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Car Equity Loans

When you need money fast but bad credit is preventing you from accessing the cash you need, car equity loans could provide the solution you need.

If you are not familiar with car equity loans, the process is fairly straightforward. Just as you can tap into the equity in your home to take out a loan, you can do the same with your vehicle. A car equity loan functions as a type of secured loan allowing you to use your vehicle title as security or collateral for your loan.

When taking out car equity loans, you will allow the lender to place a lien on your vehicle title. You will also surrender the hard copy of your vehicle title temporarily to the lender in exchange for your loan. Once you have repaid the loan, the lien on your vehicle title will be removed and your title will be returned to you.

Equity

car equity loansTFC car equity loans has 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 a car equity loans, which actually grant borrowers a loan based on how much their vehicle is worth.

These 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 loans work. In general, and how each state regulates auto equity loans online and off borrowers looking to solve their financial worries can take the first step toward peace of mind.

So, What Exactly is Car Equity?

Most people have probably heard the term “equity” used in reference to a home, which increases in value over time and creates additional wealth for buyers. The equity in a home is based on the difference between the home’s current value and the amount of money left to be repaid to the mortgage lender.

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 understand how an auto equity loan works.

Auto Equity Loans Online: How These Unique Loans Work?

TFC Car equity 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 limits, and a far easier chance at approval. This is because of a few key factors that are unique to TFC auto equity loans:

Key Factors

  • Collateral : Auto equity loans require collateral in the form of a fully owned vehicle and its associated title. By using collateral, lenders are able to reduce the risk associated with issuing a loan. We can therefore offer loan approval to a far greater share of applicants.
  • Predictable Loan Amounts: 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 a loan and know exactly how much money you will be granted by us.
  • Quick Approval and Payment: Most of our 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 Repayment Periods: Most people want to repay a loan 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 their repayment term up to a full year if you need more time to repay the balance.

How to Get a Car Equity Loan

The process of applying for an online car equity loans only takes a few minutes to complete. When applying online for a car equity loans, you should be prepared to provide the following information:

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

With this information, we will quickly inspect your vehicle and do other necessary needs to make sure that you have the loan that you want.

We are licenced by the DBO.

How Can Car Equity Loans Be Used?

One of the most common questions that many people have when considering car equity loans is how the loan proceeds can be used. Unlike a loan from a standard bank, TFC car equity loans can be used for virtually anything. You may be able to simplify your other debts by paying off debts and taking advantage of a single monthly payment. Another common use of our loan is to handle unexpected expenses. Some borrower opt to use their loans to make a large purchase or simply enjoy the flexibility and convenience of having a little extra money.

Common Myth

There is sometimes a common myth that in order to benefit from car equity loans, you must be in a desperate financial situation. This is not at all the case. 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.

Some people may believe their vehicle is too old 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, it’s entirely possible that 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. Another interesting thing about TFC car equity loan is that you will still be using our 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.

Advantages Of Equity Loans

Vehicle equity loans can present a number of advantages, including:

  • Access to cash quickly
  • Ability to be approved for a loan regardless of bad credit
  • Loan proceeds can be used however borrower wishes
  • A relatively small loan that can be easier to pay back

Does my credit score matter?

Not necessarily. When you come to us, we will check your credit history to know your credit score, but after checking your credit score and we discover that you have a poor credit history. It will not stop us from approving your loan. But rather it will give us an insight on the type of loan amount that we will give you.

Where to find a car equity loan

If you’ve exhausted all your options and are still in the market for a reputable car equity loans 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 car equity loan is here to help you out. We are simply amazing and we have been in the market for years. Helping so many individuals get around their financial hurdles and you will not be any different from the rest.

How to Apply for Car Equity Loans Online

The first step toward getting car equity loans is to submit the official application online. This application is actually very simple and requires only a few basic details. Potential borrowers will need to have the following information available as they fill in the required fields of the online application:

Requirements

  • Full name
  • Address and zip code
  • Primary phone number
  • Vehicle make, model and year
  • Current vehicle mileage
  • Fully owned vehicle title free of any liens

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

Next Steps: What Happens After Submitting the Application?

After the application has been submitted electronically, one of our loan specialist will review your contact information and vehicle details. We will then use this information to generate car equity loans estimate. Once we have made a loan estimate and approval decision, we will then contact you to discuss the loan terms and the funding process. When the loan balance has been received, customers move from the application process to the repayment period. And yes, it is as easy as that. Most times, our customers receive the loan amount on the same day of the loan application our loan process is the best you can get anywhere around the States.

Why Car Equity Loan is The Best Option for You.

TFC car equity loans really speak for themselves – the name says it all.  When someone applies for a car title loan, we look at the car’s details and the percentage of the original value that still remains and we can advance a sum equivalent to that. Not less than $2,600 and up to $50,000.

Our Equity title loans online are so low risk they are called secured loans. Everything is secured because it is all based on the blue book value of your vehicle. This creates less risk for the lender and more for you to gain. The lender is added as a lien holder to the card registration, and you as the owner can keep on driving it, even as you pay back the loan. Online car equity loans experts at TFC car equity loan aim to make your life as easy and hassle free as possible by making money a non-issue.

Really Fast, Utterly Flexible – the Joy of Instant Cash Loans

Normally when you want to borrow money you esquire, you ask. You wait, you are interviewed, and you get given a form which you laboriously fill in and then you wait and you wait.

Then (only too often!) someone says “no”. It gets frustrating, doesn’t it? Nobody likes being treated as if your feelings never matter which is so often the case when someone has credit issues. With us, an instant cash loan is an instant cash loan – well, almost anyway.

It isn’t just a question of snapping your fingers and then hey presto here’s the money but it is certainly the next best thing. You make a call to our offices or you use the form on this site and then you’ll be involved in an interview which is absolutely nothing like the one described above. Just a few questions about your car and almost in an instant. Less than an hour – the cash will well and truly be in your hands.

Conclusion

In summary, TFC car equity loans has been in existence for a while now and we have been helping a lot of people scale through their financial hurdles in their hard time. You will not be any different when you come to us. Just take that right decision today and pay us a visit and then you will witness this financial breakthrough that we are talking about.

Title Loans & Pawn Benefits
  • Same Day Cash
  • Quick Approval
  • All Credit Accepted
  • Keep Driving Your Vehicle
  • Competitive Rates

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