APPLY ONLINE FOR A
PINK SLIP CAR LOAN!

How Do Loans For Pink Slips Work

Getting an emergency loan can be difficult, especially if you have bad credit or a spotty payment history, and good luck borrowing more than $1,000 without collateral. Now, there’s a more straightforward, hassle-free way to get fast money with just your vehicle’s title as security. A pink slip loan allows you to keep driving your vehicle while you hand over the pink slip or “car title” for the lender to hold as collateral for the secured loan.

These loans allow you to borrow a percentage of your car’s value and repay it over time. Some lenders offer higher equity percentages if you bring the vehicle in for an in-person inspection.

The lure of this type of financing is that you can borrow a more significant amount than what’s typical with unsecured loan offers like a payday loan or even a loan from your bank. Some customers can borrow up to $20,000 using only the vehicle’s equity as collateral. Pink slip loans are great for someone with poor credit, but they’re not recommended in every situation, and it’s far better to get a conventional loan that doesn’t require a vehicle as collateral if you qualify. Read on to see how these pink slip loans work and what you need to qualify.

How Can I Get A Pink Slip Title Loan

Once you decide a pink slip loan is best for you, the next steps are to find a lender and get a quote. At Premier Title Loans, we offer quick pre-approval for pink slip loans and unlike if you applied with one direct lender, we can get you multiple lending estimates from pink slip lenders licensed in your state.

Pink slip loan amounts range from $1,000 to $20,000. Compare that to the average loan amount from registration loans, which is less than $1,000! You’ll have a fixed interest rate with a pink slip loan, and you can be pre-approved quickly if  you have all the required documents ready to send in for underwriting. In addition to your car’s pink slip, you only need proof of income, a government-issued ID, registration, and vehicle insurance to qualify.

Do you need cash today, and are you ready to see how much equity you can cash out of your vehicle? Call Premier Title Loans at 800-250-6279 or apply online to get started on a pink slip loan application. We’ll provide you with a no-obligation quote in 15 minutes or less. All we need is your vehicle information to get you an estimate.

Loan Amounts From A Pink Slip Lender

The funding amount varies from client to client as various factors influence what you can borrow when using a vehicle title as collateral. Pink slip title loans will generally require a car with a clear title that has been paid off, and based on that, you can expect a loan amount of $1,000 or more

You can’t have any other liens or loans on your car title, and the car also needs to be “newer” and in good condition with generally low mileage to have a fair resale value. If your vehicle no longer qualifies for a standard pink slip loan, the good news is that some lenders allow those with low vehicle values to take out online title loans, albeit at a lower amount with a higher APR.

Pink Slip Car Title Loans With Bad Credit

Pink slip car title loans are designed for people with bad credit and those who can’t qualify for an unsecured loan. You’ll still need to verify your past payments and loan information, but we understand that not everyone has a perfect credit score. Poor credit won’t always get you denied a loan on your pink slip, and there’s a realistic chance your lender won’t even check your full credit report! Instead, they consider your vehicle’s equity value when underwriting your loan.

Unlike financing offers from banks, credit unions, and personal loan companies, we recognize that most pink slip loan applicants typically have poor credit and have already been rejected by other short-term lenders. If you own a vehicle outright and have valid registration, insurance coverage, and proof of income, you should qualify even with a bad credit score!

Apply For A Pink Slip Loans In Your Neighborhood With A Lender Online

However you choose to apply, we highly recommend researching the best secured lending offers for your unique situation. A neighborhood lender can make you feel more comfortable with the situation and allow you to review the paperwork and loan details in person. Depending on your state, you may be able to add them as a lienholder to your pink slip that same day, saving you a few days’ worth of underwriting! Compare the in-person underwriting process to an online service that can quickly pre-approve and process your application. There’s also the possibility that a neighborhood lender might get you cash within one business day of your approval, as they don’t need to wait for ACH or direct deposits to clear.

When you apply for a pink slip loan online with Premier Title Loans, you can skip most credit requirements that are common with unsecured lenders and instead focus on getting the best quote for your vehicle’s equity. There’s no need to wait for a detailed credit check when the main requirement is your car’s pink slip, which shows the vehicle is paid off and titled in your name.

All loans have different payment requirements and terms, so it’s best to apply directly with Premier Title Loans to get an estimated loan amount and see your repayment terms. Take advantage of our quick online application process today, and we’ll do our best to get you cash with a pink slip car title loan! Call 800-250-6279 or apply online to get pre-approved for a title loan using a pink slip as collateral.