Title Loans for cars older than 10 years are available near you. When you need cash quickly a car title loan is a popular option to obtain finance quickly and easily. Often people are seeking a title loan for cars older than 10 years. The difficulty with older vehicles is that they may be worth less than a newer vehicle. Typically title loan lenders lend between 50-100% of the blue book value of the vehicle. The older the car typically the lower the vehicle is worth and the riskier the loan is.
Often people ask “How can I get an auto title loan for a car older than 10 years”
To apply for a title loan for an older vehicle you will apply for a loan in very much the same way as someone appies for a title loan on a newer vehicle. The factors that influence whether you will be approved for a title loan on an older vehicle come down to.
- Your credit history – not always does credit history play a part it depends very much on the lender however some lenders require a certain minimum level of income. Essentially the lender wants to see that you have the income to be able to repay a title loan.
- References – often lenders want to see at least two references who can vouch for you and say that you are a person of good character who is likely to make repayments on a regular basis on your loans.
- You income – having a higher income increases your chances of being approved for a title loan, particularly when you have a vehicle that is older than 10 years.
- Vehicle info – the age of the vehicle, how many miles it has travelled and the make and model influence the availability of title loans on older vehicles. For instance a 15 year old Hyundai verses a 15 year old Mercedes will have different characteristics, some of this is to do with certain maintanice issues that crop up with different types of vehicles also different vehicles have different demand on the used car market depending on their age.
When applying for a car title loan for a car older than 10 years its important to deal with the right lender or broker who is able to help you in your specialized circumstances. There are many ways to find lenders, there are many brick and mortar stores in areas such as Los Angeles, Glendale, long beach just to name a few. Or you can apply with a lender online. The advantage of applying online is that often there are a number of places that can be assessed easiliy over the phone – feel free to call lenders to ask whatever questions you like. That way you will get a feel for the professionalism of the company that you are dealing with and also when you share some information about your personal circumstances and the vehicle you are looking to borrow against or use as collateral and the amount you are trying to get approved for, be it $5000 or $10000 or more, certain lenders are better positioned to be able to help you.
What do I need to apply for a title loan on an older car
You will need to provide the following documents – Government ID, proof of income and photos of the vehicle and the mileage. We can arrange your loan entirely online throughout California which can be a convenient option for you to save you having to drive to a office and complete your loan that way. We finance all types of vehicles as well as boats and trucks and motorcycles. Discover why we have so many satisfied customers. We can help tailor a loan solution that suits you and your particular finance needs. Plus we are completely up front about the terms and conditions so you know exactly what you are getting into before signing up on a loan. We can also arrange for electronic signatures so you can apply for a loan that way without having to come into our office.
True Financial is able to offer car title loans on vehicles older than 10 years. All you need to do is call up now or fill in the contact form and you will be connected with a representative 24 hours a day 7 days a week. Reach out to us and see how we can serve you to help you obtain the cash you need in a timely manner.