Many people applying for auto title loans have the same question: Can I get a title loan with an older car? With Rapid Auto Loans, the short answer is, yes! Why should you be penalized because you don't drive a newer car? But there are some considerations to be aware of. Here's how you can qualify for an auto title loan.
At Rapid Auto Loans, we look at the value of your car. We do this by conducting an accurate value appraisal. We consider the following factors:
We take an objective evaluation of your car's mileage and year model. We find value in most cars with a mileage of 150,000 miles or lower. In addition, A car with an approximate age of 15 years or younger will also be considered. This isn't to say that won't if your car doesn't meet these requirements.
We also make use of online assessment software. This gives us a market-related evaluation. Our assessment gives clients the peace of mind that they are getting a fair valuation on their car. This will equate to a fair title loan amount.
Once we have a value in mind, we compare this against the requested title loan amount. A general rule of thumb is for your car to have twice the value of your title loan request. This way, you are protected with a reasonable title loan amount. For example, if you need to borrow $1,000, then your car value needs to be at least $2,000.
So how do you apply for that much-needed title loan? The process is quick and easy. Once you've filled out an online car title loan application or over the phone, we determine the amount you qualify for. In this case, we include your car's value assessment. You'll then set up an appointment at one of our inspection centers. These are based in main centers such as Miami, Fort Lauderdale, and West Palm Beach. The inspection center will then send us the required information for verification. This takes about 30 minutes. Once your application is approved, we'll hand you your check. You can cash your check on the same day.
Your car acts as collateral for your title loan. Full stop. Your auto loan application is not based on your credit score or your bank account. We understand that your financial affairs are private. We determine the funds available to you based on the value of your vehicle. Chat to us about securing the necessary collision insurance. Our insurance plans are easy and affordable.
We have a dead easy payment plan. You will make a total of 12 monthly payments on your loan. And the first payment isn't due for 30 days from your loan date. You will never be charged a prepayment penalty. And interest is only charged from the time the loan is outstanding. You can pay your installments using one or three convenient options:
Paying your loan shouldn't have to be complicated. All payments are secure, and we will never store your banking or card information.
With Rapid Auto Loans, you can get quick cash for your older car. Simply complete an application or call us at 954-960-7097. If you have any questions, give us a call, and we'll be happy to assist you. We want to make your application process as stress-free as possible. Like Rapid Auto Loans on Facebook to get the latest updates.
It can be very common for your credit score to be lower than you’d like it to be if you’ve paid your bills late in the past or have a lot of debt. Bad credit can then put you at a disadvantage when it comes to getting approved for loans in the future. Rapid Auto Loans is here to help you and will approve your loan when nobody else will.
When you need car repairs, there’s no time to waste. You rely on your car to get your kids to school, get to work, and live your life. Being without a car for even one day can be detrimental. That’s why if you need a loan for car repairs, Rapid Auto Loans can help. We don’t want you to be stuck without a car any longer than you have to be.
Moving is an inconvenient but often necessary part of life. Packing up all your belongings can be tedious, but few things are as stressful as the price tag that comes with it. From the cost of cardboard boxes to the moving van, and then the gas to get from Point A to Point B, these costs can add up quickly. You may be worried about how you can afford it all.
You can never be too prepared, but sometimes life can throw a massive curveball your way. We’re living in an era where your credit score affects how far you can go in life. It’s easy if you can afford the basic cost of living and there are no unexpected surprises. Except sometimes you’ll be hit with an expense that you weren’t prepared for. It could be something small and an easy fix if dealt with immediately.
At Rapid Auto Loans, we offer title loans online to those looking for ways to get emergency cash when they need it most. Unlike a payday loan, this loan uses the vehicle’s value as an exchange for funds. We never look at your income or credit score to provide these loans. Ultimately, the amount of money you can borrow with title loans online will depend on the value of your vehicle. The average loan from Rapid Auto is $2,000.
Ever have one of those times when you could really use some extra cash? Of course, you have – most people have at some point or another. Every now and then, something comes up that you didn’t plan for, and it costs money to fix. But how can you find this cash, short of robbing a bank? One option is a car title loan.
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