Auto Equity Loans for 2020 | TFC Title Loans | Your Premier Lender

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Auto Equity Loans

Most people have probably heard the term “equity” about a home, which increases in value over time and creates additional wealth for buyers. Here’s how auto equity loans work. Car equity is a similar concept. Instead of being calculated based on a car’s value and how much is still owed on that vehicle to a lender. Car equity is calculated simply by looking at the fair market vehicle of a car that has already been fully paid off. With an understanding of equity, it’s easy to comprehend how an auto equity loan works.

equity auto finance

What are Auto Equity Loans?

Auto equity loans are a type of secured loan in which the owner of a vehicle uses the value of their car as collateral to obtain cash. Naturally, these loans are very similar to home equity loans. Automobile Equity Loans are great for those needing cash who don’t want to impact their credit. Car Equity loans are fast and affordable!

These loans are gaining popularity because they let you repurpose your real estate. Auto Equity loans appeal to those who have less than perfect credit because rather than credit-based lending, some lenders will allow you to use your assets as collateral for a loan.

Auto Equity Loan Provide Emergency Financing for Crisis Times

One of the most common questions that many people have when considering car equity loans is how the loan amount can be used. Use our loans for virtually anything. You may be able to simplify your other debts by consolidating them and taking advantage of a single monthly payment.

Another common use of our auto equity loan is to handle unexpected expenses. Some borrowers opt to use their loans to make a large purchase or simply enjoy the flexibility and convenience of having a little extra money. Other uses include:

  • You have a sudden medical or vet bill
  • Make emergency car repairs
  • Consolidating Debt
  • Need last-minute trip expenses
  • Want to have the extra money in the bank
  • Invest in new opportunities
  • If you need Emergency funds fast

auto equity loans

Auto Equity Loan Benefits

These affordable auto equity loans have quite a few benefits, not the least of which is the ability to ease a brief financial downturn and shore up the household budget. By understanding how these car title loans work and how each state regulates auto equity loans online, borrowers looking to solve their financial worries can take the first step toward peace of mind.

 

  • Auto Title Loan Collateral: Auto equity loans require collateral in the form of a fully-owned vehicle and its associated title. By using collateral, lenders can reduce the risk associated with issuing a loan. We can, therefore, offer auto equity loan approval to a far greater share of applicants.

car equity loan

  • Large Loan Amounts: Car equity loan amounts are based on the fair market value of your car and, in many states, dictate the maximum amount of money that can be loaned to a borrower upon approval. This makes it easy to apply for auto equity loans and knows exactly how much money you will be awarded.
  • Quick Online Approval and Payment: Our Auto equity loans are offered online, with fully electronic applications that can be reviewed and approved within minutes; the typical loan is also funded and transferred into the borrower’s bank account electronically within one business day.
  • Short, Flexible Repayment Periods: Most people want to repay auto equity loans quickly and forget about it. In many cases, TFC title loans can be fully repaid in as little as 30 days. In many states, however, you can extend the repayment term up to a full year if you need more time to repay the balance.

Auto Equity Loans Provide a Quick Financial Solution in Times of Need

Auto equity loans have worked hard to create lending options that work for customers who need a short-term financial fix instead of a long-term headache. Such as car equity loans, which grant borrowers a loan based on how much their vehicle is worth. Automobile equity loans are a fast way to get the emergency money you need.

We can get you an auto equity loan online today, our fast online approval makes it easy! Another term that is commonly used is a title pawn loan, which is essentially the same thing. Just a few questions about your car and almost in an instant equity auto loan. Less than an hour – the cash will well and truly be in your hands. With TFC you have the convenience of a title loan lender near you.

auto equity loan

Auto Equity Loan Requirements

Things you’ll need:

  • Name
  • Date of birth (must be at least 18 years of age)
  • Email address
  • Primary telephone number
  • Employment status
  • If employed, the name of the employer and work telephone number
  • Gross monthly income
  • Other income sources
  • Make and model of vehicle
  • Year of vehicle
  • Mileage
  • Your car’s VIN

It’s important to remember that our car equity loans are based on the fair market value of the vehicle being used as collateral. For this reason, you will have to submit the most accurate and up-to-date information about their vehicle when applying for our car equity loans online. Furthermore, the vehicle must be fully-owned without any liens. That means the car cannot currently be financed. You must have the title and also have all the necessary documents before applying for a title loan.

vehicle equity

Auto Equity Value as Determined by The Kelley Blue Book

There are several free and available tools for you to use when trying to evaluate the value of your vehicle. Your vehicle equity value can be determined by the Kelley Blue Book and our company lends up to 85% of the wholesale value. We accept most vehicles including but not limited to sedans, SUVs, trucks, RVs, semi-trucks, motorcycle, etc. Likewise, vehicles can either have a clean title or salvage title. To drive the point home, your loan approval is contingent on whether or not your vehicle contains substantial equity value. You can use our title loan calculator to estimate the cost and size of your loan today!

The process of applying for online car equity loans only takes a few minutes to complete. When applying online for car equity loans, you should be prepared to provide the necessary documents and information listed in this article and don’t forget you can always contact our support for further assistance.

With this information, we will quickly inspect your vehicle and do other necessary needs to make sure that you have the auto equity loan that you want, qualifying for our title equity loans is fast. You do not need to be in dire financial straits to take out a car equity title loan with us. Our loan can be advantageous for individuals who simply wish to make the most of their current financial situation.

Auto Equity Loans for Older Vehicles

Some people may believe their vehicle is too old for vehicle equity loans or it has too many miles on it to have any real value or equity, so they hesitate to take out car equity loans. Vehicles are retaining their value for far longer today than in the past. Therefore, a vehicle could still have enough value to provide the basis for car equity loans even if it is older or has a lot of miles.

what is vehicle equity

Another interesting thing about TFC Title Loans is that you will still be using your car as usual without any interference from us. We only take your car title and hold on to it for the period of the loan but we will not stop you from using your car.

TFC Title Loans is The Best Option for You!

TFC Title Loans are one of the most popular short-term lending options available to today’s borrowers. We offer fast application and approval processes, large maximum loan amounts, and a far easier chance at approval for your automobile equity loan. This is because of a few key factors that are unique to TFC’s auto equity loan. You can get your auto equity loan online, from us. We want to ensure that the loan you apply for is within your budget. Therefore, the more equity value within your vehicle, the more cash you might be awarded when you are approved for a loan. Most community banks and some credit unions offer auto equity loans. Unfortunately, rates for these loans are dependent on the quality of your credit score and your credit history. Read more at https://en.wikipedia.org/wiki/Title_loan

TFC bad credit equity loans speak for themselves – the name says it all.  When someone applies for an equity loan with bad credit through us, we look at the car’s details and the percentage of the original value that remains. Then, we can advance a sum equivalent to that. Not less than $2,600 and up to $50,000. Don’t forget to give us a call if you have any questions regarding our loans and loan process today!

Auto Equity Loans – Apply Now!

auto equity loans online

Apply online to get your equity auto loan refinance. We’ll reply immediately after the processing is complete we will then use this information to generate auto equity loans estimate. Once we have made an auto equity loan estimate and approval decision? We will then contact you to discuss the loan terms and the funding process. And yes, it is as easy as that.

Most times, our customers receive the loan amount on the same day as the equity auto finance application our equity loans with bad credit process is the best you can get anywhere around the States. Our instant equity auto loans are secure. This creates less risk for the lender and more for you to gain. And, you as the owner can keep on driving it, even as you pay back the auto equity loan.

Online car equity loan experts at TFC car equity loan aim to make your life as easy and hassle-free as possible by making money a non-issue. Don’t hesitate to contact our dedicated customer service team with any questions! Read more about auto equity loans from https://www.nerdwallet.com/blog/loans/auto-equity-loans/.

Conclusion

If you’ve exhausted all your options and are still in the market for a reputable car equity loan company. I know you may have done a little legwork to find a good one and it has not been easy. Worry no more, TFC auto equity loans are here to help you out. We are simply amazing and we have been in the market for years.

car title loans online

Helping so many individuals get around their financial hurdles and you will not be any different from the rest you will use the equity of your vehicle to get you the money you need today. If you are wondering if you can get an Auto Equity Loan, do not worry, we can help you where ever you are located. Our fast and simple online title loan application will get you funded today by using your auto equity. Please contact our helpful and dedicated customer support team so we can get you on the way to financial happiness.

Frequently Asked Questions
What is an equity loan?

Equity loans are used to get money quickly based on the value of items owned like cars or houses.

What is a pink slip?

A car's "pink slip" verifies ownership of the vehicle and can be used to leverage the car's value to take out a loan in the event of an emergency.

Does a bill of sale show ownership of a vehicle?

No, the bill of sale is only a record that a sales transaction occurred between two parties.

Lenders Law Licence Number by DBO 6038192