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What forms of cars aren’t eligible for a loan from State Farm Bank?

What forms of cars aren’t eligible for a loan from State Farm Bank?

Collateral
  • Golf carts
  • Lawn mowers
  • Tractors
  • Tractor trailers
  • Utility trailers
  • Mopeds
  • Scooters
  • Sports bikes including R and RR suffixes
  • Fisker cars
  • Overseas or drag boats that are racing
  • Salvaged cars
  • Rebuilt and reconstructed cars
  • Custom-built automobiles
  • Grey market cars
Mileage and Age
  • Boats, motorcycles, and vehicles that are recreational 15 years old
  • Automobiles over 150,000 kilometers
  • Automobiles driven a lot more than 50,000 kilometers yearly
Other Limitations
  • Automobiles for hire
  • Automobiles that don’t have a NADA detailed value
  • Cars bought through A web auction with out a verifiable independent examination report
  • Vehicles en titled disqualified or branded through AutoCheck
  • Cars utilized as a residence that is primary

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