Yes, it is possible to get a title loan on a salvage vehicle*.
It is a common misconception that you cannot get a title loan on a salvage vehicle. While the process can pose a few more challenges than a typical loan, it is still possible. The challenges arise because it is more risky to provide loans on cars that suffered extensive damage.
One difference in this loan process is that after your pre-approval you will be often asked to provide documentation regarding the damage and repairs that were done on the vehicle. This documentation and proof of insurance are important and can help determine whether you will be approved or not.
*Keep in mind, some lenders may choose not to provide title loans on salvaged vehicles. If you have a salvage vehicle it is best to contact your chosen lender in advance.
B. How Salvage Car Title Loans Work?