Title Loans

Maintain the Value of Your Vehicle to Maximize a Title Loan

A vehicle is an asset. When buying a car, truck, or motorcycle, it’s important to consider the potential resale value should you ever want or need to sell it. And while you own the vehicle, it’s important to maintain the value of it.

Maintaining the value of a car is especially helpful for the purpose of acquiring a car title loan. A vehicle with more value can warrant a bigger loan and there are several ways in which you can protect the value of your car and maximize your borrowing power.

Regular service

Scheduling regular maintenance such as oil changes, oil filter replacements, and tire rotations can go a long way in preserving the long-term health of your vehicle. It’s recommended for most cars to undergo at least an oil change every 3,000 to 5,000 miles and many service stations will also perform a courtesy check of things like brake pads, tire wear, and fluid levels. Preventive maintenance is a short-term investment with potential long-term gains further down the road.  

Cleaning

A nice clean car will appeal more to a lender and thus can earn you a bigger loan. But keeping your vehicle clean is more than just cosmetic. Dirt, dust, salt and anything else picked up on the road can lead to rust and decay that can affect the performance of the car, lead to expensive part replacements, and affect the overall value of the vehicle.

Storage

The weather can wreak havoc on a vehicle. Rain, snow, hail and even just the sun beating down on the paint job can all cause a car’s value to take a dip. Store your car in a garage or car port when at all possible.   

Driving habits

Driving your [...]

By |November 17th, 2017|Title Loans|Comments Off on Maintain the Value of Your Vehicle to Maximize a Title Loan|

How to Quickly Pay Off Your Car Title Loan

If an unexpected expense is keeping you from making regular monthly payments, you may be able to get some relief from a car title loan. Title loans provide an emergency influx of cash to help keep you afloat in difficult times.

Since it is a loan, you’ll need to pay the money back eventually. Here are some tips that make paying back your title loan a little easier.
How to Pay off a Car Title Loan
What is a Title Loan?
A title loan is a small emergency loan you can apply to by allowing the lender put a lien on your car’s title as collateral. The amount of money you can take out is dependant on the value of the vehicle and your ability to pay back the loan.  Once the loan is paid off the lien is removed, returning full ownership of the title to the borrower.

Title loans can get you a short-term influx of cash, but like any other loan, it comes with interest payments. By staying on top of your loan payments, you can pay off your title loan without incurring any additional interest.
Find a Payment Plan That Works for You
During the loan application process, you’ll have a chance to work out a payment plan. Consider how much you’ll be able to afford each month when you work out your monthly payments. If you can afford to make larger installments, you’ll pay off the loan sooner with less interest.

You can also opt for smaller monthly payments, keeping in mind that you’ll pay more in interest this way.
Build Your Budget Around Paying Off the Loan
When you’re making your monthly budget, make sure that your loan [...]

By |October 16th, 2017|Title Loans|Comments Off on How to Quickly Pay Off Your Car Title Loan|