Potential source for vehicles?

So I bought a scrap car about 2 weeks ago. Guy had a title loan against it of a few hundred. I went with him to the title store, once I knew title was legit, I paid him.

This title place is the type that lets you keep your car, they keep the title (I'm assuming most, if not all, are that way). Being that it was running when he took the loan, but shortly after blew a head gasket, it got me to thinking...

Could title loan places be a source for vehicles? Has any one ever looked into it? As usual with a lot of my ideas I am just now thinking about this, 2 weeks after the fact.

Since he had no way of hauling it to a yard and apparently didn't realize yards will pick up, (although it could be that he couldn't anyways, since he had no money to get the title released) what if he had defaulted on the loan and they re-poed it? What would they want with a car that doesn't run/isn't worth repairing? Plus the tow bill to get it. Only thing they're interested in is getting their money/interest and moving on to the next.

I think I'm going to contact a few title stores.

I would say most title places like this work with towing companies who give them a certain amount for junk cars and they pick them up but hey it's worth a couple of phone calls........They might be in between companies they are using or not satisfied with the one they are using........You know what your doing I don't have to tell you anything you don't know (LOL)

I wish I knew what I was doing! haha

idaho be careful with title loan places for junk cars

i deal with 1 and i will never do it again the repo yard that picks up defaults would bring the cars in but cut ou the cats/ siphon gas from bad cars and give you the cash

Thanks idaho, I've got two repo guys, a bail bondsman, and a wrecker service I pick up from, I pay them all a little extra just to make sure I'm the one they call. I've picked up several from various mechanic shops and have offered to buy the guys lunch for future referrals but so far hasn't panned out. Thanks again for the tip