Getting A Loan For Car Repairs

Aug 17, 2021
Title Loans


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.

 

Loan Qualifications

The biggest question you probably have is what qualifications you need to secure a loan from us. Let's start with what we don't ask about. We don't need to know how much you make or how much money you have. We also don't ask about your credit score or any of your expenses. We understand that financial situations are private matters that you want to keep within your home.

 

We do inquire about the details of your vehicle. We need to know the year, make, and model of your car. That way, we can assess how much your car is worth and how much of a loan you qualify for. In addition to your vehicle information, we also need to ensure that your vehicle is insured at the time of the loan and throughout the repayment period.

 

Applications

We start by asking you for some basic information on our online loan application, like your name and email address. Then, we'll ask you for some details about your vehicle. We will also ask if you're currently in bankruptcy. After that, we're all set to evaluate how much you qualify for.

 

After just a little bit of work on your end, you're all set to make an appointment at one of our offices. The sooner you make the appointment, the better because you will leave your appointment with a check in your hand. Then, you can go straight to your bank. Our loan process is quick so that you can get back on the road.

 

Re-Payment

You will be responsible for repaying your loan for car repairs over 12 months. Since we know your primary focus will be your car repair, the first payment isn't due until 30 days after receiving your loan. After a year of easy payments, you will have completely paid off your auto repair loan.

 

When you're ready to make a payment, you have three options. You can mail us your payment, or you can head to an authorized payment center at 7-11 or Walmart MoneyGram center. Still, most people choose to pay online at their convenience.

 

Missing Or Late Payments

We understand that sometimes life gets in the way, and you may have obstacles to overcome when it's time to make your payment. If you're struggling with your loan for car repairs payment, give us a call. You will get a ten-day grace period on each one of your 12 payments. There is no late charge during those ten days; you just have to tell us the payment will be late.

 

After the ten days are up, a late fee will occur. You should still give us a call so we can try to help. Our customer service representatives understand that you're human and unexpected expenses arise. We want to help you in any way we can.

 

Title Loan For Car Repairs In Florida

Getting a loan for car repairs is easier than ever with Rapid Auto Loans. If you need cash quick, without all the red tape, a title loan could help. Get back on the road today by giving us a call at 954-960-7097 or by visiting our website. We look forward to helping you with your quick cash needs!
 

OTHER ARTICLES

apply for title loans online

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.

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Many people think that they can never go on vacation again after having kids or paying back student loans. They think it’s just too expensive. Factoring in the cost of plane tickets, hotel rooms, attractions, and food, it’s easy for costs to quickly add up. But that all depends on where you decide to go, and how you get there. Read on for some affordable vacation ideas for the thrifty family.

How To Avoid Title Loan Repossession

While nobody wants to consider defaulting on their title loan, not making a payment is a genuine possibility. Potentially, it could result in the repossession of your vehicle. In these still troubling times, there are several reasons people may fall behind on their payments. Understanding title loans and repossession laws are critical to weighing your options and settling on a solution. Rapid Auto Loans is here to explain everything you need to know to avoid title loan repossession.

short-term loan

Find Fair Interest Rate For Short-Term Loans

Mar 22, 2022
Money Saving Tips

A short-term loan such as a car title loan from Rapid Auto Loans offers you quick cash when you’re facing financial hardship. Get the emergency money you need by using the value of your vehicle as collateral for the loan. Our car title loans help keep you from having your utilities shut off, out of foreclosure or being evicted, or even out of collections too. Our goal is to help our customers throughout Pompano Beach get the cash that they need fast.

Quick Cash When You Need It

There may come a time when you need quick cash and seem to be out of options. Fortunately, Rapid Auto Loans has a solution. It may be that you are struggling with a negative credit history, but this shouldn’t prevent you from accessing quick cash when you need it! At Rapid Auto Loans, we can assist you in borrowing money based on the current equity of your vehicle. Let’s look at how this works.

What Are My Options For Quick Loans?

If you’re looking for quick loans, you’re in luck. You have a few options to choose from. Which loan you choose is completely dependent on what you need the loan for and your personal circumstances. When you’re shopping for a same-day loan, chances are your main options will fall into a few main categories.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:
3,233.68

APPROVED LOAN AMOUNT

0.00

Government Fee

25.00

Credit investigative Fee

11.55

Documentary Stamp Tax

3,270.23

Total amount Financed

11/1/2016

Original Loan Date

29.07%

APR

316.39

Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.