Get A Same Day Car Title Loan In Los Angeles
Are you dealing with a cash crunch and looking for a short term loan of $2,500 or more in Los Angeles? Highway Title Loans can help you navigate the application process from start to finish. Using your vehicle as collateral for an instant title loan is easier than ever when you apply with us, and you’ll get to keep driving the car while making payments on time.
Applying and getting approved for a title loan is fast, and you have many choices on how to apply. Get started online with Highway Title Loans, call us at 877-433-5454, or you always have the option to get processed and underwritten with our company and then matched with a neighborhood lender 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!
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. Before we can get you a quote with different payment options, we’ll need the following documents:
- Clean And Clear Vehicle Title – The car has to be titled in your name, and the vehicle can’t be shared or cosigned by another person.
- Proof Residency In California – Only residents of California can qualify for a title loan in Los Angeles. Send in a utility statement or lease agreement to verify residency.
- Proof Of Income – We need proof that you can afford the loan you take out. Verify your income with employment records or bank statements.
- Up-to-date Vehicle Insurance – No lender will offer a title loan on a car without insurance. You need comprehensive insurance coverage for the total replacement value of the vehicle.
- Proof Of Vehicle Registration From The CA DMV – We need proof that your vehicle is registered with the State of California.
The Required documents listed should be easy to get within a few hours, and even if you’re still trying to track down a few documents, you can still apply and get pre-approved with Highway Title Loans. Need help finding your car’s title or registration information? That’s not a problem either. 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 an LA title loan depend on the total equity value of your vehicle, your income, and the state regulations in CA. As of 2023, loan amounts in California start at $2,500, with most companies offering up to $10,000. Not everyone can borrow at that higher level and these loan amounts are generally reserved for customers with high value or classic vehicles. You must own a car worth over $20,000 to qualify for a title loan above $10,000.
Are you also wondering about the interest rate? The good news is that the APR for title loans is capped at around 36% in Los Angeles. Therefore, you can borrow up to $10,000 with an APR of about 36%. That rate may seem high, but it’s far from what you would get from a title loan company in neighboring states. Even with that interest rate, you should limit the loan amount to what you need for emergency expenses and always see if your lender is open to refinancing later.
The Benefits Of Applying For Los Angeles Title Loans
Keep Driving Your Car: Your lender will need the car’s pink slip as collateral, but that doesn’t mean you can’t keep the vehicle. Keep up with the monthly payments and drive the car as you need!
Reasonable Interest Rates: Highway Title Loans offers access to a competitive APR with all title loan offers in Los Angeles. All licensed lenders offer rates that max out at 36% in California.
Convenient & Quick Application & Underwriting: Don’t wait weeks for a lender to process your loan application! An online title loan can be processed and funded in 24 hours or less if you have the necessary documents. A clean and clear vehicle titled in your name is the primary requirement for a title loan; if you have that, you should get approved quickly!
Fast Cash With Direct Deposit: There’s no need to drive around to find a lender in LA that offers same day cash. Instead, your funds can be sent by direct deposit to your bank’s checking account within one business day. What about if you don’t have a bank account? That’s not a problem either! You can request a check through the mail or have the funds sent through a money order.
Minimal Credit Requirements: Do you have a poor FICO score or no recent credit history? Highway Title Loans offers title loans in Los Angeles without a lengthy credit check. Your vehicle is the collateral for a loan, not your credit history! Borrow $2,500 or more with an online title loan in CA, and don’t worry about your credit score!
Ready To Apply For An LA Title Loan?
Don’t wait to see how much you can get for your vehicle’s equity! Get pre-qualified online or call Highway Title Loans at 877-433-5454 to start an application for a title loan in Los Angeles. After that, we’ll get right to work underwriting the loan details, and there’s a decent chance you can get funds that same day. Apply now!
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