Online Car Title Loans In New Mexico

Requirements For An Auto Title Loan In New Mexico

Getting cash for the equity from your car, truck, or motorcycle is easier than ever, and we only need a few things to process your application. You need a paid off vehicle registered and titled in your name. We don’t need to hold the vehicle itself as collateral, and instead, we’ll use your car’s pink slip as security for the amount borrowed.  Loan amounts are based on the value of your vehicle and most cars with less than 115,000 will qualify for a New Mexico title loan. Other requirements include proof of income from your employer. You can also verify income with bank statements, documents from Social Security showing consistent monthly income, or anything else to prove you can repay the loan. You may also need to submit proof of vehicle registration from the New Mexico MVD and evidence that your vehicle is fully insured if it’s ever damaged, stolen, or in an accident. 

Express Car Title Loans has been offering title loans for years, and we can still connect consumers in New Mexico looking for fast cash! While we don’t fund loans directly in New Mexico, we’re confident we can get you a low interest rate and effective repayment term by tapping into our network of local lenders. Here are a few other reasons why you should consider Express if you ever need to use your car as equity for a loan.

1. Quick access to cash: You can apply with us online or over the phone quickly, and if approved, you can get your funds that same day. These secured loans are ideal for someone who can’t wait days or weeks for a traditional lender to underwrite their loan. With Express, processing your application and inspecting the vehicle takes less than a day. After that, you may need to bring the car in for an inspection, but even that takes 30 minutes or less. Get your funds in person from a local lender in Albuquerque, or have the cash directly to your bank account!

2. We don’t check your credit score! While most personal loan lenders will run an extensive credit check, we’re more concerned with the equity in your vehicle. Your credit will be essential to determine your personal information and to check for serious credit issues such as bankruptcy. But ultimately, your collateral is used to get approved for a title loan in New Mexico. Don’t worry about a low FICO score; instead, tap into your vehicle’s value with an online title loan.

3. Continued use of your car. While you use your vehicle’s title as security for the loan, you can still drive your car or truck as you please with no issues. These guaranteed approval title loans are offered with the understanding that your lender is added as a lienholder to the car’s title. That means they don’t need to hold the car as collateral and deal with the hassles of storage and maintaining your vehicle. Pay off the loan on time or make extra payments to repay the entire loan balance, and you’ll get the pink slip back and be done with the loan obligation!

Apply With Express Car Title Loans In New Mexico

Are you sure that a title loan is your best way to borrow cash, and are you ready to get started on an application? At Express Car Title Loans, we can get you a quick approval quote in less than 15 minutes and we only need your vehicle’s make, model, and year to tell you your monthly payment and repayment terms. Call us at 888-864-7180 to borrow $2,500 or more in New Mexico. There’s a good chance you’ll get approved if you have a paid off vehicle!