West Palm Beach Title Loans – How They Work
There’s no easier way to get cash on short notice than with a title loan, and now you can borrow upwards of $20,000 with just your vehicle as collateral. We work with dozens of licensed lenders offering West Palm Beach title loans, and most of these companies have retail locations in Florida where you can meet with them in person. You can qualify with any 2010 or newer car or truck and cash out 35% or more of your vehicle’s value. Florida Title Loans will start your underwriting and approval authorization and then connect you with a local company that can get the cash that same day!
A guaranteed approval title loan in West Palm Beach works like any other collateral loan that doesn’t require good credit. You’ll use your car as security for the loan, and if you default, the lender can repossess your car. Your monthly income and the car’s approximate resale value determine your loan amount. These lending amounts will be in the thousands and are more than what’s available from unsecured loans for people with decent credit. Another benefit of a vehicle equity loan is that anyone in FL can qualify with their car. Most borrowers can keep their car while making payments, as you only need to sign the pink slip as collateral!
Terms and Rates With Local Title Loan Lenders
The best terms for instant title loans in West Palm Beach are typically available to those with good credit. While you don’t need good credit to get a car title loan, your good credit score will help you get better repayment terms with a lower interest rate than what’s typical with a bad credit title loan. Even with bad credit, getting upwards of $10,000 with your vehicle’s equity is still possible because the determining factor when underwriting a title loan is the value of your car.
Are you worried you’ll get stuck with an interest rate you can’t afford? Title loans in West Palm Beach have lower rates than payday loans and some companies will reduce your APR after you’ve made your first few payments on time.
These loans have high interest rates, which is expected with bad credit loans. Expect an APR of around 65% with a title loan and a 12 to 36-month payment term. Do you want a low interest rate title loan, or would it be better to pay off your loan in 12 months versus a longer payoff term? At Florida Title Loans, we can connect you with companies who will refinance your existing loan with a much-improved interest rate. If you’ve never fallen behind on your payments, you can say goodbye to high interest rates by refinancing with a quick call to 888-986-8505.
Title Loan Funding Amounts In West Palm Beach?
The cash you can get from a car title loan in West Palm Beach will depend on your car’s value, income level, and current underwriting conditions in West Palm Beach. The average funding amount in FL is around $2,500; you can get far more than that with a low mileage vehicle or a classic car that still carries value. Some financing companies in Florida offer $10,000 or more for high-value newer cars or luxury vehicles.
Are you looking for a title loan of $1,000 or less? These loan amounts are possible in Florida, but they’re not advisable as you still need to sign over your car’s title, even for a low funding amount. Very few companies offer loans under $1,000 because a lot of money goes into underwriting a title loan. However, you can still contact us at 888-986-8505, and we’ll do our best to match you with a lender in West Palm Beach that funds low-dollar title loans.
Loan Refinances With Florida Title Loans
If you’re behind on your current loan agreement, you can refi an existing title loan with Florida Title Loans and get a much lower APR. Besides being able to pay off your loan quicker, the best outcome with a title loan refinance is that you can avoid a situation where a lender repossesses your vehicle. Title loan repossessions are less common than ever as most title loan companies would rather keep you in a situation where you continue making the monthly payments. That’s why it’s in your best interest to apply online with us for a refinance or call 888-986-8505 to see if you qualify for a loan buyout.
We can offer new rates and monthly payments for a refi for people throughout Florida. Those seeking new title lending terms in West Palm Beach can apply in person or online.
Pink Slip Title Lending In West Palm Beach, Florida
We offer access to same day funding for your loan, which means you can get started online and get your cash a few hours later with a local lender in West Palm Beach. Other companies offer instant direct deposit and ACH payments, where the funds are sent to your bank account in 24 hours or less. So why not get started on your online application with Florida Title Loans? We’ll contact you a few minutes after you submit your info to begin underwriting your loan. Call 1-888-986-8505 if you prefer to speak with someone to complete your application