FAQs about Car Title Loans Online
Information about Auto Title Loans, Car Title Loans, Bad Credit Loans and etc..
Learn more details about car title loans, auto title loans, how easy the application process, and other details here in our FAQs.
What is online car title loan?
Online car title loan allows you to start the process online by filling out the application online. This makes the process fast and easy and you can get your money faster.
How do car title loans work in California?
Car title loans in California is simple and easy. It is secured by the equity of your vehicle. You get your money while you keep and drive your car. You make monthly payments on your car title loan that is manageable to you. You can pay off your car title loan anytime without any prepayment penalties. Car title loans are based on simple interest computation. You only get charged interest on the principal balance of your vehicle. Title loan is the fastest way to get the money that you need with a term that is affordable to you.
What is the car title loan process?
Car title loan process is very simple and easy. First, we check if your vehicle qualifies and estimate how much you can borrow based on the value of your vehicle. If you qualify for a car title loan, we can do the application over the phone, you can fill it out online, or you can send the application back to us via email, fax, mail or whatever is convenient to you. We can get you approved in minutes and we will ask you to submit the simple documents that we need via email, fax, mail or the most convenient method for you. Once we get all the documents, we can schedule you for appointment and fund you right away. You have to bring your original title and your vehicle for inspection on your appointment for funding. We work on your time and we can schedule by appointment outside of our regular office hours and on weekends.
What are car title loan requirements?
Car title loan requirements are that your vehicle must qualify first, and you must be able to demonstrate income and ability to pay your monthly payments.
Do you have to have a job to get a car title loan?
You must be able to provide proof of income to get a car title loan. Paystubs, bank statements for self-employed, award letter for social security income and award letter for annuity income are accepted as proof of income.
Does my car need to be paid off to get a car title loan?
No. We can pay off the existing balance on your car provided that it is less than the loan amount that you get approved for an auto title loan.
If there are two owners listed in the vehicle title, do both owners need to be on the loan?
If there are two owners but the ownership states “or” on the title of the car then we do not need both owners to be on the loan.
Do I pay a penalty if I want to pay my loan early?
There is no prepayment penalty so you can pay off your title loan early.
When is my first payment due?
Your first payment is due 30 days after you receive your car title loan.
How often do I repay my car title loan?
You make monthly payments on your car title loan.
How long do I have to repay my auto title loan?
Most loan terms of an auto title loan are between 24 to 44 months.
Do I have to go to DMV?
No, we can take care of the DMV paperwork for you most of the time.
When I apply for a car title loan, will you run a credit check on me?
Yes, we will run credit when you apply for a car title loan with us but we only do this to check for bankruptcies and to see how much you can qualify for and WE DO NOT BASE OUR DECISION ON YOUR CREDIT SCORE.
If I do not pay, will my car be repossessed?
Title loan uses your vehicle as a collateral. Sabre Lending LLC believes in working with our customers, that is why we want to help our customers all throughout their loan cycle. Repossession is a final measure and is not a desirable outcome for either party.
What is a car title loan?
Car title loan also known as auto title loan or pink slip loan is a personal loan that is secured by the equity of your car. You give your car title (pink slip) in exchange of your loan and the lender gets added as lienholder to your title while you get to keep and drive your car. Once your auto loan is fully paid, your car title is returned to you.
How do I apply for an auto title loan?
You may apply for an auto title loan online by filling our application form or you may call us at (844) 651-5144. If you apply online, our company representative will call you and help you get the loan right away.
How much can you get on a car title loan?
You can get $2,510 up to $50,000 depending on the value of your vehicle and how much payment you can afford.
How do auto title loans work?
Auto title loans are personal loans that are secured by the equity of your automobile. Auto title loan is used for personal and emergency needs. It is fast and easy to get auto title loans. Your vehicle must be fully paid or you have small payments left on your vehicle to get auto title loans. Auto title loans terms are normally from 24 to 44 months so you can afford and manage your monthly payments.
Car title loans, how they work?
Car title loans is another term for auto title loans. So, it works just how auto title loans work. Your vehicle is used to get a car title loan. You turn in your car title or pink slip while you get to keep and drive your car. The lender is added as a lienholder on the vehicle title and the lender can take care of most of the DMV work. It is a fast and easy way of getting the money that you need right away.
How title loans work?
Title loans are the same as auto title loans and car title loans, and they all work the same way. Title loans are the solution to your personal and emergency needs.
Can you have two title loans at the same time?
If you have two or multiple vehicles then you can have two or multiple title loans at the same time as long as you can manage the monthly payments. You can only have one title loan for one vehicle. If you have an existing title loan, you can still have it refinanced with us for a lower rate or to get additional funds, and we will take care of paying off your existing title loan.
Can you have more than one title loan?
You can have more than one title loan if you have more than one vehicle. Only one lender can be added as a lienholder to a vehicle. If you have an existing title loan from another lender, we can help you pay it off and refinance your vehicle for a lower rate and/or to get more money.
What documents do I need to provide to get a car title loan?
You have to provide vehicle’s original title (lien release is acceptable), proof of residence, driver license, 5 references, proof of insurance, proof of income and any additional requirements that you may need upon review of your car title loan.
What requirements do I need to get approved for a car title loan?
The requirements are that your vehicle’s wholesale value must be at least $4,000, and you must demonstrate income and ability to pay your monthly payments.
Do I get to drive my car?
Yes, you get to keep and drive your car when you get an auto title loan. We are just added as lienholder to your vehicle title.
Do I need to have a pink slip with me to get an auto title loan?
If your pink slip is lost, we can still give you a car title loan provided that you own the vehicle.