How Much Do Title Loans Give You?
If you are considering getting a title loan, you have probably already tried asking the question “how much do title loans give you?” and have never gotten a very straightforward answer.
It is hard to know how much title loans can give you, without knowing the vehicle that you have, and the wholesale value that you have.
The amount that you can get with a title loan will depend on the wholesale value of your car, so it does not matter what your credit score is.
How Much Can I Get For a Title Loan?
It makes sense because the answer is complicated and always changing but we would like to give you as straightforward of an answer as possible while explaining why the amount available is always changing.
Getting a car title loan has never been easier than with us. All you have to do is fill out our online title loan application, and we can get started.
Have you ever asked yourself, how much can I get for a title loan? The title loan value of my car? How much can you get on a car title loan? How much can you get for a title loan?
We will answer the title loan questions below.
How Much Do Title Loans Give You?
Here, at TFC Title Loans, we care deeply about lender transparency, consumer education, and customer support. In this resource article, we will attempt to answer the question “ how much do title loans give you?” in the most detailed way possible so you can make an informed decision about title loans.
Several determining factors go into the amount you can get for a title loan. These include the restrictions of the state where the title loan is being obtained, the value of the customer’s car, and the lender’s particular calculations.
We opened our doors in 1994, making us the oldest car title loan lender in California. Our online title loans are easy to obtain with a quick approval process.
With over 25 years of experience, we have been able to perfect the lending process including the determination of the amount that can be lent to our customers. If you are interested in how we determine your loan amount, then please continue reading.
How Much Will Title Loans Give Me?
One of the biggest determining factors of the amount you can be lent in a car title loan is the equity value of your car.
A car title loan is a secured loan which means that it uses collateral as a guarantee of loan repayment rather than your credit score or credit history report.
You can find out a general estimate of your car before even applying for a title loan easily enough through Kelley Blue Book.
Simply input the age, make, and model of your car and you will get a ballpark estimate of what your car is worth.
We have a more exact estimator that we run your car through to come up with the trade-in value based on the year, make, model, style, mileage, and condition. We usually try to determine the trade-in value as that is what most dealerships would value you at.
Restrictions by State For Title Loans
Every state has different regulations for title loans.
This is one of the reasons why determining a hypothetical answer to how much money you can get from a title loan is nearly impossible because even if two people had the two same cars that were worth the same amount, they might not be approved for the same amount in they lived in different states.
Title Loan Value Of My Car
After we more accurately determine the trade-in value of your vehicle using our more exact estimator? We require some pictures to verify the basic facts you have given us. And, we’ll follow that up with an in-person evaluation.
After those simple steps? We will have solid trade-in value for your car and can then determine what we can lend you.
TFC Title Loans can usually lend you around 50% of your vehicle’s total trade-in value although there are exceptions where we can approve you for more or less.
Getting more or less than 50% of your vehicle’s trade-in value is usually determined by your proof of income. Although, this proof of income does not need to be steady employment.
As long as you can prove that you have a steady influx of money enough to repay the loan? And, afford the monthly payment? You could be approved!
Both the value of your car AND your ability to repay the loan. Also, in full through affordable monthly payments are of equal importance in your approval!
How Much Money With Title Loans
If you have any further questions, please do not hesitate to give us a ring. Whether you’re curious about pink slip loans or how to get a title loan.
We can give you a free quote at absolutely no obligation to you whatsoever. If you have decided that you would like to apply for a title loan?
Fill out our quick and easy online application right away! Now you know how much title loans give you! We can also get a title loan that is near you.
This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan in your area, we are able to help you with our large referral network.
All of our referral partners are in compliance with the CFPB.