What Is Car Equity?

Daniel Joelson

Daniel Joelson

Total Posts: 579

Published Date: January 20, 2022

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Equity In Your Car

When you are looking to get a car title loan, your vehicle must have enough equity in it. But what is car equity? We are here to help you to understand what the equity of your vehicle is.

There is positive equity or negative equity, and the difference between them is if your vehicle is worth more than you owe on the loan then you have positive equity. If you owe more on your vehicle than it is worth, then you will have negative equity in it.

Do I Have Equity In My Car?

To know if you have equity in your car, all you need to do is to subtract the balance that you owe, against the wholesale value of your vehicle, we use the Kelly Blue Book, to see your wholesale value.

Also, if you own your car free and clear, you will need to look up your wholesale value, to see if you have the required equity value to qualify for a car title loan.

If you do have enough equity in your vehicle, here at TFC Title Loans, we can help you to get the best car title loan, we have the largest referral network to get you the money that you need. All of our partners are in compliance with the CFPB.

What is car equity?

Get Your Balance On Your Vehicle

To find out the balance that you owe on your vehicle, you might be able to see your account balance online, or you might be able to see your balance on the monthly statement that you receive in the mail.

If you are unable to get your account balance these ways, you can always contact your finance company and request the payoff on your loan. It would be good to also have the finance company email you the balance.

Find Out The Market Value Of Your Car

There are plenty of online sources to look up the value of your vehicle, but you could always go to a car dealer and ask for an appraisal of your vehicle, or you could ask them how much they would buy it.

There are online car appraisal companies for you to get an accurate assessment of the equity that you have in your car. A vehicle appraisal company will compare your car to similar vehicles, and take into consideration the condition that you have in your vehicle.

Or you can contact TFC Title Loans and we will get you the most money on the equity in your car. We always give the highest advance rates, so we can help you get the money you need.

When you contact us, we will need to know the year, make, and model of your car. We will need to know the body style and trim, or specifications of your car. We will also need to know the VIN number and the mileage too.

Auto Equity Loans

We will let you know the market value of your car, and if you have enough equity in your car, we will be able to help you to qualify for a car title loan.

When you get the equity value of your car, you know how much you will qualify for a title loan, even if you do have a balance that you owe to another finance company.

Your car equity can be used for you to get the emergency loan that you want. With our car title loans, we will get you the best rates and the best terms.

Fast Approval For Your Vehicle Equity Loan

We will make it easy for you to get the auto title loan with the equity that you have, all you have to do is to apply with us for an online title loan.

Or you can call us directly and we can get you a fast approval over the phone, we will get you the most money on your car equity, so we can get you the money today.

You will need to submit all of the required documents. We will need to verify your vehicle, your proof of income, your proof of residence, and 5 personal references.

Once we have verified all of your documents we will get you the same-day funding that you want, and we will get you the most money on the equity of your car.

Contact us today, we are here to help you to get the local title loan in your neighborhood. We have been helping people since 1994 to get the money that our clients need, we are here for you.

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Disclosures

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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