Here at LoanMart, we know money can be tight at times. Emergencies and unanticipated costs can throw a budget into chaos, and we want to help find a way out. We offer loans on car titles to consumers that own their truck, van, SUV or car that is less than ten years old.
With equity in an automobile, one may be eligible for a Car Title Loan from LoanMart. Once an application is complete, we’ll assess the value of the car and determine in accordance with state laws how much money can be borrowed. We’ll then hold the title to the car until the loan is paid in full, at which time the car is free and clear of obligations.
Minimum Automobile Loan Value
Don’t ignore the benefits of loans on car titles because the belief the car isn’t worth enough to obtain a loan. Basically, the car must be worth more than the money to be borrowed. We can quickly assess the value in the automobile free of charge with a quick, two-minute phone call.
When determining an approval amount, we’ll also consider monthly income when reviewing a loan application. While the value of the car is important, several other factors are also used to help us find the right amount for a loan.
Each state has limits on how much money can be borrowed against a car title, and we’ll also consider this amount when determining the final amount of the loan. We strive to always be honest and transparent with our customers so they feel comfortable with the money they borrow.
Don’t Ignore the Benefits
While other borrowing options may exist when money is tight, few of them allow to access the funds needed without selling the car. We want to help our borrowers keep their car and get through a tough time. Call us today at 1-800-LoanMart to start the application process for a car title loan.