Can I purchase a vehicle with a pre-approved loan from the bank?

Yes, you can use a pre-approved loan to purchase a vehicle on RideSafely—but with important conditions.

Key Points to Consider

• Lender Approval for Salvage Auctions:
  Not all banks or credit unions allow financing for vehicles purchased from salvage or insurance auto auctions. Before bidding, confirm that your lender permits this type of purchase.
• Payment Deadline Requirements:
  RideSafely requires full payment within two business days from the date of sale. Make sure your lender can process and release the funds within this timeframe.

Tip: Communicate with your loan officer in advance to avoid delays or disqualifications. Provide them with details about the auction process and the vehicle’s title type (clean, salvage, or rebuilt).

Related FAQs

• Do You Accept Loan Checks for Vehicles With a Clean Title?
• Can I Use Bank Financing to Pay You as the Dealer?

For further assistance, feel free to contact RideSafely support or call us at (215) 289-0300 for immediate assistance.

Thank you,
The RideSafely Team
feedback[at]ridesafely.com