Just because you own your own car, does not mean that you will quality for car title loans in Los Angeles. Depending upon the make, model and year of the vehicle, it could be too old to have any equity left to borrow against. In most cases, you will need to have at least a $4,000 wholesale value in your vehicle in order to qualify for a car title loan. However, if you have a vintage or classic car, there may be programs available to get you the cash you need.
Car Title Loans in Los Angeles Are Calculated Based on the Wholesale Value
Before you apply for car title loans in Los Angeles, it is a good idea to determine the value of your car. When you are valuing your car, you should look at wholesale or trade-in values because car title loans are calculated using the wholesale value. Here at Car Title Loans California, we offer a link on our website to Kelley Blue Book which you can use to get the value of your car for free.
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