If you’ve never applied for a title loan before, they are a type of secured lending that uses the title of your vehicle as collateral for the loan. If you are thinking of a title loan on a 2015 Mercedes-Benz CLS-Class, then you may be wondering if it’s the right option for you
Approval for a title loan involves a few factors. The value of your specific vehicle is a major contributor, but lenders also look at your income, as well as your ability to pay the loan back. The title is held by the lender, which means you still get to keep your 2015 Mercedes-Benz CLS-Class. Once the loan is paid back over monthly payments, the title is returned to the owner. Max Cash Title Loans is here to help you decide which lender is the best fit for you. To get started, simply head to our website and apply for an online title loan.
How Much Can I Get for My 2015 Mercedes-Benz CLS-Class?
At Max Cash Title Loans, we were recently able to help a customer get in contact with a lender that approved them for $10,000 for their 2015 Mercedes-Benz CLS-Class. 5 Kelly Blue Book, one of the nation’s most trusted source of market worth, estimates the value of the base model 2015 Mercedes-Benz CLS-Class at $12,596 – $20,755.
This is an ideal borrowing situation for the customer and the lender alike. Borrowing less than the vehicle’s total value makes it easier for the lenders to approve your loan, and with a 2015 Mercedes-Benz CLS-Class, there is plenty of equity to borrow from. If you are curious about what payments may look like on the amount you are looking to borrow, please use our loan payment calculator below, or call us at 855-561-5626.
Breakdown of the Title Loan Process
Here is what the title loan process will look like when working with Max Cash Title Loans, and the lenders that we work with:
- Apply with us online or over the phone.
- Discuss various options with one of our loan agents based on your location and needs.
- Complete your application by providing a couple of documents either by bringing them into a store or submitting them to us online.
- Once approved, receive the funds via check, MoneyGram, or direct deposit (depending on which lending option you chose) 1 2
Potential Benefits to Look Forward to:
- Enjoy low payments! 4
- Keep and drive your car!
- Up to 3-5 years to pay off the loan, and potentially pay it off early with no penalty if you only need a quick loan.3 4
- We can help you refinance your current loan and get you more money!1 2 4
When you get ready to begin you may need the following:
Here is what you should have when applying for a title loan:
- Government-issued photo ID
- Free and Clear Title
- Proof of Income
- Proof of Residence
- Three references (no family relation to you)
- Insurance (some states require this, but there are options without it)
- Social Security Card (or a Document on which your name and SSN both are listed)
Apply for a Title Loan on Your 2015 Mercedes-Benz CLS-Class
Ready to get started with a title loan? Simply head online and fill out an application for a title loan. Or give a friendly loan agent a call seven days a week at 855-561-5626.