Posts Tagged ‘auto title loan’

Fix your Urgent Cash Needs with Auto Title Loan

Are you in urgent need of cash? Why ask for cash from your friends, parents or banks when you can convert your beloved car into cash? Auto title loan can provide you the money by using your car as security.

What is Auto Title Loan?

An auto title loan is a type of short-term borrowing where a car owner borrows money by pledging the car as collateral. The borrower has to surrender the hard copy of the car title in exchange of quick loan approval. When the loan is repaid, the lender removes the lien on the title and returns it to the borrower. But, if the loan is not repaid, the lender has the right to take ownership of the car and sell it.

Who can qualify for Auto Title Loan?

The lenders who provide auto title loan focus on car and give less importance to your income and credit score. So, it is okay if you have low income or bad credit history. To qualify for the loan program, you must fulfill the following requirements:

>> You should own a clear title

>> Your car’s wholesale value should be at least $3000

>> You must have a steady source of income

>> You must be able to make regular payments

How does an Auto Title Loan work?

You can contact a local lender or an online lender for obtaining the loan program. You have to submit a loan application form by informing the lender about the following things:

Your Personal Information

Provide your name, residential address, phone number, e-mail address, etc.

Income Details

Provide your Total Net Monthly Income and Total Monthly Household Expenses.

Amount of Loan

Although lender decides the loan amount, you must provide a desirable loan amount in the application. It will help the lender in understanding your financial needs correctly.

Car’s Manufacture Year

Lenders don’t consider car’s older than 15 years for approval. So, if the car is manufactured in 1999 or before, it won’t be approved by the lender.

Car’s Make and Model

Make sure that you provide your car’s accurate make and model as written in the title.

Amount Owed on the Car

The amount that you owe on the car should be ZERO. If you have lien on the title, you won’t be approved for the loan.

Mileage

Provide the mileage of your car by reading the odometer.

The lender will review your application and provide you with loan quotes. If you agree with the rates, you will have to send the title of your car along with other required documents to the lender.

Once the lender has verified all the documents provide by you, he will deposit the money in your account.

So, this is how you can make good use of your car and solve your urgent cash problems.

Rapid Car Loans can help you in obtaining instant bad credit car loans. The online auto financing company is known for providing quick results and affordable rates to bad credit car buyers. Apply now and end your cash troubles today with bad credit car title loans.

Be the first to comment - What do you think?  Posted by cartitleloans - December 12, 2014 at 10:49 am

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Oregon Lemon Law – Get Definite Answer to All Your Queries

America is all about speed. Our fast lives and faster cars are a manifestation of our culture. Well, cars have been an important part of this great nation. It is the best way to explore the world-famous cities of America. When it comes to the Beaver State, roads are definitely the most accessible option. Cruising on I-5, you can travel to the state of California. Several State Highways also allow efficient road travel within Oregon.

Many Oregonians have spent their life-savings to get their prefect cars. But, this dream shatters when your car is more in the garage than on the road. Your car dream is brutally mortified when you discover that your car is a lemon.

You can re-live your dream with the help of Oregon Lemon Law which was passed in 1983. This law gives you the right to get a new vehicle or a refund of your car. It has become stronger after the 2009 amendment.

Before you go to the dealer and ask for a refund/replacement, let’s understand the State Lemon Law in detail.

In order to claim under “Lemon Law”, you must fulfill the following four requirements:

1) Your car must be purchased on or after January 1, 1984. Initially the law covered only those vehicles which were purchased in Oregon. However, things have changed now.

2) It doesn’t matter if you are the original owner or a subsequent one, it is important that you purchased the car during express warranty period.

3) Your car must be a “lemon”. The Oregon Lemon Law considers it lemon if your car fulfills any of the below mentioned criteria -

i) The manufacturer, its agents, its authorized dealers were unable to repair the same defect even after three attempts.

ii) The car is being repaired for more than 30 days.

iii) There is a serious non-conformity which can cause death or grave injuries to the passengers.

You must understand that the law will not cover any problem if it’s related to abuse or neglect of the car. You won’t be covered under the law if you carried out some unauthorized alterations.

It is also essential that you notify the problem to the manufacturer within two years or 24,000 miles of purchase (whichever comes first). Before the 2009 amendment, the limit was one year and 12,000 miles.

4) You are obligated to participate in a third-party arbitration program if the manufacturer notifies you about it. The court can award you thrice the amount of damages (not to exceed $ 50,000). This is possible only when the court agrees that the manufacturer acted in bad faith during the arbitration.

If you meet the criteria, you will get a replacement or refund. It will be decided by the manufacturer. The refund will cover the full purchase price including collateral charges such as taxes, registration fees, loan charges, pre-payment penalties and cost of few dealer-installed products. However, he will deduct reasonable allowance for using the car.

How Can You Prove Your Case?

You must have a strong case to fight against the legal team of the manufacturer. Here are few tips to help you with it.

In order to have a fool-proof case, you need to have copies of the following:

i) Repair Invoices and Routine Maintenance Invoices

ii) Purchase Contract

iii) Title

iv) Registration Document

Words Stay For Ever

It is essential that you maintain a logbook. Write down every single detail in it. Along with the repair and maintenance orders, keep a record of letters that you send to the manufacturer or dealer.

Mention every communication with accurate date, time, name and phone number of the person you spoke with.

Note every date and time when the car gave you problem. Also, write the dates when your car wasn’t in a working condition or was in the repair shop. Don’t forget to write the “mileage in” and “mileage out” when you send the car for repair.

The logbook will ensure that you remember everything and will be useful in proving your point to the manufacturer.

Precaution in the Beginning Means a Happy Ending

For New Cars

The State has enacted a strong law to protect your rights but a court case is often time-consuming. So, make sure you don’t buy a lemon.

Whenever you set out to buy a new car, do a thorough research. Read articles on web. Car experts give reviews on all car models. By researching, you will know the pros and cons of the car.

You must also check the auto recall lists. If the vehicle model was recalled for a defect, there is no point in buying it.

For Used Cars

The Oldest Trick in the Book

Odometer tampering continues to be a major problem. The National Highway Traffic Safety Administration website mentions that more than 4,50,000 vehicles are sold each year with odometer rollbacks. It also stated that the false readings cost more than $1 billion dollars annually.

You can avoid the fraud by checking the vehicle’s history. It will give you information about accidents, theft, previous owners, etc.

You must know that a car tire can run approx for 60,000 miles. So if the odometer reads 18,000 miles but the tires seem old and worn out, it’s time to say good bye to that car. Also check the engine and car interiors. Service reminder stickers, warranty cards, etc. will give you an idea about the actual readings.

What Does The Title Say?

According to the 2009 amendment (SB 515), the DMV now requires the manufacturer to add “Lemon Law Buyback” to the title and vehicle record when he repurchases the car. This means you will know if the dealer is trying to sell a lemon.

Avoid Flood-Damaged Cars

Inspect the vehicle for flood damage. Check for dirt and rust in the trunk. Also, a flooded vehicle mostly has moisture in headlight and tail light assembly.

“As Is”

In an “as is” agreement, the dealer doesn’t provide any warranty. All that you have is the manufacturer warranty, only if it hasn’t expired. Buying an “as is” car means the dealer won’t take responsibility if it ceases to work. Avoid such cars.

So, this is how you can save yourself from a lemon. If you have made a mistake of buying a lemon, take help of the Oregon State Lemon Law. If you are going to buy a car, make sure you stay away from the “sour” experience.

Be alert to truly enjoy the “sweetness” of driving your dream car!

When you buy a car, you try hard to save yourself from a “sour” experience. But, it can become “bitter” by highly unaffordable auto loans. Apply online on RapidCarLoans.Net for auto loans in Oregon and avail the most competitive car financing options. Apply and enjoy a “sweet” car buying experience.

Be the first to comment - What do you think?  Posted by oregoncarloans - January 12, 2012 at 7:36 am

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What Are Auto Title Loans?

Are you in desperate need of money to solve your personal financial problems and have no ways to solve it? Don’t worry!! Your car will be your source of money to solve all such issues. The recent recession has helped borrowers like you in a great way. Several automobile lenders have reduced their interest rates to boost their business and offer various kinds of loans to help people managing their financial instability.

If you have a car of your own, auto title loans could be good source of funds during a cash crisis. As long as you own the title to your auto without any liens against the car, you can get title loan approved within minutes. Credit checks are not necessary as your vehicle is used as collateral for your loan. Some lenders also ask you to give them a spare set of your car keys. This is for them to repossess your car in case you fail to pay the interest for your loan.

Title loans also sometimes know as car equity loan are meant for short-term use. Its payment differs from 14 days to a month from the day the loan is issued. If you run short of funds for paying off your loans, the loan will be rolled over for another payment period. In case of roll-overs, the rate of interest is higher. This is done to keep the loan from defaulting. If your loan is rolled over a few times, you will have to pay a great deal. This amount is much more than the amount of loan you had applied initially. Annual percentage rates on several title loans are of three digits.

Automobile title loans are low financial risks for lenders. This is because borrowers quite often take out loans for fewer amounts than the value of their vehicles. However, borrowers could get up to the retail market value of their vehicles with title loans.

Title loans can turn out to be a great financial risk for customers, especially for those who borrow more money than they require. One missed payment on title loan can result in your auto being seized immediately. In some states if your car is seized, the lender can keep additional funds which are generated by selling your vehicle above its retail value. In such cases, you are still likely to pay back the loan.

To sum it up, car title loans should be considered as short term solution for your financial needs. The rate of interest and the risk involved is very high in this kind of financial borrowing. The borrower must analyze the financial needs thoroughly and should make a wise decision when it comes to auto title loans.

Be the first to comment - What do you think?  Posted by ezcarfinance - November 23, 2011 at 4:01 am

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Understand the Working of Car Title Loans

Car title loans can be handy during the times of financial crisis. If you have an emergency need for cash, car title loans are the best way to meet your expenses. However, in this case, the lenders will not lend an amount higher than 50% of the value of the car. It explains the fact that car title loans are highly secured. The borrowers have to pay the entire principal amount plus interest fees in one go. So make sure you will be able to repay this lump sum amount at the end of the period. If you cannot do this, give a second thought before you apply for such a loan. The time period given will not be more than one month in most of the cases.

If the borrower is not able to repay the loan in the stipulated period of time, they can pay a onetime interest fee and roll over the loan amount to the next month. If the borrower fails to do this, the lender will come and take away the car and try to make a sale. Hence, the borrowers have to be very careful while applying for auto title loans.

Requirements:

- Proof of car insurance, license

- You must be a salaried person.

- There should not be any liens against the vehicle.

- You must be the owner of vehicle.

- The VIN details are required at the time of processing loan.

These are just 4 simple requirements which can be processed at ease. People need not be bothered about their credit rating. Car loans offered at such short time intervals do not require credit rate checking. However, the loan is highly secured. The lenders will have a free lending hand when it comes to terms and conditions. A car title loan is treated as a collateral for your personal loans. When you already have an auto loan, things become real hard to process the title loan.

How Does It Work?

After the paper works are completed, the borrower is expected to hand over the car title and a set of keys to the lender. There are absolutely very minimal amount of paper works involved which can be completed in 5 minutes of time. It sounds easy right!! Wait. Just hold on to your breath. The annual interest rates will run in to triple digits. Hence, make sure that you will be in a better position to repay the loan amount promptly. This seems to be ridiculous.

For a $1000 loan, you could end up paying about $250 per month as interest charges. On the other hand, some will decide to do the balloon payment at the end of loan’s tenure. There are certain limits available on the roll over chances. Once when you reach the limit, you have to pay the amount at once or forfeit the car at once. There are many pros and cons involved in this kind of loan. It is up to the borrower to decide with the loan options. It is better to think twice before you leap.

Be the first to comment - What do you think?  Posted by cartitleloans - November 5, 2011 at 7:43 am

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Car Title Loans – How to Get Cash Loan on Title of Your Car?

There is not a single individual who would probably expect an uncertain condition in the near future. However, it happens with many individuals. Many are left with no option but to take loans to meet the emergency requirements. People might even have a bad credit score but that cannot stop them from getting new loans. In this situation car title loans can be savior. There loans also known as auto pawn loan or pink slip loans are offered on the title of your car which can get you quick cash immediately. The good news is that borrowers need not tell the reason to obtain such a loan to the lenders. If you have a car, then all your emergency requirements can be easily dealt with it.

Even an individual with bad credit can secure a car cash loan easily as all that matter is the car title. If you have a free and clear title the entire process is hassle free and loans can be easily obtained in minutes. A single click on the mouse is adequate to get the loans. The online application forms have to be filled in as the first procedure. Once the loan gets processed, the borrowers can avail the loan in less than 24 hours. The lender will usually demand some documents for the completion of the process. The borrowers are requested to have their proof of income and the insurance proof ready. A driver’s license is a mandatory requirement along with a phone bill or any other utility bills. The documents of the car have to be kept ready. The auto financing lenders usually do not demand your vehicle as collateral. However, the documents have to be submitted.

The amount borrowed and the interest rate is highly dependent on the current market value of the vehicle. The borrower should have a valid checking account being a citizen of US. It is important to read the fine print before inking the deal. The borrowers have to be careful about the rate of interest which should not go beyond 3% per month. This amounts to 36% annual interest rate beyond which is tough to repay.

The borrower must be aware of the late payment charges and other fees to be paid while processing the loans. The first job is to make a good amount of research on the internet about the lenders. Pick out the top 3 or 4 lenders from your list. You can then proceed to fill out their online application form. You must make sure that the lenders do not charge for filling out the form and asking for a quote. Upon doing this, you will be contacted by the lenders who will discuss the financial requirements. Make sure that you get the deal that fits your requirements in all ways. Getting a car loan for car title is a good way to meet all the emergency requirements.

Be the first to comment - What do you think?  Posted by rapidcarloans - July 13, 2010 at 6:12 am

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