If you are looking into a title loan on a 2005 Honda Element, you may be wondering if your car will qualify. The great news is that title loan eligibility is quite flexible. And so, in most cases if your vehicle is in is safe, working condition then it will qualify! Here is more information on getting a title loan on a 2005 Honda element.
What Would My 2005 Honda Element Qualify for on a Car Title Loan?
There is a lot that determines how much a Honda Element will qualify for. In particular, knowing the mileage and the sub-model of your Element will narrow down to an approximate amount that you can get.
At Max Cash Title Loans, our recent customer was just approved for $1,267.00 with a title loan on their Honda Element. 5
This Honda Element has a trade-in value reported by Kelly Blue Book to be between $1,322 and $2,201. It also has an overall customer rating of 4.8 on the EX model, making it a crowd favorite!
Want to find out how much your 2005 Honda Element qualifies for with a pink slip loan? All you need to do is fill out our fast and simple application online or give us a call at 855-561-5626!
One thing to keep in mind is that the interest rates will depend on a few factors, including where you’re located and which lending option you go with. With that being said, you can use our title loan calculator to get a rough estimate of your payments:
Is a Title Loan on a 2005 Honda Element the Right Option for Me?
A title loan allows you to put the equity of your vehicle to use without giving up your wheels. They go by a lot of names: auto equity loans, pink slope loans, or secured auto loans but they all mean the same thing.
Unlike a personal (unsecured) loan a title loan is not primarily based on credit, as the assets are secured with the title of your vehicle.
With other lending options, a low credit score could mean getting denied for a loan. With a title loan, this is usually not an issue. This makes getting a title loan a much smoother and easier option than some traditional lending options.
Another time a title loan might make sense would be if you’re in a situation where you are unable to sell your vehicle. With a title loan you get to keep your car and use it for the entire lifespan of the loan.
If you need money for auto repairs or need coverage for hectic medical expenses, a title loan is a great option. As soon as it’s paid off you get your title back.
Why Turn to Max Cash Title Loans for a Car Title Loan?
In addition to getting you fast and easy funding, a title loan found through Max Cash Title Loans can have a number of other benefits over other lending options 1:
- Receive your funds through a variety of methods (depending on which lending option you go with). 1 2
- If you are currently making payments on your vehicle, you may be able to refinance your loan for more money, a lower interest rate, or occasionally both! 1 2
- Get the time you need to pay it back with up to a 3-year payment plan with some lending options! 4
- On-time payments could potentially increase your credit score depending on which lending option you go with.
- Only need the funds for a short period? Ask us about paying off your loan early with no penalty! 3
Getting a Title Loan on your 2005 Element:
- Begin by starting your application either online or over the phone
- Then, go over the options with a loan agent to find the best one suited to your needs
- After that, complete your application by submitting a few documents (see the list below). This can be done in-store, online, or via text depending on which option you chose.
- Finally, once approved, you’ll get your money often as quickly as the same day you applied! 1 2
When You’re Ready to Apply You MAY Need the Following:
- Government-issued photo ID
- Free and Clear Title
- Three personal references (not related to you)
- Insurance (some states require this but not all of them)
- Social Security Card (or a Document on which your name and SSN both are listed)
Note – some of these may be optional or can be waived depending on your circumstances! If you’re missing something listed above but still need a loan, give us a call and we’ll see if we can help.
Start on a Title Loan on a 2005 Honda Element Today!
If you’re in need of extra funds and fast, Max Cash Title Loans is here to assist you! Do you have other questions about us or our process? Our loan agents are happy to talk with you 7 days a week. Don’t wait any longer! Give us a call today: 855-561-5626 and see how a title loan might help lift your financial burden!