Are You Looking For A Title Loan In Los Angeles?

What Type Of Vehicle Qualifies For A Title Loan In LA

We accept all paid-off vehicles as collateral for a title loan. The car must be in your name and operational.

Here are some common types of vehicles that may qualify for a title loan:

1. Cars and Trucks: All vehicles can qualify, including sedans, SUV's. Anything that can be titled through the DMV can be used as collateral.

2. Salvage Title Vehicles: Was your vehicle damaged or destroyed, and was the title written off by an insurance company? Sometimes, you can still use these salvaged or rebuilt titles as collateral for a loan!

3. Motorcycles: Motorcycles and scooters can be accepted as collateral if they are worth enough to justify a $2,500 loan. This amount is typically the floor for title loans in CA, meaning your motorcycle must be worth at least $5,000.

4. Recreational Vehicles (RVs) and Boats: RVs and boats are more difficult to get approved for, but they're still possible in Los Angeles. Similar to motorcycles, you need a high-value RV and boat valued at $5,000 or more to qualify.

What To Know About Title Loans In Los Angeles

Interest Rates: Title loans often come with high-interest rates and fees. The APR for a title loan in Los Angeles will generally be around 40%. Make sure you fully understand the terms of the loan, including the annual percentage rate (APR) and any additional fees that may apply. The high costs associated with title loans make it crucial to explore other financing options first.

Repayment Terms: The repayment terms for title loans will vary based on the loan amount and your repayment ability. Some companies offer title loans in LA that must be paid back in 6 months, but most will go with a 12 to 36 month repayment term.

Vehicle Inspection: Express Car Title Loans needs to inspect your vehicle to ensure it's worth the resale amount. We can do this at any of our Southern California locations or send an agent to meet with you at your home or office.

Alternatives to Title Loans: While the interest rates on title loans in Los Angeles aren't as high as those in other states, they can still be difficult to repay, and some unsecured loans have lower interest rates. Consider a bank loan if you have decent credit and don't need to borrow more than a few hundred dollars.

Risk of Vehicle Repossession: A vehicle repossession is a serious consequence of defaulting on a title loan. Anyone who puts their vehicle up as collateral should know the risks involved and communicate with their lender if they fall behind.

We Won't Check Your FICO Score: While your credit score is important for most loans, it's far down the list when underwriting a title loan. Express Car Title Loans may run a credit check to look for serious credit issues, but you can still be approved for a loan if there's equity in your car or truck.

Your Lender's Reputation Matters: Express Car Title Loans has offered access to vehicle equity loans in California for years. All loans offered in Los Angeles are made pursuant to a Finance Lenders License!

Apply For An Auto Title Loan With Express Car Title Loans

There's no need to wait any longer if you have a vehicle titled in your name, the required documents, and know how much you want to borrow. Anyone in Los Angeles can apply for Express Car Title Loans and get same-day approval and funding for a title loan. Call us at 888-864-7180 or apply online to get your cash today!