt Title Loans: If you are approved for the loan, ou can sign your contract and discuss your loan terms with your title loan agent.1 If you qualify for a ChoiceCash title loan, you can choose between a few different ways to collect your money:1
- Direct Deposit
- A Check in the Mail
- Have the Funds Added to a Debit Card
- Pick Up Your Funds at a Participating Money Transfer Location Near You
With ChoiceCash title loans serviced by LoanMart, eligible borrowers could get their funds in as little as one business day, so why wait to see if you qualify? Apply for salvage title loans online or over the phone today!1
Frequently Asked Questions
What are Salvage Title Loans?
Salvage title loans work by allowing you to pledge your salvage vehicle as collateral in order to secure he loan. A title lender will add a lien to your vehicle’s title after the loan is funded, which will give them a legal claim to your vehicle throughout the duration of the loan.
Can You Get a Title Loan on a Salvage Title?
In order to qualify for a salvage title loan, you will need to meet the initial criteria for the loan and submit the necessary paperwork to verify your information.1
What are Rebuilt Title Loans?
A rebuilt title loan is similar to a salvage title loan, and you can use your car’s title as collateral for the loan in order to obtain emergency funding.1 3 If you have a reconstructed car and a rebuilt title in your name, you can apply for ChoiceCash title loans online today.1
What Happens to a Title Loan When a Car is Totaled?
Accidents can happen unexpectedly, and if you drive a car regularly, then you should be prepared for them. It is important to understand that if you take out a title loan and your vehicle is totaled, you will still be responsible for paying off the remaining balance of your title loan.
Where Can I Find Salvage Title Loans Near Me?
With ChoiceCash title loans serviced by LoanMart, you can apply for salvage title loans online or over the phone today!1 Just use your smartphone or computer to fill out an online prequalification form. Additionally, you can call a ChoiceCash title loan agent at 855-422-7402 and apply over the phone.