Posts Tagged ‘make’

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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Quick and Easy Guide to Help You Get Car Loans for Bad Credit in Colorado

For every American, cars are a necessity and the same applies to the residents of Colorado. Cars are a must to commute everyday to work and also for enjoying the beauty of the Centennial State. If bad credit score is keeping you away from buying a car, bad credit auto loans are your answer. Read the article to know more.

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Be the first to comment - What do you think?  Posted by coloradocarloans - April 12, 2012 at 6:51 am

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Used Car Auto Loans – Alternative Solution

Used car is perhaps one of the best alternatives for someone who has budget constraint and still wishes to own a car. Many teenagers opt for used cars when they are buying for the first time. It is so because they are cheaper than the new cars and fit into their cost range. There are various ways of financing a used car. But one of the best options will be to get a used auto loan.

While making a choice, go through the different used auto loans available. You may find that the easy car loans online serve the best. You can have a varied choice as what to buy. So take your pick on the brand, make, color and features. Once you have decided on what to buy, comes the toughest task assuming that you do not have enough money to bring home your car and you cannot ask your folks and kin for the extra money to finance your car purchase.

Do not lose heart. Have patience and search over the net and you will find numerous options who are ready to offer you with a used auto loan. They can be credit unions, banks, financial institutions and dealers to name a few. Go through the offers they are advertising and choose the one that best suits your needs. Try to find one near to your place or within locality. Buying a used car does not generally involve any down payment but the used auto loans may sometimes involve a higher rate of interest. It all depends on the dealer. However, there are benefits of getting used car loans because the repayment period is not long. This means that you do not have to shell out more than you have anticipated and the loan period comes to an end within a reasonable time.

When you are choosing a used car auto loan program for your used vehicle, make sure that you check whether your car is in good shape or not and gives enough mileage and the parts are working fine because it is an investment you are making even if it is a used car. It is also necessary that you see that the payment to be made every month is into your budget. But do not stop your investigation right here, go ahead and check out the credibility of the both the lender and the dealer you buying from. Sometimes the lenders are not ready to finance cars older than five – six years or tend to ask for higher rates of interest. Whenever you are discussing the terms and conditions of the used auto loan, make sure you have all the clauses covered.

When buying a used car, there are additional expenses waiting for you. So even when you are considering financing your purchase through used car loan, calculate your requirement properly using car loan calculator before applying for a car loan. In this way, you will have adequate resource to cover the insurance, repair and additional cost that you may incur once your car is home.

Be the first to comment - What do you think?  Posted by carloantypes - July 18, 2011 at 11:38 am

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