What Is Auto Title Loan?
If your cash flow is running low due to some urgent circumstances and you need short-term cash till next payday, then auto title loan could be the right choice for you. Car title loan cash is a means of providing quick cash, while the lender keeps the title certificate of your car and a copy of your key as security. In case you are unable to make the required payment, the lender sells your car to collect the loan amount. How To Get It? The whole process is quite fast and simple. To qualify for the car title loan, your car should be paid off so that there should not be any pending payment for it. The highest loan amount is determined based on the resale value of the car. The new car loan calculator is quite useful in this matter. It will help you to calculate how much exactly you can borrow and the corresponding auto loan interest rate.