What is the Difference Between Car Title Loans, Car Equity Loans, Auto Title Loans, Auto Equity Loans, and Pink Slip Loans? Virtually nothing! Car title loans can go by a bunch of different names. Learn them now to stay on top of your car title loan game.
Virtually nothing! Car title loans go by many different names. If you are thinking about getting a car title loan, you may want to get familiar with these various terms now, to avoid any confusion later. Here are some other names that car title loans can go by:
- Car equity loans
- Auto title loans
- Auto equity loans
- Title loan
- Title loans with bad credit
- Automobile title loan
- Cash for car title loan
- Auto collateral loan
- Pink slip loan
Pink slip loan. That one kind of stands out, doesn’t it? Most of the other names that car title loans go by have some form of the word have car, auto, or title in their names. But not pink slip loans … why?
To answer that question, you first need to understand exactly what a car title loan is. When you get a car title loan, you use your qualified vehicle’s title as collateral, so you can borrow money. In California, the color of the vehicle title is usually pink, hence the name “pink” slip loan. This name might be confusing if you live in another state that issues their vehicle titles in a different color such as blue or green. Despite the color of your vehicle title, if you live in Alabama, Arizona, Georgia, Illinois, Missouri, New Mexico, Utah, South Carolina, or California, you can get a car title loan with LoanMart!
How to Get a Car Title Loan with LoanMart
Getting a car title loan with LoanMart is as simple as ever. We have our process cut down to a streamlined 3-step process that lets you get your funding fast! Here’s how it works:
- Click, Call or Visit.
Get started with your car title loan by filling out a quick information request. We’ll ask you for some info like:
- Email address
- Your Address, whether you rent or own, and how long you have lived at your current address
- Your vehicle’s year, make, model, style, and mileage
- Cell phone number
- Gross / other monthly income
- Date of birth
- Social security number or your Individual Taxpayer Identification Number
You can fill out this information by going online to our homepage and clicking the “APPLY NOW!” icon, or by giving us a call at 1-855-422-7412, texting us at 1-818-315-8741, trying our awesome live-chat feature, or you can even stop by our licensed location and talk to us in person!
- Get Approved
After you have successfully filled out your initial information request, a LoanMart title loan agent will contact you. Your title loan agent will give you your car title loan quote and discuss a few details of your loan contract with you. Note: your quote is always 100% free and you are under no obligation to proceed if you are uncomfortable with some of your loan contract details. Talk with your title loan agent if you are unsure about your loan agreement, we will WORK WITH YOU to make sure you feel pleased with your contract.
Once you have decided to proceed, your title loan agent will ask you for some documents. This documentation is just to clarify your information, rest assured knowing your documents will never be sold, distributed, or used for any purpose other than a resource for LoanMart.
- GET YOUR MONEY
Your title loan agent will prepare your loan contract for signing once we have received and reviewed your information and documents. LoanMart will also sign onto your vehicle title as a lienholder, but only for the duration of your loan. Once you have repaid your loan you can get your title back in your name.
Once you have signed your contract all that’s left is to receive your money and spend it how you like! LoanMart will never require you to disclose your spending history with us. If you choose, you can share your spending information with us to use as a customer testimonial. Show other people looking for a title loan just like you the benefits of choosing LoanMart! But remember, this decision is 100% up to you.