Auto Money: Use Your Car to Get the Money You Need

You are here: Home » Information » Auto Money: Use Your Car to Get the Money You Need

Owning a car not only allows you to access reliable transportation, but also fast emergency funding at any time!1 If you’re looking to cover this month’s rent payment or even a costly medical procedure, considering looking into auto money for quick financial relief. Title Loans serviced by LoanMart are one of the best options out there, keep reading to learn more.

How Can I Get Auto Money Using My Car?

By using the car title of your automobile as collateral, you could potentially receive fast auto money in no time. But if you’ve struggled with finances before and your credit is not as great as it could be, you may be worried about your eligibility.

Auto money is convenient because the qualification requirements are generally minimal and easy to meet! All you really need are the following:

  • A qualifying car
  • A car title in your name
  • A reliable source of income

The car is the main qualification factor. In order to use your car to get the auto money you need it must have positive equity. If you are still making payments on the car, do not worry. You may still be deemed eligible if the car is worth more than what you owe on it!

Call Our Team

Take the first step and call our toll-free hotline to speak with a specialist.

The value of a car is determined through a series of questions about the make, model, style, year, and current mileage. A lot of different types of cars are generally accepted for auto money. If you have an older car with high mileage, you may still be able to obtain funding–although it may be less than a newer car with lower mileage.

By using your desktop or your smartphone, you could easily find out how much auto money you could receive through an online title loan calculator.

The online questionnaire is short and sweet. If your car is worth enough to qualify you for auto money, then you could receive a free estimate for a title loan serviced by LoanMart.1

If you have a qualifying car and a title in your name, then the only requirement left is proof of income. If you work for yourself or are currently without employment, that’s okay. There are various ways to show proof of your ability to repay auto money. For example, you could use paycheck stubs, Social Security benefit statements, bank statements, government award letters, and more!

What Documents Do I Need to Use My Car for Auto Money?

If you’re interested in inquiring about auto money in your state, you may be wondering what documents and information you will need to provide. Aside from proof of income, you will also need to verify your identity, address, and the current condition of your car. When working with Title Loans serviced by LoanMart, the documents needed are minimal and could all be submitted online!

To speed up the process and obtain auto money faster, you could choose to email or text high-quality images of your documents. There’s no need to rely on the postal service when you need money now, not days from now.

Take a look at some of the documents you may be asked to provide for auto money:

Car Title

The car title is proof of car ownership. If the car title is not currently in your name, then you are unable to sell it or use it to obtain auto money. But requesting a title transfer can be easily done at your local Secretary of State or Department of Motor Vehicles (“DMV”) facility. Before visiting in person though, check your state’s official website to verify the documents you need to have ahead of time.

Proof of Residence

In order to obtain auto money in your state, you must show proof of residence. Some states limit the amount a person can borrow, so your terms will depend on your residence.

Proof of Identity

When it comes to any financial loan, you must provide a government-issued photo ID as proof of identification. Most people choose to show a state ID, driver’s license or U.S. passport for auto money.

Proof of Car Condition

To get auto money, the current condition of your car must be verified. Typically, a potential borrower must drive to a physical store and have the car appraised by an agent. But when working with Title Loans serviced by LoanMart, you could skip the in-person inspection and just submit photos of the car using your smartphone!

What Happens to My Car when I Use it to Get Auto Money?

Do you need to give up the use of your car when you obtain auto money? When you work with Title Loans serviced by LoanMart, the answer is no! You could continue to use your car while you stay on top of monthly payments.

Other funding options are not so flexible. For example, with pawnshop loans or registration loans, borrowers are required to leave their car in a secure lot until the auto money is completely repaid.

Do I Need a Co-Signer to Qualify for Auto Money with Bad Credit?

When it comes to borrowing money, a lot of people choose to sign up with a co-signer. A co-signer is any person who signs up for a loan with you and bears equal responsibility for the financial decision. If you choose to use a co-signer, know that they are financially responsible for repayment if you struggle to keep up with payments.

If you experience financial difficulty while repaying the loan, then the person you asked to be a co-signer may experience a dip in their credit. This can cause undue stress and potentially tarnish the relationship.

Luckily, with a title loan serviced by LoanMart, you do not typically need a co-signer to be approved for auto money. Requirements are flexible, allowing individuals with bad credit to qualify for the money they need by using their car.

How Can I Use the Auto Money I Need?

Auto money is convenient because it allows eligible drivers in possession of a car to get fast cash. But are there limits to what a person could spend their auto money on?

Emergencies cannot be expected, but you can be prepared. No matter what financial calamity you may currently be forced to deal with, auto money could help you cover unexpected bills.

Take a look at some common reasons people choose to inquire about auto money:

  • Paying this month’s rent or mortgage payment
  • Covering the cost of a minor car repair
  • Paying the retainer fee for an attorney
  • Affording the cost of an expensive house repair
  • Putting a down payment on a veterinary procedure
  • Paying an upcoming hospitalization bill
  • And much more!

How Can I Inquire to Get the Auto Money I Need?

If you are interested in the idea of getting auto money using your car, then all you need to do is decide how you want to inquire for a title loan serviced by LoanMart! There are two main ways to contact a reputable agent. Start the inquiry process to get auto money by calling (855) 422-7412 or completing the online title loan questionnaire.

If you complete the online form for auto money, you could receive a pre-approved decision immediately. If you decide to speak with an agent over the phone, they will collect your basic personal information and then make a pre-approval decision. If you qualify for auto money, you will be asked to turn in your documentation.

One of the conveniences of working with Title Loans serviced by LoanMart is that all of your paperwork could be uploaded online for speed and efficiency. Once all of your documents are uploaded online, an agent will verify your given information and you may be fully approved for your auto money.

A title loan agreement will be drawn up. Ensure you know the following details and financial terms before signing on the appropriate line to get your auto money:

  • What is the monthly interest rate?
  • What is the monthly payment amount?
  • When is the auto money payment due each month?
  • What is the date for the last payment?
  • What are the late fees and penalties?
  • What happens if my financial circumstances change?

Once you are confident in your financial decision to obtain auto money, you can sign the agreement and choose how you would prefer to receive your auto money. Typically, you can choose to get your money through a mailed check, direct deposit, or in person at a local MoneyGram location near you.

How Long Does it Take to Get Auto Money with Title Loans Serviced by LoanMart?

Inquiring for auto money through Title Loans Serviced by LoanMart is a simple process. But how fast can an eligible applicant receive their auto money? The answer is as quickly as 24 hours!3 And if you happen to be approved before noon, you could potentially expect to obtain your auto money by early evening!3

If you need a little financial help and you own a car in your name, then consider inquiring for auto money using your car! There are no obligations to see how much your car may get you.

What did you think?
1 = Very Bad
5 = Very Good