Sudden expenses are hard to meet when you don’t have adequate money. Here auto title loans can be of great relief considering the easy process. The good thing is you can get it without any hassle. However, you should make sure that you are going in the right direction.
In this blog, we will discuss title loans. If you are planning to apply for car title loans, keep reading to know more about it.
How Can You Get Auto Title Loans?
Title loans depend on the value of your vehicle against which you apply for it. Authorities and salespeople will determine the value of your car and offer you Car title loans. The process is so easy that it takes a few minutes with some basic information like income proof and proof of residence. It is essential because based on it the agency that will give you the loan will ascertain whether you are in the position to repay the loan. Well, you don’t need to worry much about it because you will surely get some time to repay the loan.
Considering the basic information that you share and looking at all angles, you are then granted the required loan amount. Moreover, the best thing is that you are not required to furnish any credit details that you do in other regular loans from any financial institution or bank.
However, if you technically look into the details, then the interest rates may vary. Also, the terms and conditions could be different in different regions.
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Whether you own or lease the car you drive, it’s your responsibility to maintain it. Well, if you are a busy individual, you may procrastinate, forget, or skip it. However, you must understand the need and benefits of preventative car care. It not only keeps your vehicle operating smoothly but also reduces the risk of potential accidents.
Keeping your car well-maintained can also help you with urgent cash using title loans where you can keep it as collateral. Ultimately, a well maintained car has greater value and you must take some preventive measures.
But, what can you do to keep your car in top shape?
Check and Change Car Oil and Fluids
Car fluids can cause numerous issues for your vehicle if not changed in a timely manner. We would recommend you to check the car oil to ensure that it is in proper quantity, it is of good quality and in good color too. Thus, you will know when to add oil or when to change it.
Also, check for engine coolants, brake fluids, and the transmission fluid as they may all get dirty and dusty with time. Ultimately it will save you from expensive repairs later on and you can produce your well maintained car for car title loans.
Check Tire Pressure
A damaged or flat tire will disrupt car operation. We would recommend you to check the tire pressure and make sure they aren’t over or underinflated. Whether over inflated or under inflated, it will disrupt car operations. It will not only help you save money but save you from any potentia
Check Your Tire Tread
Another important thing that you need to consider is to check the tread on tires. They help you to have better grip on the road, and prevent slipping and spin-outs. Consider replacing tires with low tread depth, and get rid of tread wear issues.
Check Your Engine’s Spark Plugs
Spark plugs are crucial to start your vehicle. Consider replacing them if they are worn out as faulty spark plugs impact acceleration and thereby impacting your vehicle’s performance. Also, a faulty spark plug decreases fuel efficiency. And, all these issues can fall heavy on your pocket that may eat up your money and time.
Get your car checked for all the issues and keep it well maintained. It will not only extend car life and save you from costly repairs. However, if you need lending options for small expenses like car repairs, you can opt for car title loans. 1st Capital Title Loans offer affordable lending options for title loans, so you can make ends meet.
How long does it take to get money through a title loan?
It is a common question that lingers in everyone’s mind who approaches their money lender or any automobile agency to apply for a title loan. Since title loans are mostly approached by people who desperately need urgent cash, it is a valid question that arises in everyone’s mind. Owing to the fast cash feature, people are drawn to apply for car title loans. But, is it really a fast cash deal or just a fad? Let’s try to understand through this blog.
How do Title Loans work?
Title loans are similar to payday loans that are usually for a short period of time taken to meet urgent expenses. These are generally taken against the title of your vehicle, which could be a car, truck, or any other vehicle. Thus, these loans are called title loans and are generally repaid within a period of 30 days.
The most interesting feature of car title loans is fast cash, to which some agree, and some do not. Let’s take a deeper look and try to understand whether car title loans really provide fast cash or not.
When it comes to the exact timing, then usually it takes around 16-45 minutes to get title loans against your car title. Moreover, you don’t even need a credit check, and the application process is quite simple and easy. However, the timing could be a little different as you get to explore various lenders and agencies. But, yes, you can get car title loans in the shortest time and can use them to meet your urgent needs.
CAR TITLE LOAN- As the name suggests- it is a loan that requires you to keep your car or any other vehicle as collateral against the debt. Money lenders or automobile agencies tend to consider the vehicle as one of the significant things kept for security, when it comes to title loans. However, the loan limit generally ranges between 25% to 50% of the cash value of the vehicle, against which the title loan has been raised.
After knowing the dynamics of a car title loans, let’s see what are the crucial things you require to apply for the same?
Important Title Loans Requirements- Key to Get Super Fast Approval!
- Title name of the original vehicle that depicts the sole ownership
- An identification issued by the government which should match the name on the title
- Bills or other proof of residency or address to match the title name
- Registration of the current vehicle against which the loan is raised
- A Proof that indicates your vehicle insurance
- Pay slips that help money lenders identify whether you can repay the loan or not
- Crucial things like names, phone numbers and addresses of at least two valid references
- Copies of the vehicle’s keys in a working condition
So these were a few title loans requirements. We hope you have got a clear idea of what you have to bring while you apply for title loans. If you are planning to apply for the same, consider contacting 1st Capital Title Loans.
Whether you want to buy a vehicle or pay off a medical emergency, a title loan can help you. However, title loans are tricky when it comes to making the best choice based on affordability and the rate of interest. Well, we would recommend you to compare various offers from different money lenders and automobile agencies that offer car title loans.
On exploring different options available in the market, you will realize that 1st Capital Title Loans is the best avenue to approach for a car title loan. Here you will get affordable loans at cheap rates of interest as compared to other lenders in the market. Moreover, we don’t sell our customers’ data to anyone as we are concerned about their privacy.
Working with 1st Capital Title Loans, you will get:
- Car title loans at affordable rates that are generally accepted everywhere
- A simple process of application considering the time consumed and complexity
- Fast approval of car title loan and quick cash
- Convenience and transparency
- Accurate information about the terms and policies
- Consistent guidance followed by smart decision making
All this will not only help you save money and get quick cash but would also teach you some financial lessons that you need to better manage your resources and make informed decisions in life.
If you need any assistance with a car title loans or planning to apply for the same, contact us immediately. Our team of professionals will guide you throughout the process.