How to Get an Auto Title Loan
Auto title loans offer a number of benefits for individuals seeking a fast cash solution. Designed
for individuals who own their car outright, the car must be free and clear of other liens to be
eligible. The loan amount is based on the estimated value of the vehicle. In contrast to
payday loans, which are due by the next period,
auto title loans have a full 30 days to be repaid. Typically, consumers will qualify for
a higher loan amount at a lower interest rate than what they would in a payday loan.
How to Get an Auto Title Loan:
-
Similar to payday loans, auto title loans are available in-store or online. Be careful
to select a BBB accredited provider to guarantee you're
information is kept safe and secure.
- Whether you're applying online or in-store, the actual application is similar. However, much like
using Money Now USA for payday loans, using a multiple lender provider will sometimes grant you access
to more than one auto title lender. Consequently, you have a better chance of approval and have access
to lower interest rates.
- You'll also need to supply the following documentation: clear car title, driver's license, and proof
of income. A vehicle inspection will be required as well.
- Pending your signature on the terms and conditions contract, you will receive the amount of the
loan in cash. Loan amounts commonly range anywhere from $100-$10,000 at an interest rate of 10%-17%.
More information on auto title loans vs.
payday loans.