If you need an auto title loan, then using your car, truck, or SUV is a great way to do so. Auto title loans on rebuilt cars are also an option. However, things get a bit more complicated if your vehicle is a salvage vehicle and has a rebuilt title. This scenario is more common than you may think, but most individuals are confused about using their rebuilt car to secure loan financing.
The good news is that it’s possible, however, the process isn’t always straightforward. Lenders will take many factors into account when determining whether to provide you with a title loan on a rebuilt car. If you have a car with a rebuilt title and you have been considering applying for a title loan, you might be wondering how that rebuilt title will influence the loan.
At Max Cash Title Loans, we strive to make this process as simple and straight forward as possible for our customers. If you’re considering applying for a title loan with your rebuild car, contact Max Cash Title Loans today to learn how we can help.2 Fill out a brief inquiry form online or give us a call to speak with a loan specialist today!
Continue reading below to learn more about auto title loans on rebuilt cars.
How Do Auto Title Loan on Rebuilt Cars Work?
Rebuilt title loans are a type of secure loan that provides a loan amount based on the equity of an individual’s vehicle title, as well as their ability to repay the loan. During the loan term, a direct lender becomes the lienholder of the vehicle title as you make monthly payments on the title loan.
When applying for a title loan on a rebuilt car, a bad credit score might not be a determining factor. Because borrowers use their vehicle as collateral for a loan amount, things like credit history and credit reports aren’t a significant concern. While a lender still performs a credit check, it is typically done to ensure the borrower is not currently in bankruptcy.
Even if you have a loan that is currently outstanding with another direct lender, you may still apply for an auto title loan. One of the great benefits of a title loan is that borrowers can use them to refinance an existing loan. This allows you and your current loan lender to settle any unsettled financial obligations if your application receives approval.
What Do I Need for an Auto Title Loan?
To determine your eligibility for a title loan, you will need to provide some personal information. When you are ready to begin your title loan application, be sure to have these documents nearby and readily available.
- Proof of residence
- Be at least 18 years old
- Your Social Security card
- Government-issued photo ID
- Proof of income
- Lien-free vehicle title
- Valid car insurance
How Do I Apply for an Auto Title?
When it comes time to apply for your car title loan, Max Cash Title Loans makes sure that the application process is easy, secure, and done as quickly as possible. We aim to get you quick cash on the same day you apply or as soon as the next business day. 1 2
To complete your online loan application, the pre-approval application is merely a few questions. This will help us understand more about your financial needs and your vehicle.
Shortly after you submit your application for pre-approval, a loan specialist will contact you to discuss the next steps. 2 5 Additionally, you may also need to submit additional information, depending on the title loan lender. Afterward, we will go to work to find you a title loan that matches your needs and your budget. 5 That’s right, we do the hard work for you!
Once we find a title loan lender for you and your application receives approval, you’re almost done!5 Furthermore, lenders may ask you to complete an additional application if it looks like you’re a candidate for auto title loans on rebuilt cars. As soon as your application receives final approval, we will discuss loan terms. Additionally, we will discuss a monthly payment schedule with you to ensure it works for you and your budget. If you have any questions about the loan amount, loan length, or interest rates, we’re available seven days a week for any of your title loan needs, wants, or questions.
Now that your application is complete and it has approval, there’s one step left. Sign your loan agreement and decide how you would like to receive your cash. With Max Cash Title Loans, we can send you your cash via check or direct deposit into your bank account or credit union. 1 2 In most cases, this could be complete with the same business day! 1 2
Start with Max Cash Title Loans Today
Getting a title loan can be overwhelming and confusing for many people. However, with Max Cash Title Loans, the process doesn’t need to be stressful or time-consuming anymore.2 In just three simple steps, you could have the extra money you need in no time! 1 2 Not only that, but we’re here to help you every step of the way!
Our staff of loan specialists is available to you seven days a week via telephone, email, and even text. We can help answer any additional questions you might have about the title loan process with us.
Are you ready to begin your journey to financial freedom? Have you found yourself facing a financial crisis and are in need of additional financing? Start today with Max Cash Title Loans, the number one title loan marketplace in the United States! Fill out a brief online application form or give us a call to start your application over the phone with one of our team members. Take charge of your personal finances with an online title loan today!