Get An Online Title Loan In Irvine CA
Highway Title Loans offers car title loans in Irvine with funding options in less than 24 hours. Title loans are offered for up to 65% of your vehicle's equity value, and you can get the cash in person right after you're approved and sign the contract! Unlike an unsecured loan, there's no waiting around for days to see if you qualify!
A title loan allows anyone with a paid off vehicle to cash out up to $20,000 from their equity. The requirements are far less than those for other unsecured personal loans. You won't need perfect credit to get approved, and some lenders in California won't even check your credit history when you apply.
Requirements For A Car Title Loan In Irvine
The requirements for a car title loan in Irvine are simple. You need a lien free vehicle titled and registered in your name. The car or truck must have full insurance coverage(loan amounts over $5,000 may require umbrella coverage for more than your vehicle's worth), and you need a current driver's license to verify your identity. Regarding the ownership of your vehicle, the car has to be in your name with no lienholders or 3rd party cosigners on the pink slip. All vehicles can qualify, but newer cars with low miles often lead to higher funding. Often the best cars to use for a title loan have a resale value of $8,000 or more and less than 150,000 miles.
Another requirement for title loans in Irvine is that your lender inspects your vehicle. The inspection often occurs before you sign the lending contract; after that, you'll add the title loan company as a lienholder to the car's pink slip. There are plenty of locations in Irvine where you can complete the inspection. A few companies in Northwood and University Park will even come to your home or place of business to do the inspection! During the inspection, we'll confirm that the vehicle has no serious mechanical issues. We'll check the VIN and mileage and confirm the car has been recently smogged.
Income verification is the last major requirement for a car title loan in California. This ensures you can afford the monthly payments, and your income often determines the monthly payment and repayment term. For example, an applicant must make $3,500 a month to qualify for a $2,500 title loan, so we know you can afford the monthly payments. Irvine title loan providers accept many documents to confirm income, including bank statements, employment records, and disability or VA benefits.
Loan Amounts And Interest Rates With Irvine Title Loans
Did you know that a title loan typically allows you to borrow more than you would ever get with an unsecured personal loan company? Unlike personal loans that rely on your credit score, a title loan uses your car as collateral, leading to loan amounts often exceeding $4,000 in Irvine. Minimum loan amounts are $2,500, and some lenders offer upwards of $20,000 for high value vehicles and loans on semi trucks.
The interest rate for a California title loan depends on the loan amount and your ability to repay the loan. The good news is that interest rates for loans between $2,500 and $10,000 max out at 36% in Irvine. This means you won't be hit with an APR of 75% or higher, which is common in other states! Even with a lower APR in California versus other states, it's still tough to repay the loan if you're not making extra monthly payments, so work with your lender to improve payment terms.
If you're having trouble making monthly payments or looking at a payment term of 24 months or more, you can always refinance your title loan. Even if your current lender is unwilling to reduce the interest rate, you can always apply for a title loan refinance with another company in Irvine to see if they're open to offering a loan with better terms. Anyone with an APR on their title loan of over 45% should consider refinancing, and it typically takes 30 minutes or less to see if you qualify. Apply with Highway Title Loans online or call us at 877-433-5454 to see if you are eligible for a refinance that could cut your repayment term in half!
Local Title Loan Companies In Irvine
Highway Title Loans offers pre-approval for online title loans, but we can also connect you with direct equity lenders in Irvine. You can meet with a local representative, complete the vehicle inspection, and sign the documents within a few hours. Some local companies offer cash in hand just hours after you are initially approved.
Are you looking to apply for a title loan with a neighborhood lender in Irvine? Apply online with Highway Title Loans; we only need your vehicle and contact info to determine your car's resale value. After that, we'll get you a free quote and estimate based on what a local title loan provider currently offers in Irvine. We will then match you with that title loan company, and you'll be well on your way to getting a sam -day direct deposit title loan!
Apply Now With Highway Title Loans!
Highway Title Loans works with companies offering car title loans in Irvine, and we'll help you get approved with just your vehicle's pink slip and proof of income. Your lender won't hold the car as collateral; instead, you add them as lienholders, and then you're on your way to picking up the loan proceeds; it's just that easy! Call us today at 877-433-5454 or apply online to get your funds in one business day or less!
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