You might be thinking that having a car with a salvage title could be a problem if you’re looking for an auto title loan. Since a salvage title can reduce the value of your vehicle, some lenders may not be willing to consider you for the loan, but that’s not to say you’re completely out of luck. So what does it mean to have a salvage title and how can you get an auto title loan if you have one?

What is a Salvage Title?

Your car title should clearly state if the vehicle has been salvaged. In a lot of states, the title will have its branded status in large, unmissable letters or it will show as being salvaged elsewhere on the title. For example, in California, the title may show as Salvage in the top right corner, under Vehicle History. Other states may have a different style of title or a completely different color altogether.

In most cases, the title will show as Salvage if vehicle has been in a serious accident and has been deemed to be a total loss by the insurance company. In other words, the insurance company has determined that the repairs will cost more than the vehicle is worth.

The insurance company will pay the owner the value of the vehicle, take possession of the vehicle and then sell it to recover at least some of the payout. In this situation, an auto repair company will typically either scrap the vehicle for spare parts or, depending on the damage, rebuild it.

There are two things to be aware of if your vehicle has been salvaged:

  • Your car may not be as safe as a regular vehicle
  • Your car’s value may not be as much as a regular vehicle

If you own a salvaged vehicle, you should know that it might not be as safe as a regular vehicle in a major accident. For example, if your vehicle was salvaged and rebuilt after a head-on collision, it might not protect you as well as it should if it’s involved in a second one.

Also, your vehicle won’t be worth as a much as a comparable vehicle of the same make, model, year and mileage. Any time a vehicle suffers damage as a result of an accident, the value of the vehicle goes down. Therefore, if your car has been involved in a major accident and then rebuilt, its value can go down significantly.

Where Can I Get a Title Loan With a Salvage Title?

The good news here is that many lenders may be willing to lend you money, even if you have a salvage title. 1 The bad news is that you won’t be able to get as much as you would with a regular title. The exact amount will depend on the lender and their requirements for lending, but you could find yourself with half the amount you might otherwise get with a regular title. 1

You could, of course, use a different vehicle for the loan or shop around until you’ve found the best deal, but in most situations you’ll want to get your money as quickly as possible.

That being the case, you’ll want to find a lender who can not only give you the most money for your vehicle but can also get you your money quickly.


What’s the Best Auto Title Loan if I Have a Salvage Title?

If you’re looking for the best deal for an auto title loan – whether you have a salvage title or a regular title – you need look no further than a ChoiceCash Auto Title Loan, serviced by LoanMart.

Trusted by thousands of borrowers across the country, a ChoiceCash Auto Title Loan could lend you more for your salvage title. 1 The entire application process can be completed from the comfort of your own home, with no on-site vehicle inspection, and with a quick turn-around of just 24 hours or less. 1

To get started, you only need to visit or call (855) 914 2945 toll-free. After answering a few basic questions about yourself and your vehicle, you’ll find out if you’re pre-qualified and how much you could borrow. Best of all, it only takes a few minutes.

You might also be a little concerned if your credit isn’t the greatest, but with a ChoiceCash Auto Title loan, serviced by LoanMart, that’s not a concern. Since you’re using your vehicle as collateral, your credit is not a major factor in the decision-making process. As long as you’re not in an active bankruptcy and you can demonstrate you’re able to make your payments, the chances are a ChoiceCash Auto Title loan could provide the solution you need.

What Documents Are Required for a ChoiceCash Auto Title Loan?

Once you’ve been pre-approved, your loan officer will discuss the next steps and let you know how to send in your documents. These will include:

  • Proof of Income – for example, pay stubs or award letters.
  • Proof of Residency – almost any mail dated within the past 30 days
  • Vehicle Photos – front, back and sides, plus the odometer and VIN
  • Photo ID – must be government issued
  • Your Vehicle Title – it must show you as the owner of the vehicle
  • References – can be personal or professional

Fortunately, most of us have these documents easily available and they can be quickly submitted via secure website, email or even SMS text message. Once they’ve been reviewed and approved, your loan specialist will send you your agreement, which you can sign electronically. You can then have your money deposited directly into your bank account for even greater convenience.

What Makes a ChoiceCash Auto Title Loan the Best?

There’s one thing that a ChoiceCash Auto Title Loan, serviced by LoanMart offers that many others don’t: reduced payments. 2 With a regular auto title loan, once the money’s gone you’re left with the repayments until the loan is repaid in full.

That’s not how a ChoiceCash Auto Title loan works. When you make your monthly payments on-time, your annual interest rate can go down and your monthly payments can also go down as a result. 2 You’ll then be able to save the money or put it towards other regular expenses, such as groceries or utility bills.

What if you need more money in the future? With other loans, you might be out of luck but with a ChoiceCash Auto Title Loan you could borrow more – and at the same low rate of interest you’ve earned through your excellent payment history. 2

Great loan amounts for salvage titles, fast funding, reduced payments and the ability to borrow more in the future – why waste time with other lenders who could turn you down? Call (855) 914 2945 toll-free or visit and you could be holding your money today! 1