APPLY FOR AN AUTO EQUITY LOAN
We offer car equity loans, and in some cases, there’s no store visit required!
ONLINE AUTO EQUITY LOANS WITH SAME DAY FUNDING
Are you looking to get a loan that secured by the equity in your vehicle? Premier Title Loans offers online auto equity loans where you can borrow $3,000 or more with a vehicle as the collateral. Apply online or call us to get cash in 24 hours or less!
Do you needing quick cash but want to avoid selling your car or dealing with a personal loan lender that may take weeks to process your application? An auto equity loan could be the perfect solution! These types of car title loans allow you to borrow money using the equity in your vehicle as collateral. Any company that offers car equity loans near you can process an application entirely online and you may even get the funds that same day. The bottom line is that if your car is worth a few thousand dollars, you should be able to cash out some of its equity and use that as security for a car title loan!
Apply For Car Equity Loans and What’s Required For Same Day Approval
You’ll need to submit info about your vehicle’s make and model to get pre-qualified for a car equity loan. You’ll also need proof of income, proof of residency and proof that you own a vehicle that has equity. Don’t worry. The lending requirements are few and far between! Even if you have bad credit, – auto equity lenders are more concerned with the value of your car than your credit history.
So why wait? An auto equity loan could be your ideal solution if you have poor credit but want to borrow $3,000 or more! Don’t hesitate to search for companies offering equity loans near me and take advantage of this convenient financing option today.
How Can I Find Out The Equity Available In My Car
To find out the equity in your car, you can compare recent sales near you for more precise estimations. Remember that the car’s value may differ depending on its condition and any upgrades or modifications. Your auto equity loan amount will also be based on state lending limits and your loan repayment ability.
Remember, the title loan value will be lower than your vehicle’s total equity amount. Just because you get a bluebook value of a certain amount doesn’t mean the lender will offer that to you in the form of a title loan. Most equity lending companies will fund a loan at 40% to 70% of the auto’s current value. That gives them some leeway and security if there’s a default and they must take back the car to settle the balance.
How Can An Auto Equity Loan Help Me
An auto equity loan can provide a fast and convenient funding source for several reasons. For example, you may have unexpected expenses or want to make a large purchase but need more immediate cash. Or perhaps you need quick financing for an emergency home or car repairs. Whatever the case, auto equity loans offer an easy way to borrow money using your vehicle’s value as collateral. And because they are secured loans, auto equity lenders tend to have more flexible qualifications and may even approve bad credit applicants. So if traditional personal loans are not an option, consider applying for auto equity financing.
These loans are also outstanding for someone who wants to avoid the headache of applying for a traditional bank or personal loan offer. Whereas a bank may take weeks to underwrite and approve your application, an equity loan on a car can be finalized in one day or less. Your car’s value guarantees a certain funding amount; once an underwriter has the value, the approval process can move quickly! One last benefit of these equity loans concerns the amount you can borrow. Your vehicle’s value determines your initial loan amount and that means you can borrow $2,000 to $15,000 with a typical equity title loan!
Rates For Auto Equity Loans
Auto equity loan rates can vary depending on the lender and the borrower’s credit score and lending profile. On average, auto equity loan rates are typically higher than traditional ones, as they are considered a higher risk loan, and the borrower’s credit profile is far riskier. Typically, auto equity loan rates range from around 20% to 100% APR.
Keep Driving Your Vehicle With An Auto Equity Loan
People get concerned about the status of their vehicle when they apply for an auto equity loan. Borrowers are familiar with what happens with title pawns and think they must hand over their car keys to the lender as collateral for an auto pawn. The fact is, that couldn’t be further from the truth. With car equity loans, you can drive your vehicle while making timely payments. The only change is that your lender is added as the primary lienholder to the title. Once the balance is paid off, you can get the pink slip back, and the title will be free and clear!
Apply Now For An Equity Loan On A Car
So why wait to apply for car title loans? If you have collateral in your vehicle, an auto equity loan in Florida, California, or other parts of the country can be ideal. Don’t hesitate to apply for an auto equity loan with us!
Premier Title Loans offers multiple ways to get instant cash by tapping into your vehicle’s equity. Start by filling out our online application, or give us a call at 800-250-6279. Meet the minimum collateral qualifications, and we’ll approve your auto equity loan and get you the money you need!