One of the first things that people ask us here at Car Title Loans is “What is the maximum loan amount I can get?”
Lenders use a wide variety of factors to assess and determine the value of your vehicle and how much they can lend you on it.
However, not all lenders let you in on that process in the way that Car Title Loans California does.
We have crafted new ways of valuing your vehicle and determining a lendable amount so that the process will be as easy as possible and you will be able to borrow as much money as you might need.
We can usually give you a quote over the phone by knowing just a few simple facts about your vehicle. We go to all this trouble to make the process as quick and painless as possible because we are aware that you are probably in a hurry and need money quickly.
We have consistently made our customers our top priority which is why we care about transparency and consumer education.
We want to help you understand each step of the lending processing before you make any commitments.
To understand better how much you can get on a car title loan then please continue reading. If you decide that your car has enough value in it or you would like to receive a free quote from us on your vehicle, then fill out our online application or give us a call today!
You can get an idea about the value of your car before even speaking with us if you wish to by checking out any number of various car value estimators.
One long-standing online free estimator is Kelley Blue Book.
If you input your vehicle’s age, make, and model then you will be able to find out a ball-park estimate of what your car may be worth.
That is usually the first step we take in determining how much we can lend you. We run your vehicle through a more exact estimator to determine the trade-in value of it by using the year, make, model, style, mileage, and condition.
Most lenders go by the trade-in value of your car since that is what most dealerships would pay for it if you were to get rid of your car.
To give you a free quote, we only require the basic facts.
To get you a more solid quote with loan terms, we require pictures of your vehicle to verify the mileage and the condition of your vehicle.
Then when we pass over the money that you are borrowing we like to take a quick look at your vehicle in person so we can verify that the pictures were accurate and current.
Once we have determined a more exact picture of the trade-in value of your vehicle we can cut that down to the lendable amount for your title loan.
We are usually able to offer UP TO 85% of the trade-in value price to qualified applicants.
You can occasionally qualify for more than 50% or sometimes qualify for less. Whether you can get more or less than 50% is usually determined by the requirement to qualify.
We cannot overextend our customers because of the high-risk it poses to both us and them.
If you are left with any questions after learning about how we determine the value of your car and how much you can get on a car title loan, then please give us a call. We would love to answer all your questions and give you a free quote on how much you may be able to borrow.
However, if you have already decided that you would like to apply for a title loan with Car Title Loans California right away then go ahead and get started with our online application!