or would this be considered a salvaged title?
2007-04-08 10:15:14 · 6 answers · asked by bgbg1973 2 in Cars & Transportation ➔ Motorcycles
You should be able to. I bank at a credit union and befor I got the bike I have know I was looking at one with a salvaged title. My loan officer said they would loan up to 50% of book value. Hope you get your bike.
2007-04-08 10:23:09 · answer #1 · answered by grab life by the bars 2 · 1⤊ 0⤋
Sure, why not? As long as it is new enough to still have good value, this should not be a problem.
There would have to be major damage to the vehicle for it to have a salvage title - at that point, you might have difficulty getting a loan.
2007-04-08 21:39:43 · answer #2 · answered by CafeTBird 4 · 1⤊ 0⤋
Sure, it's just like buying a used car. Most used cars have some damage on it, and that is not a stopper. What is a stopper, is if the value of the bike is less than the asking price, but if you are putting a down payment on it, that shouldn't be a problem either.
2007-04-08 19:07:09 · answer #3 · answered by auditor4u2007 5 · 1⤊ 0⤋
Try asking the bank. As long as you are only trying to borrow a portion of the value, they may go for it. I think they call it value to loan percentage. More than anything , they will look at your credit history. If you have a good one, then they may not be too concerned about the bike.
2007-04-08 17:22:52 · answer #4 · answered by Fordman 7 · 1⤊ 0⤋
a salvage title is the title you recieve when you purchase a totally wrecked vehicle, regardless of type. many insurance companies sell totalled vehicles, but the title is always a salvage title since the value of the vehicle is salvage value, not value of a repairable one.
2007-04-08 17:22:27 · answer #5 · answered by de bossy one 6 · 1⤊ 1⤋
wtf are you asking for ?
2007-04-08 17:18:25 · answer #6 · answered by Anonymous · 0⤊ 5⤋