Max Cash Title Loans is here to help you get cash for your vehicle fast! 1 2 Let our expert lenders assist you for free. Start the process now by calling us at 855-561-5626 or by filling out this short online title loan application form. Want to know more about how Max Cash Title Loans may be able to help you in the greater Wauwatosa area? Continue reading below!
What is an Auto Title Loan?
Auto title loans are secured short-term loans that place a lien on a vehicle’s title. Title loan lenders base the loan amount on the value of the vehicle as well as the borrower’s ability to repay the loan. Lenders will look at your vehicle’s make, model, mileage, year, and the general condition of your vehicle. Like payday loans, car title loans can be an excellent way to secure fast cash.
What Documentation Do I Need for an Auto Title Loan in Wauwatosa, Wisconsin?
When applying for a title loan, you’ll need to have a few documents/ a few pieces of information:
- Car Insurance Information
- Government Issued Photo ID
- Proof of Residence
- Proof of Income
- Pictures of the Vehicle
- References (professional and/or personal)
- Social Security Card (or a document that displays both your name and Social Security Number)
- Free and Clear Car Title (in the majority of cases, lenders may still be willing to work with you)
What is the Process to Get an Auto Title Loan in Wauwatosa, Wisconsin?
To begin the process with Max Cash Title Loans, fill in and submit an application, even if you have a low credit score or no credit at all!
After this, you will be asked to provide a few simple documents. Once you are approved you could get the funds the same day! With Max Cash Title Loans, you will see low payments and competitive interest rates. 2 4
The process is not only easy, but also fast! Pre-approval takes only minutes, and paperwork only takes about 15 minutes. You will have cash in your hand within a few days. 1 2
What Happens When I’m Approved for an Auto Title Loan in Wauwatosa, Wisconsin?
Upon approval, your lender will request that you sign a loan agreement. Your lender will also want to verify the condition of your vehicle, as well as its odometer. The underwriter will contact you and give you a quote of what they can loan you.
You do not have to accept the maximum amount, it is recommended you take what you are confident you can pay back and exactly how much you need. From there, monthly payments are based upon how long you request the duration of the loan to be, the principal, and the amount of the loan.
What Factors are Considered for an Auto Title Loan in Wauwatosa, Wisconsin?
When figuring out eligibility, and loan amount, your lender will look at the value of your vehicle, your income, and your ability to repay the loan.
To determine the value of your vehicle, lenders will look at the car’s model, make, year, mileage, and any trim package and extras you may have added since purchasing the vehicle. Knowing your vehicle’s VIN number can also make the process easier and help your lender give you a more accurate value. You can find the VIN on the inside of the driver’s door, on the driver’s side window, the dashboard or you can look at your vehicle title or insurance card.
Unlike traditional loans such as unsecured personal loans, credit history does not play a large role in approval. Although some lenders do a credit check as part of the loan process, bad credit will not usually impact loan approval. 4 5
How Do Lenders Value Vehicles for Title Loans in Wauwatosa?
Aside from what was previously mentioned, each lender will use a different program to help determine the true liquidated value of your vehicle. These programs could be Kelly Blue Book, Black Book, or a software of their own. What is not taken into consideration is any aftermarket products that may lessen the value, sentimental value, and your personal feeling that the vehicle is a “classic” when it is not determined to be so.
What Happens to My Title?
During repayment, the lender holds the title of your vehicle. Upon making your final payment, the lender removes the lien from the title. You will receive a release that you can attach to your title or you can send it to your Secretary of State to obtain a current title without the lender listed on it.
How Do I Make Payments?
Many larger companies have portals, much like a bank, that will provide you with your balance, and keep track of payments. Some companies will require you to pay in person, sometimes to see if you are still in possession of your vehicle.
Contact Max Cash Title Loans in Wauwatosa, Wisconsin Today!
Allow our experts at Max Cash Title Loans to assist you with obtaining a loan with manageable payments and low, competitive interest rates! 2 3 4 5 We want to help you get cash in your pocket fast! 1 2 Give us a call at 855-561-5626 or fill out an online application today!
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location