OK I have about $5,000 negative equity on my truck... I found a PERFECT 2005 Hyundai TIBURON GT, 11,000 miles for $10,000... the reason why it was priced so cheaply is because the dealership purchased the vehicle from an auction by an insurance company. Apparently, the car was a stolen vehicle that was found after the insured person was paid therefore the car was salvaged... My question is, will I be able to get a loan for the amount of what the car should be worth $19,000 to eat up my negative equity I have on my truck? Will they even give loans on salvaged titles?
2007-05-25
02:46:23
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8 answers
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asked by
verdepyt
1
in
Buying & Selling