The entire loan process take less than 30 minutes.

How Much Money Can I Borrow?

All loans start at $2,500 and up. The maximum amount you can borrow is based on the value of your vehicle.

Can I apply for a title loan with bad credit?

Yes. We don’t check your credit. The qualification is based on your car.

Does my car need to be paid off?

NO. In some cases, we can pay off the existing balance on your car.

Can I pay off my loan early without a penalty?

Yes, we do not charge prepayment fees. We encourage you to pay back as early as you want.

How long do I have to repay the loan?

Most loans are between 12 and 36 months.

Do you keep my car during the auto title loan?

NO. We are just added to the title as a Lien Holder.

Can I get a car title loan if I cannot find the title to my car?

Can I get a car title loan if someone else’s name is on the title with mine?

What if I don’t have an insurance?

We can help you with finding the best possible insurance.

How do I get my title back?

Quick Title Loan will return your title immediately after you pay back the full amount due on your loan.

What documentation do I need to provide for a car title loan?

Original Title (Lien Release acceptable), Registration, Proof of Insurance – Full coverage, ID (Matricular card OK), Proof of Residence (Current utility bill), 4 References (Family and friends)

Will you inspect my car?

Yes, your vehicle will be inspected when qualifying for a loan.

If I do not pay, will my car be repossessed?

Title loans use a vehicle as collateral. Quick Title Loans believes in working with customers who fall behind on payments. Repossessions this is a final measure and is a not a desirable outcome for either party.

Basic Guide to Understanding Auto Title Loans

When faced with unexpected financial challenges or the need for quick cash, an auto title loan can provide a convenient solution. Understanding how an auto title loan works is essential before considering this option. This article provides a comprehensive guide to help you understand the basics of auto loans, their benefits and considerations, and the borrowing process from our experts at Quick Title Loans.

What is an Auto Title Loan?

A car title loan, or “pink slip loan”, is a secured loan that allows borrowers to use their vehicle’s title as collateral. The lender holds the title while the borrower receives a loan amount based on the vehicle’s value. The borrower continues to drive the vehicle during the loan period but risks losing ownership if they fail to repay the loan.

There are a few distinct types of car title loans. Some are single-payment loans, which require the borrower to pay the entire loan amount plus the interest rate charge within a month or so. Depending on the lender, installment loans might be repaid over three or six months. Now that we understand what is an auto title loan, lets move on to the benefits.

Benefits of Auto Title Loans from Quick Title Loans

Quick Access to Cash: We offer a speedy way to obtain funds. The application process is typically straightforward, and once approved, borrowers can receive the cash within a short period of time, sometimes within hours.
No Credit Check: Unlike traditional bank loans, our loans do not require a credit check. This makes them accessible to individuals with poor credit or limited credit history.
Flexible Loan Amounts: The loan amount is determined by the value of the vehicle. Depending on your vehicle’s worth, borrowers can receive a loan ranging from a few hundred to several thousand dollars.
Continued Vehicle Use: Borrowers can keep and use their vehicle throughout the loan period, allowing them to carry on with their daily activities without interruption.

Considerations Before Applying:

Here are a few things one needs to consider before applying for an auto loan at Quick Title Loans:

Repayment Terms and Interest Rates: Our loans typically have short repayment terms, often ranging from 30 days to a few months. It’s crucial to understand the interest rates associated with the loan and ensure you can comfortably afford the payments.
Vehicle Valuation: The loan amount is directly tied to the valuation of your vehicle. It’s essential to have a realistic understanding of your vehicle’s worth and assess whether the loan amount meets your financial needs.
Risk of Repossession: Failure to repay the loan can result in the lender repossessing your vehicle. It’s vital to evaluate your financial situation and have a solid repayment plan in place to avoid the risk of losing your vehicle.

The Borrowing Process:

Application: The process starts by completing a loan application. You will need to provide personal information, details about your vehicle, and proof of ownership.
Vehicle Inspection: The lender may require a physical inspection of the vehicle to assess its condition and determine its value.
Loan Approval and Agreement: Once approved, you will receive the loan offer, including the loan amount, interest rate, and repayment terms. Review the terms carefully before signing the agreement.
Loan Repayment: Make timely payments according to the agreed-upon terms. Failure to do so can result in additional fees, higher interest rates, and ultimately, repossession of your vehicle.

In conclusion, car loans can be a viable option for accessing quick cash when needed. It is crucial to understand the terms, risks, and responsibilities associated with this type of loan. Before considering a loan, carefully evaluate your financial situation, ensure you can comfortably repay the loan, and explore all available optins. With proper understanding and responsible borrowing, a loan from Quick Title Loans can provide the financial assistance you need while keeping your vehicle within reach.

For more details about our car loan options, visit our website today!