Car title loans make it possible for someone in a tight financial bind to obtain quick money for a short period of time. In most cases, the amount of money received through a car title loan is just enough to help survive hard times. The amount of the loan depends upon the overall value of the car. Most title loans are short term and are required to be paid within a shorter term than other types of loans. Title loans are safe, reliable, and fast, especially from Best Title Loans San Diego.
To receive a title loan, the borrower gives the lender the title to his or her vehicle, such as a car, truck or motorcycle. In exchange, a loan for up to 50 percent of the value is granted. In order to qualify for this type of secured loan, the vehicle must be completely paid off and an extra key needs to be given to the lender along with the vehicle’s title.
Besides having quick access to money, there are other advantages to securing a title loan. Here are some of the advantages:
Quick: Applications generally take only a day to process and money is available immediately upon approval, often times the say day.
Availability: Everyone with a qualifying car (meaning it is paid off and the title is available) are approved for title loans (see other documentation required).
Bad credit: No problem! Regardless of credit scores, all auto title loans are approved if you meet the other requirements.
Terms: The terms for these types of loans are generally short, meaning the loan is paid off fast, making it possible for the borrower to keep their car with no worries.
Keep Your Vehicle: During the term of the loan, borrowers are able to keep their cars without any disruption in their daily routines.
When shopping around for an auto loan ask each lender for a detailed quote, including terms, loan amount and conditions of the loan. Google and Yelp are great resources for finding a lender, but be sure to call them on the phone to ask about their rates and terms before driving down to their location.
The application process for a car title loan is rather simple. Many companies, including Best Title Loans San Diego, are now offering online applications for these types of loans. Information needed to process the title loan include personal information, such as name, address, phone and social security number. Vehicle information, including make, model, color, VIN, mileage and insurance information will also be needed to process the application.
Once approved, the lender will accept the borrower’s spare car key and title. The borrower will walk away with all the money needed to take care of whatever situation has affected his or her financial life.
We have compiled some of the best information on car title loans, auto title loans, boat title loans, bus title loans, and truck title loans for you:
We serve the following cities around San Diego and all of California:
San Diego Area: San Diego, Chula Vista, Coronado, Carlsbad, Bonita, Lincoln Acres, La Mesa, Spring Valley, Imperial Beach, San Ysidro, National City, Lemon Grove, La Jolla, El Cajon, Santee, Lakeside, and others.
Los Angeles Area: Los Angeles, Burbank, Canoga Park, Carson, Chino, Culver City, Del Mar, El Segundo, Encinitas, Encino, Gardena, Glendale, Malibu, North Hollywood, Northridge, Pasadena, Redondo Beach, and others.
Bay Area: San Francisco, Alameda, Berkeley, Fresno, Harbor City, Hayward, Oakland, Pacifica, Redwood City, Santa Cruz, San Jose, Stockton, Tracy, San Ramon, Capitola, Watsonville, and others.