Car Title Loans In Atlanta GA
Highway Title Loans now offers access to cash with a same day title loan in Atlanta, Georgia. These secured loans allow borrowers to get money without worrying about bad credit, and most paid off vehicles will qualify for a loan amount of $1,000 or more!
Your vehicle equity is used as collateral for the funding amount, and applicants and customers with a lien-free car can qualify. With auto equity loans in Atlanta, you can borrow up to $25,000, and you don't need to show a good credit score when you apply. Call Highway Title Loans at 877-433-5454 to get your estimated loan amount, and we'll provide a quote based on the value of your vehicle!
How Much Cash Can I Borrow With An Atlanta Title Loan & What's The Interest Rate
Loan amounts with a title loan in Atlanta depend on a few factors. First, you need a car titled in your name with a resale value of at least $2,000. Second, you can generally borrow 35% to 60% of the vehicle's value, meaning a car worth $5,000 would lead to a loan of around $2,5000. High mileage vehicles may be challenging to get approved, but they may be an option if they're in good condition and still retain a resale value of $2,000 or more. As of 2024, title loan funding amounts in Atlanta average $2,000, with loan amounts maxing out at $25,000 for high-value cars and SUVs.
The APR depends on your loan amount and borrower profile, but you can expect an interest rate of 40% or higher with your first loan. In some scenarios, your interest rate will be over 100%! Yes, these rates are high, but they may be lower than other short-term loans, like payday loans, that don't have collateral backing up the loan. Repeat customers can expect a lower APR with proof of on-time payments.
Repayment Terms For A Title Loan In Atlanta
Repaying your title loan is straightforward if you make the monthly payment on time. Atlanta's best title loan companies will work with you to create a repayment schedule that fits your budget with an average payoff term of 8 to 36 months. In some scenarios, you can even stretch the repayment term out to 60 months to get a lower monthly payment. However, this is not recommended as you will pay far more in interest charges over the life of the loan.
Pay the full amount due each month and try to repay the loan faster to avoid excessive interest charges. Some companies will allow you to pay off the full balance early with no pre-payment penalties. You can always contact your lender to see if they're open to renegotiating a lower monthly payment or interest rate.
Are you having trouble making payments on your current title loan? One option for borrowers in Atlanta is to refinance your existing loan with Highway Title Loans and get a quicker repayment term with less risk of falling behind on your payments. A title loan refinance can get you out of debt in half the time you currently face. Some customers can avoid a situation where their vehicle is repossessed because of missed payments or outright default. Call Highway Title Loans at 877-433-5454 to save a substantial amount by refinancing your existing title loan!
What If I Can't Pay Back My Lender
A licensed lender can repossess your vehicle if you stop making payments and default on the loan. Atlanta has restrictions for lenders regarding vehicle repossessions, but they have every right to sell the vehicle at auction if you fall behind on payments. Having your car repossessed by a title loan company is not ideal, and you should contact your lender at the first sign of default. The last thing you want is to lose your car and have that default go on your credit report!
Apply Online Or With A Local Auto Title Lender In Atlanta, Georgia
Applying online with Highway Title Loans is convenient; you can get approved in minutes without leaving home. You can also shop around and compare rates from online lenders to see if other companies offer lower interest rates or better repayment terms.
Would you instead work with a neighborhood title loan company in Georgia? Georgia is one of the best states to get a title loan in as there are minimal lending regulations and you can compare quotes from dozens of direct lenders. Choose a local company that offers fast approval with funding from a money order or cash sent straight to your checking account. Consider lenders in Buckhead and Midtown that process applications that same day and offer cash in hand within an hour or less!
Apply With Highway Title Loans In Atlanta, GA
Highway Title Loans assists customers with equity in their vehicle and we can get you approved for a loan amount of $1,000 to $25,000 in Atlanta. Apply online or contact us at 877-433-5454 to see what you qualify for!
