Can I Use My Car As Collateral For A Loan?
We are able to help you to get car collateral loans, this type of loan allows you to use the title of your vehicle as to the collateral. We will help you to get the money that you need, by using the equity that you have in your car, so we can determine the amount of the auto collateral loan.
When you use your vehicle as collateral you do not need to hand over the keys, you will continue to keep and drive your car, we will get you the money that you need, while you keep your vehicle.
Requirements For Auto Collateral Loans
When you need to get approved for auto collateral loans, you will need to supply certain requirements, you will need to submit a copy of your title, there must be no other lien holder on your vehicle, and the title needs to be in your name.
You will need to submit your proof of income, to show that you have the ability to make the monthly payments on the car collateral loan, and you will need to submit your identification.
These are the basic requirements, and it can vary from lender to lender on what they will need to get you funded.
Can I Get An Auto Collateral Loan With Bad Credit?
Auto collateral loans are different from traditional bank loans or other finance companies, as auto collateral loans are secured with the vehicle’s title, and the lender will only lend up to 80% of the wholesale value, these loans do not rely on your credit score.
The equity that you have in your vehicle, will determine how much money you will qualify for and not your credit score. you can get auto collateral loans with bad credit today, we can get you the money that you need.
How Much Money Can I Get With An Auto Collateral Loan?
The amount of money that you can get will strongly rely on the equity value of your vehicle. It will also depend on your income, to see how much of a loan you can support.
Car Title Loans California will help you to get the maximum amount on the equity of your vehicle, we will get you the largest advance rate on your vehicle.
Different states have different laws on the minimums and maximums that you can get for your car collateral loan, when you contact us, we will let you know how much you can qualify for.
Benefits of Car Collateral Loans
There are a few benefits to getting auto collateral loans over getting traditional loans, the number one thing is the speed at which you can get the money, we are able to get you same-day funding.
Having bad credit will not prevent you from getting approved for your car collateral loan, your credit is not a deciding factor.
Also, there are no prepayment penalties with the car collateral loans that we can get for you, so you can pay it off at any time, and in doing so it will save you money, with no additional fees.
How Can I Apply for An Auto Collateral Loan?
Getting an auto collateral loan is a solution for your fast money needs, and applying for one has never been easier, you can apply for your car collateral loan online, and follow these simple steps.
- Fill out the application on our website.
- Discuss your application with a loan officer.
- Finalize your paperwork with the loan officer.
- Get approved!
- Get Funded!
Our process is fast and we can get you the money that you need with our large network of referral partners, all of our partners are in compliance with the CFPB, so you can rest assured that you will be working with a company that you can trust.
Auto collateral loans undoubtedly offer a quick and convenient way to gеt thе monеy you need for an emergеncy, with a sіmplе and uncomplіcatеd application process.
It іs truе that thеsе loans have hіgher interest rates and rеquire collatеral, but borrowers can rеst easily knowіng that most of the tіme the lendіng procеss is quіck and еasy and thеy frеquеntly gеt their money within a few days.
Additionally, auto collateral loans can be a great option for people with bad credit since they allow them to still access the money they require without having to pass a strict credit check.
Borrowers can confidently securе thе funds they nееd and regaіn control of their fіnancеs by wеighing thе advantages and dіsadvantagеs of auto collatеral loans and makіng plans for repaymеnt.
Contact us today we are here to help your, and answer all of your questions.
