HOW CAR TITLE LOANS WORK

Car title loans, also known as auto title loans or pink slip loans, are a kind of collateral loan that uses the title of your vehicle as collateral to secure the money borrowed. The amount of money loaned out is based primarily on the wholesale value of your car, which means credit history doesn’t have to be taken into account. A loan agent representative can send you notice of your approval within only 15 short minutes after you complete our quick and easy car title loan application, either online or by phone.  That’s how fast the process can take place! Once you’ve been approved, you may be able to pick up your loan within the hour! 

As part of the loan process, Car Titles Loans California is placed as a “lien holder” on your title, which just means that we’ll hold on to the title for as long as the loan period lasts. Once you’ve paid down your loan in full, we’ll return your title, no further questions asked.

Car title loans start at $2600 and go up to $50,000. That’s much more than what payday loans offer and unlike auto pawn loans, you don’t have to give up your car to qualify. Loan terms typically last 24 or 36 months, but since we have no pre-payment penalty, you can repay the loan any time before that, without worrying about any incurring fees or being charged unpaid interest!

So How Do I Get Approved?

To get approved for our car title loans you will need a car at wholesale value of at least $4,000. You will also need to provide proof of monthly income of at least $1,200, though we accept alternate sources of income, like unemployment, disability, or retirement. Finally, you will also need to provide necessary documentation, like proof of full coverage insurance on vehicle, proof of residence, and proof of income. Following is a full list of our approval guidelines.

Approval Guidelines

  • Proof of full coverage insurance on vehicle
  • Copy of original title
  • Driver’s license or State ID
  • Proof of residence (we accept utility bills, rental agreements, etc.)
  • Proof of income, with a monthly minimum of $1,200 (we accept unemployment, disability, retirement, and social security as alternate forms of income)
  • 6 references (with 1 family member)

Refinancing Options

If you currently have a title loan with Car Title Loans California or if you have one with another company, you can contact us today about refinancing options. We can usually offer more money and better loan terms. We’ll let you know if refinancing is an option for you and help you get started on the process.