Hey guys, I'm currently trying to get rid of my prelude that has given me nothing but problems, and look into something like this... Mainly because it's the closest to where I live, and it's got low miles. Although I don't like the wheels, which is no prob.
http://cgi.ebay.com/ebaymotors...h=002

any comments on what I should look for? I've been researching but do you guys think there might be an issue with the slavaged title? Any input would be great. Thanks

 

it has a salvaged title so unless you have a good bit of money saved up or can get approved for a signature loan, you more then likley wont be able to get it if you wanted to get a car loan for it.

 

I didn't know that.... It would be my dad taking out the loan for it and I would pay him over time for it. Could you explain a little more about the signature loan?

 

a signature loan is a loan that is not backed by collateral also known as an unsecured loan. In lamers terms, it's a loan that you can buy whatever you feel like buying with it and all you have to do is pay it back unlike getting a car loan where the collateral is the car.

Even if your dad was to get a car loan i don't think he'd be able to get a car loan for that particular car because it has a salvaged title. Banks don't like salvaged titles because the car becomes very worthless when it has that title. That is why you see salvaged vehicles so cheap. The value drops dramaticly on the car with salvaged title.