Table of Contents
- How do I figure out if my car was impounded or stolen?
- How do I know what impound lot my car is at?
- What do I need to get my car out of impound?
- What do I need if I’m getting someone else’s car out of impound?
- What do you do if you are missing some of the paperwork you need to get your car out of impound?
- What do I do at the impound lot to get my car out?
- Does Escrow Affect Impound Loans?
- What Can a Title Loan Do About Impoundment?
- What Documents Are Needed to Take Out Emergency Cash to Get Your Car Out of Impound?
- Getting Emergency Cash to Get Your Car Out of Impound
Having your vehicle towed can be stressful. Between finding out your car has been towed and locating where it was towed, can be worrying enough. Will you be able to afford the towing fees associated with having your car in impound? There are a few things you need to do if you think your car has been impounded:
- Determine if your car was actually impounded vs. stolen vs. borrowed
- If it was impounded, find out where your car is being held
- Figure out what you’ll need to get your car out
- Gather those important documents
- Go to the impound lot
Getting title loans may help you cover the initial costs, but let’s talk about how do determine if your car was impounded before telling you how title loans may give you emergency cash for this situation.
How do I figure out if my car was impounded or stolen?
The first question you should ask yourself is if someone you know with access to your keys could’ve taken the car. Maybe someone you live with borrowed it without telling you.
Once you’ve determined that no one borrowed your car without telling you, look around the area where your car was parked. Was there a “No Parking” sign that you didn’t see before? If there is, does it belong to a private towing company? You will need to call them right away and find out where they took your car.
If there is no signage indicating that your car was not properly parked in a designated area, you’ll need to contact your local parking authority. They will have a record of your car being towed by the city if that’s what happened. Unfortunately, it sometimes take a while for the parking authority database to get updated. If they don’t have a record of your car, you should call them again a few hours later to see if it has been added to the system. It’s important to find out if your car was towed as soon as possible because you are normally charged a fee for each day that your car is impounded.
How do I know what impound lot my car is at?
If your car was towed by a private towing company, from a private parking lot for example, the company will be able to tell you the location of your car. If it was towed by your city or county, the local parking authority should have that information. Once you have that information, you should contact the impound lot directly to make sure they do have your car. It would be a shame to travel all the way there and stand in line only to find out that your car was at another location. Even worse, if you can’t get to the other location before they close, they will probably charge you an additional day’s worth of storage.
What do I need to get my car out of impound?
This will vary depending on the local laws. The simplest thing to do is to call the impound lot and ask for a detailed list of what you will need to get your car out, make sure you also get their hours. Without a doubt though, you will need a driver’s license, insurance for the car, and proof of ownership, something like the car’s VIN or your car title. You’ll also need money to pay the impound lot and storage fees.
What do I need if I’m getting someone else’s car out of impound?
You’ll need all the same things you needed to get your own car out of the impound lot. You’ll also need a few things to prove that you have the car owner’s permission to get their car out. Again, exactly what you need will vary by state. The easiest thing to do is call the impound lot and explain the situation and they should be able to tell you what you’ll need.
What do you do if you are missing some of the paperwork you need to get your car out of impound?
That depends on the paperwork. If you are missing insurance, you need to get your car insured. You’ll need things like the year, make, and model, as well as the VIN. Make sure you shop around a bit to get the best deal. You may need to look for a company that specializes in high-risk drivers. Once you’ve signed up for insurance and paid the premium, have them email or fax a copy of the insurance to you, and the impound lot if they can.
If you can’t locate your car’s title, you will need to get a duplicate copy. You’ll have to apply for one at the Department of Motor Vehicles. Each state has their own requirements to get a new title, so it’s important to call ahead or look on their website to see what you need. It can take several days for your new title to arrive, and you’ll be accruing fees at the impound lot that whole time. If you can get an expedited copy of your car title, it’s probably worth it even if it costs extra.
What do I do at the impound lot to get my car out?
One of the main things you do is stand in line. Impound lots can be very busy and understaffed. Because of this, you’ll want to double check that you have all the paperwork they told you to bring and enough money to pay the fees. It’s important to verify what payment methods they accept. The last thing you want to do is show up, wait in line, and not have something you need. You’ll have to start the process all over.
Finding out that your car has been towed can be a stressful experience. Not knowing what to do can make it worse. Now you know the steps you need to take if your car gets impounded.
Does Escrow Affect Impound Loans?
What is escrow and how does is effect impound loans? What is an impound loan? Do you need escrow? The term escrow in this context refers to the money held by a third-party on behalf of two (or more) parties entering a transaction, with predetermined conditions. That’s a lot of information to take apart. Let’s start by going over the definitions and uses of each.
What is Escrow?
An escrow service is the middle man, so to speak. They are the ones who hold the money and the documents to make sure the parties are fairly treated and reimburse when the time comes to settle the account. They are there so that everyone is treated fairly, and all the terms are followed. For the most part, escrow services are provided by lawyers or banks where there is a mortgage or something that requires payments to be made on one of the conditions.
What are Impound Loans?
An impound loan is a loan where your car is taken or “impounded” so that it is held as collateral. Impound loans can also offer larger monetary dispersants but at the same time, you won’t have access to your vehicle until the loan is payed off. With an impound loan, not having access to your vehicle is a heavy handicap. Most people use their car for
- And more…
Unless you work from home and have your groceries delivered, most people need access to their cars.
When you take into consideration the amount of fees and storage, you can lose more in the long run. There’s no assurance that your vehicle will be maintained while your car is impounded. Even in a secured impound lot, you don’t know that the weather will be in your favor. Most impound lots do not offer covered storage and even if your car is brand new, with no rust or body damage, there is no assurance that your vehicle will be sheltered property. Most car title loans, on the other hand will allow you to hold onto your car if your payments are made in a timely manner.
When you’re dealing with a financial crisis, you need to take control of your situation, having in the slightest control can offer the greatest peace of mind.
What Can a Title Loan Do About Impoundment?
What is a car title loan? A car title loan is a way to use the title of your qualifying vehicle as collateral so you can borrow money. With a car title loan, you are using the money you have already invested into your vehicle to secure your loan, so you have already put in a bunch of the work. But did you know that car title loans can go by other names as well?
Here are some other phrases you can use to talk about a car title loan:
- Pink slip loan
- Auto title loan
- Auto equity loan
- Title loan
- Title loans with bad credit
- Automobile title loan
- Car equity loan
- Cash for car title loan
- Auto collateral loan
If you are interested in taking out a loan to get your car out of impound, know that the approval process is typically quick and hassle-free! Unlike traditional bank loans, title loans do not usually require good credit for qualification. So if you have bad credit, or you haven’t yet established credit history, you may be able to take out a title loan!
Title loans have two main checkboxes you have to check off in order to qualify. Not only do you need a qualifying car title in your name, but you also need a reliable source of income. If you meet both of these qualifications, you could be one step closer to obtaining approval.
What Documents Are Needed to Take Out Emergency Cash to Get Your Car Out of Impound?
To complete the process to take out a loan to get your car out of impound, you need to provide a few select documents to verify vehicle ownership, your address, and your income.
Generally, you will be asked to provide the following documents to take out a loan:
- Car Title: To take out a loan to get your car out of impound you must provide the car title. The car title is used as collateral, securing the loan so it must be in your name.
- Photos of the Car: Photos of the car are required for the title loan process to further verify the value of your vehicle. But if your car is currently in the impound lot, contact a loan agent to discuss your unique situation.
- Proof of Income: To take out a loan, you need to provide proof of income. You can easily do this by providing invoices, bank statements, paycheck stubs, Social Security benefit statements, and more.
- Proof of Residence: To prove your state of residence, you can show a title loan agent recent utility bills, house deed, rental agreement, credit card statements, etc.
- References: During the process to take out a loan, you will be asked to provide professional or personal references.
When you inquire about a title loan online, you could conveniently upload all of your required documents online. Simply take pictures of your paperwork using your phone or scan the documents onto your computer and email the files.
Getting Emergency Cash to Get Your Car Out of Impound
Getting a title loan is simple and only takes 3 easy steps. The first step to getting your car title loan is to complete an initial information request. The whole form should take about 5 minutes to complete, and you can know if you are approved soon.
- You give us a call at 1-855-422-7412, visit us at any of our participating stores, apply online or use your mobile device to apply.
- You can get approved on your title loan in as little as one business day3.
- You will be funded with either a check, money transfer, or cash, for your convenience, with no restrictions
When you come to us for your loan needs, we take your information and try to make terms that work with you1. Together, we select repayment terms that will lead to successful repayment. From the length or the loan to the amount, we let you pick your terms. You can send your payments:
- By Mail
- By calling 1-855-422-7412
Having a car in the impound lot can cost more than you currently have. When this happens, you may want to consider taking out a loan to get your car out of impound!1 To obtain the financial support you need in as little as one business day, all you have to do is start the simple inquiry process for a title loan serviced by LoanMart.1 3