Get A Same Day Car Title Loan In Los Angeles
Are you looking for a short-term loan of $2,500 or more in Los Angeles but can't get approved for a personal loan because of poor credit? Highway Title Loans offers car title loans in Los Angeles, and you can borrow up to $25,000 using the equity from your car as collateral. A title loan is different from a bank loan as there's collateral backing up the amount borrowed. That means the interest rates are sometimes lower here in California and your chances of getting approved are much better, even if you have a bad FICO score!
Qualifying for a car title loan is fast and hassle-free, and you have many choices on how to apply. Get started on our online application form with Highway Title Loan; call us at 877-433-5454, or apply with us in person at 5757 West Century Blvd in Los Angeles! No matter what method you choose to submit your information, there's a decent chance you can get pre-approved in less than an hour with same day approval and funding! In addition to getting your cash quickly and not worrying about your credit history, you can rest assured that we only need your car's title as security for an online title loan. You'll keep driving your vehicle for the entire payment term! Read on to learn about the requirements, loan amounts, and how to get started!
Requirements For Title Loans In Los Angeles, CA
Applying for auto title loans in Los Angeles, CA, is simple as long as you have the necessary paperwork for any newer, paid-off vehicle. Before we can get you a quote with different payment options, we'll need the following documents:
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- Clean And Clear Vehicle Title - The car must be titled in your name and can't be shared or cosigned by another person. It should be free of any lienholders, and you'll need to sign the pink slip to your lender upon approval.
- Proof of California Residency - You must reside in California to qualify for a title loan in Los Angeles. Send in a utility statement or lease agreement to verify residency. We'll also need a driver's license or ID card to verify your identity.
- Proof of Income - We need proof that you can afford the payments. Verify your income with employment records, pay stubs, government benefits, or bank statements.
- Up-to-date Vehicle Insurance - No lender will offer a title loan on a car without comprehensive insurance coverage for the vehicle's replacement value.
- Proof of Vehicle Registration From The CA DMV - We need proof that your vehicle is registered with the State of California and has recently passed a smog test.
Even if you're trying to track down a few documents, you can still apply online and get preapproved with Highway Title Loans. Need help finding your car's title or registration information? The DMV has multiple locations throughout Los Angeles, Santa Monica, and West Hollywood, where you can get authorized copies that same day!
Loan Amounts & Rates With Car Title Loans in Los Angeles
Loan amounts for a car title loan in Los Angeles depend on your vehicle's equity value, income, and California's current state regulations. As of 2024, loan amounts in California start at $2,500, with most companies offering up to $25,000. Not everyone can borrow at that higher level, and these loan amounts are generally reserved for customers with high-value cars. You need a car worth $25,000 or more to get a car title loan above $10,000.
Are you concerned about the interest rate on an auto equity loan? The good news is that the APR for car title loans is capped at around 36% in Los Angeles. Therefore, you can borrow up to $10,000 and expect an interest rate under 36%. That rate may seem high, but it's far less than what you would get from an offshore lender or a title loan company in neighboring states.
Highway Title Loan Can Refinance Your Existing Title Loan
Did you know many title loans issued in Los Angeles have an APR of 50% or higher? With new interest rate restrictions being phased in over the past few years, you can now reduce the APR on your existing title loan by refinancing! Many people who apply for a refinance can lower their APR by 10% or more, and the vast majority get a quicker payoff time. There's nothing to lose in seeing if you can improve your repayment terms with a title loan refinance in California. Call Highway Title Loans at 877-433-5454 to see what your estimated savings is with a quick refinancing quote.
We can also help people who have recently fallen behind on their title loan payments. Even if you're in danger of having your vehicle repossessed, it doesn't hurt to contact us to see if there are any options to buy out your existing title loan. With a title loan buyout, you can avoid having your car or truck sold at auction and get a fresh start on your title loan with new payoff terms. Apply today in Los Angeles to see how much money you can save!
Why Apply With Highway Title Loans In Los Angeles
Keep Driving Your Car: Sign over the pink slip to your lender and keep driving your car while making the monthly payments!
Reasonable Interest Rates: Highway Title Loans offers competitive APRs on all car title loans in Los Angeles. Licensed lenders offer rates for loans under $10,000 that max out at 36% in California.
Convenient & Quick Application & Underwriting: Don't wait weeks for a lender to process your application! If you have the necessary documents, title loans are processed and funded in 24 hours or less.
Fast Cash With Direct Deposit: Your funds can be sent by direct deposit within one business day. If you don't have a bank account, you can request a check through the mail or have the funds sent by money order!
Minimal Credit Requirements: Do you have a low FICO score or no recent credit history? Highway Title Loans offers car title loans in Los Angeles with minimal credit requirements. Your vehicle is the collateral for a loan, not your credit history! While we may check your recent credit history, that's more to look for bankruptcies or other serious credit issues. Falling behind on recent credit cards or personal loans won't be an issue with a title loan backed by your vehicle's equity. Borrow $2,500 or more with a title loan in CA, and don't worry about your credit score!
Are You Ready To Apply For A Title Loan In Los Angeles
Get pre-qualified online or call Highway Title Loans at 877-433-5454 to apply for a car title loan in Los Angeles. We'll get right to work underwriting the loan details, and there's a decent chance you can borrow $2,5000 or more with cash approval that same day. Apply now!
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