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27 Mar 2019   /   0 comments

What Are Title Loans Based On?


what are title loans based onHere, at TFC Title Loans, we have been asked many times, by individuals considering title loans as a solution to their financial struggles, the question of exactly what are title loans based on. This answer can be more complicated than just “on your car” since there are several factors that go into calculating the actual amount that can be lent out in an auto title loan. This is why we want to let you in on the process that goes into approving applications and calculating the amount of the loan in order to answer that question of what are title loans based on. We do this because we are passionate about consumer education and lender transparency. If you know all the ins and outs of the process then you will be able to make the best decision based on your financial need.

Since we are the oldest title loan lender in the state of California, we have a one up on our competitors with our ability to streamline the process and give you the best rates. Ever since 1994, we have worked hard to come up with innovative ways to give you the most value out of the car your title loan is based on. In addition, we have simplified the process so that we can get you a free quote on your title loan over the phone just by knowing a few basic facts about your car. Our priority is to make the application, lending, and repayment process as easy and hassle-free as possible.

What Are Title Loans Based On ?

It’s our goal to help you understand every aspect of what you are getting into with title loans before you ever make a commitment. To learn more about what title loans are based on, then keep reading this informational resource page and we will explain it in detail. If you are interested in finding out how much you might be able to receive from a title loan then consider filling out our quick and easy online application today!


State Restrictions

Although, it is true that Car Title Loans are based on the value of your car, there are other considerations that need to be taken into account as well when determining an amount. One of these is the particular regulations of your state regarding title loans. Our current servicing areas include California, Arizona, and New Mexico. The regulations for these states are as follows:

  • California: The minimum amount is $2,600 and the maximum amount is $50,000.
  • New Mexico: The minimum amount is $1,000.
  • Arizona: The minimum amount is $1,000.


Vehicle Trade-In Value

If you want to get an estimate of what your auto title loan amount might be before you get your free quote from us, you can get a decently accurate estimate on your vehicle’s trade-in value online. That trade-in value can give you an idea of how much you may be able to acquire from a title loan. Luckily, there are a lot of great online vehicle value estimators out there. One reputable one that you may have already heard of is Kelley Blue Book. To find out the trade-in value, all you need to do is fill in your vehicle’s age, make, and model. Once you do that you will have a ball-park estimate. This is just like the first step we use to give you a free quote, only we use a more exact estimator inputting your vehicle’s year, make, model, style, mileage, and condition. We always use the trade-in market value of the vehicle because that is usually the price that dealerships are willing to pay for it.

In order to offer you a free quote, we only need to receive a simple online application form. Simply fill it out and we will give you a call to let you know what we have found. And if you would like a more exact quote with customizable loan terms, then we will require pictures of your car to confirm the condition and mileage.


What We Actually Lend You

Once we run your vehicle’s information through the estimator, we will have a better understanding of your vehicle’s value. When we have that, we can determine how much we will be able to lend you. We usually offer around 50% of the trade-in value to our qualified customers. You may be able to get more or less than 50% of the car’s trade-in value depending on your proof of income.

Now that you know what are title loans based on, apply to see how much you could qualify for today!

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