by nedrah | Nov 4, 2022 | 18 Wheeler Title Loans, Car Title Loans
Commercial car title loans help people get quick cash to pay bills or deal with a financial emergency. However, car title loans have high interest rates and involve a risk of losing your vehicle.
5 Facts That You Must Know About Commercial Car Title Loans
Fact#1. You should own a vehicle
To get a title loan, you need to own a vehicle free and clear, or at least have some equity in that vehicle. The lender will return your title once the loan is paid off.
Fact#2. You should be prepared to pay a high interest fee
The lenders charge nearly 1/4th of the loan amount per month as their interest. For example, if you get a $2,000 loan for a 30-day period, then you’d pay $2,500 to settle your loan by the end of the month.
Fact#3. You should avoid defaulting
Car title loans are intended for short-term use. Many customers can’t pay their loan so soon, resulting in refinancing the loan just to avoid defaulting and losing their vehicle.
Fact#4. You can lose your vehicle
If you are unable to repay within the loan term, the lender will take away your vehicle. You will have to pay even more to get your vehicle back plus the due amount.
Fact#5. You should look for alternatives
Consider less risky alternatives such as payday alternative loans, personal loans or credit card advance that offer the best possible interest fee. Borrow only what you can pay back.
Looking for commercial car title loans? Ask 1stCapitaltitleloans to get you the best loan for your vehicle title!
by nedrah | Oct 5, 2022 | Auto Title Loans, Car Title Loans
Commercial vehicle title loans have emerged as a lifesaver for borrowers who are badly in need of cash to deal with any type of financial crisis during pandemics and economic downturns. These loans are among the many types of car title loans.
Both commercial vehicle title loans and auto title loans have proven to be of great help to people who are unable to secure finance from traditional lenders and financial organizations. Commercial vehicle owners may find it difficult to obtain the paperwork required to satisfy the specifications set forth by banks and loan agencies, which could involve supplying credit ratings and information.
Why Applying for Commercial Vehicle Title Loans Makes Sense!
Although there is no paperwork or credit check required for commercial title loans or any other kind of car title loans, borrowers who take out these loans frequently manage to get past the drawbacks.
From the perspective of a borrower who qualifies for one of these loans, let’s analyze the significance of business title loans and car title loans:
- The greatest applicants for these loans are people who own cars or other types of business vehicles. The lender will only accept ownership confirmation in order to disburse the monies to the owner of the company vehicle.
- You may continue to use the car despite the loan. After getting car title loans, a vehicle owner can utilize his vehicle for both personal and professional needs! He gains from this twice because he can continue to support himself and maintain the business automobile.
- One of the easiest and most dependable ways to receive money is through commercial vehicle title loans. Given that it can be utilized to address a number of pressing financial situations, this type of loan must have a clear grasp of its worth.
For more details, visit now.
https://1stcapitaltitleloans.com/
by nedrah | May 10, 2022 | Auto Title Loans, Car Title Loans
Traditional loans are reliable however the process to apply for one is cumbersome and complex. No wonder, title loans, especially auto title loans and truck title loans have become the favourite choice for borrowers since there are a lot of benefits and advantages of taking this type of loan as compared to a bank loan or similar loan from a financial institution.
Before we jump to understand the benefits, let’s get a quick understanding of what auto title loan and even a truck title loan is all about.
Auto title loans are loans where you can put your vehicle as collateral and take an amount of loan against the present value of your vehicle. In more simpler terms, the title of the vehicle must be in the owner’s name and it should be free from any existing lien.
Now, let’s list down some of the amazing benefits and advantages of taking an auto title loan:
- An Auto title loan does not require much paperwork! That’s right, they only require you to submit some basic documents like a valid id proof and vehicle documents. You only need to fill a simple application form to get things started!
- Auto title loan allows you to keep your vehicle even after taking a loan against it.
- Auto title loans and truck title loans allow you to take up to 60% of the present value of your vehicle as a loan.
- These loans can be availed within a matter of 60 minutes to 120 minutes!
- No credit rating score needs to be submitted or shown to lenders.
For more details, visit now.
by nedrah | Apr 25, 2022 | 18 Wheeler Title Loans, Car Title Loans
Loans are helpful to anyone who is need of funds urgently to meet some financial exigency. Loans are required for both short-term and long-term purposes ranging from clearing an electricity bill to buying a home or heading out for a vacation with your near and dear ones.
However, even though there are several options that exist to take a loan for long-term purposes, there are very few reliable and quick ways to get a loan for short-term purpose.
Car title loans and Auto title loans (including commercial truck title loans, box truck title loans) have gained tremendous popularity since they allow individuals to get access to quick cash and that too in a very short period of time.
Car title loans carry a distinct advantage over other forms of loans in the way that they do not require a big check of your credit ratings. The only criterion which is important is that you should be in complete possession of your vehicle and there should not be any existing liens on it. For example, if you apply for a box truck title loan, the box truck should be in your name and it should be free from any existing debt.
Car title loans can be very important and helpful for you and following is a list of reasons to understand how:
- Car title loans can help you raise money quickly i.e., less than 30 minutes in most cases!
- They do not require any huge amount of paperwork and documentation.
- These loans allow you to use your vehicle despite taking a loan against it.
For more details, visit now.
by nedrah | Mar 17, 2022 | Car Title Loans, Title Loans
Before we get to Commercial truck Title Loans, let’s first try and de-mystify what a Title loan is and is not! A title loan is a type of short-term loan but with a very high rate of interest. This type of loan is most ideal for those who might not have a very high credit rating or salary figure yet are in need of money and want to sign-up for a loan.
A Commercial Truck Title loan is one in which your commercial truck or trailer will be used as collateral. It is an ideal option for truck drivers who spend most of their time on the road and have an independent style of living.
This kind of a loan gets sanctioned both on the ability of the buyer to payback and a lot more on the existing value of the commercial truck being used as collateral.
Few important points that must be understood about Commercial Truck title loans is as follows:
- A good or bad credit quotient is not a parameter basis which such a loan is granted.
- With a Commercial truck title loan, you get a much higher loan amount than any other vehicle title loan.
- If you meet the complete criterion, you may get a loan in less than 30 minutes. It’s that fast!
- Such loans however come at a very high cost and rate of interest.
- There is a very high-risk of loosing your truck if you continue to default on your payments.
A commercial truck title loan is an excellent option to procure a large sum of money to meet your financial obligations. You can get the Title loans without heavy documentation and paperwork as well as keep your vehicle during the payback period.
