The amount of money that we Lend Against Your Car, nearly depends upon the value of your car. You can get around 50% to 60% of your vehicle’s wholesale value. Our loans go Upto $25,000
Several things determine the loan limit. They are;
The model and make of your vehicle
Your car mileage or odometer reading
Whether your car title is clean or salvage (we do not do loans on rebuilt status vehicles)
Any lien on the car (If yes how much balance is owing on the vehicle)
They will hold the title of your car until you are able to fully pay the loan plus the interest.
Every lending company has its Title Loan calculator, which they use to determine the repayment plan you will use. This plan is usually based on principal, loan duration, and interest rate.