Need A Car Title Loan In Sacramento?

Requirement For A Car Title Loan In Sacramento

Auto equity loans are easy to qualify for if you own a vehicle that’s entirely paid off, and require far less documentation than personal loans. The exact requirements vary depending on your loan amount and payoff term, but here’s what is typically required in California:

Clear Title: The vehicle should be titled in your name. It must be paid off with no other cosigners or lienholders. You must sign over the pink slip before picking up the loan proceeds.

Vehicle With Value: Besides having the pink slip from your car, the vehicle must be worth $5,000 or more. Loan amounts in Sacramento start at $2,500, and because of that, we need to use your vehicle’s equity as collateral. You should be able to borrow 40% to 55% of the resale amount.

Proof of Income: We need proof of income from your employer or bank showing you can afford the payments. Provide documentation in the form of pay stubs or bank statements.

Identification: We need a driver’s license or state-issued ID. While the ID can be from any state, we need to verify you’re a resident of California, as these loans are only issued to in-state residents. Get a replacement license or ID card during business hours at the Sacramento DMV location on Broadway Avenue.

Insurance: We need comprehensive insurance coverage on the vehicle. We need to know there’s coverage if the car is ever damaged or stolen while you’re paying off the loan, and we may also require an umbrella insurance policy for high value cars and trucks.

Vehicle Inspection: In most cases, we’ll need to inspect the vehicle. We can conduct a quick 30-minute inspection at multiple locations in Sacramento or send an agent to your home.

Banking Information: We need proof of a checking account with direct deposit. This is required for loan disbursement and repayment purposes.

Sacramento residents who apply with us can get their funds in one business day. Compare the requirements for a vehicle secured loan to what you would need for a personal loan, and you’ll realize how easy it is to borrow $2,500 or more in CA! The primary requirements are your paid off vehicle and income verification. After that, you should have little trouble getting approved.

Apply With Express Car Title Loans In Sacramento

Are you ready to see how much cash you can get with your car or truck? Apply online with Express Car Title Loans or call us at 888-864-7180. Would you prefer to meet with a direct neighborhood lender in Sacramento? Even if you can’t qualify with us, we may be able to connect you with a local company!

Express funds loans directly in California, and if we can’t fund your loan we’ll match you with a local lender in the Sacramento Valley who will compete for your business. There’s no reason to wait any longer to see how much equity you can cash out from your vehicle! Apply with us, and we’ll do our best to get you the best rates and payoff terms