An auto title loan uses the equity of a vehicle to make funding available for borrowers. These loans are available all across the United States, including Fort Lauderdale, Florida.
If a resident of Fort Lauderdale is looking for a title loan, they may be wondering how to get a great deal on an auto title loan in Florida.
There are many ways that one can go about finding a great deal on an auto title loan. One way to do so is with a title loan serviced by LoanMart.
Here is more information on how to get a great deal on an auto title loan in Fort Lauderdale, Florida. Included are also details on why a title loan serviced by LoanMart may be a great option to look into.
General Ways of Getting a Great Deal on an Auto Title Loan in Fort Lauderdale, Florida
When looking for an auto title loan in Fort Lauderdale, or really anywhere, there are going to be a few ways a person can get the best deal:
- Look at Several Lenders — Every lender is going to work a little differently. To get a great deal, it is important to look around at several lenders before making a final lending decision.
- Compare Interest Rates, Loan Values, and Repayment Terms—This goes hand-in-hand with looking at several lenders. When a person inquires for a loan through a lender, the lender will usually give them an estimate on loan values, interest rates, and repayment terms. Before choosing a lender to work with, it will be a good idea to compare all these things.
- Use a Vehicle with the Most Value—Another factor that could mean getting a good deal on a loan is the value of the vehicle involved. When a person has multiple vehicles, it is generally a good idea to use the car with the most value in order to get the most funding.
- Improve Credit as Much as Possible—As many may already know, credit is not typically a huge factor with title loan eligibility. However, credit history will still impact the interest rate of the loan. And so, it is a good idea to try and improve it as much as possible before looking for lending.
- Show the Lender Every Source of Income—Income can impact several aspects of an auto title loan, so it is important for a borrower to show all sources of income.
How a Title Loan Could Get You a Great Deal in Fort Lauderdale, Florida
A title loan serviced by LoanMart is a unique kind of auto title loan. Along with the standard benefits—like fast and easy funding—title loans serviced by LoanMart come with several additional benefits for eligible borrowers1.
Here are some of the reasons why a title loan serviced by LoanMart could be a great deal:
- Competitive Interest Rates—With title loans serviced by LoanMart, the interest is kept highly competitive.
- No Hidden Fees—An auto title loan may sound great, but sometimes hidden fees can add a large amount to the cost of borrowing. With a title loan serviced by LoanMart, there are no hidden fees to worry about.
Because of all of these factors, a title loan serviced by LoanMart may be one of the best places to start when looking for a great deal on an auto title loan in Fort Lauderdale, Florida.
How to Get a Great Deal with a Title Loan in Fort Lauderdale, Florida
To get started with a title loan serviced by LoanMart, a borrower will need to have a few pieces of information when they apply online:
- A valid photo ID (driver’s license, passport, or state ID)
- The vehicle’s title
- Proof of income (pay stubs or bank statements)
- Proof of residence (recent mail or lease/mortgage information)
- Photos of the car
- Other documents may be requested for clarification of information
When looking for the best deal on an auto title loan in Fort Lauderdale, Florida, it would be helpful to know where to start looking.
With an innovative and convenient title loan serviced by LoanMart, finding a great deal on an auto title loan has never been easier. These loans have highly competitive interest rates, no hidden fees, and more!
To get started on the inquiry process, call to speak to a knowledgeable loan agent.