Need A Car Title Loan In Farmington?
Are you looking for quick cash in Farmington, NM? Express Car Title Loans now offers access to title loans with loan amounts up to $25,000. We have a rapid approval process with fast 24 hour funding!
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- No GPS Tracking Required
- Bad Credit Is OK
- Amounts Up To $25,000 In NM
- Instant Approval Online
Interest Rates For vehicle title loans in Farmington NM,
All title loans issued in Farmington are subject to state regulations in New Mexico. As of 2024, the APR for title loans of $2,500 to $10,000 is capped at 36%. Loan amounts over $10,000 have no interest rate cap and no set repayment term. Your monthly payment is determined by the lender and generally based on your loan amount and desired repayment term.
Requirements For A Car Title Loan In Farmington, NM
Vehicle Title Under Your Name: You need a lien free vehicle that's fully paid off. That means you need a physical copy of the pink slip, which will be signed over to a lender.
Registration and Insurance Coverage: We need proof of registration from the MVD with up-to-date tags on the vehicle. We also require comprehensive vehicle insurance coverage.
Proof of Income: We need to ensure you can afford the monthly payments for a title loan. This can be done by verifying your income with employment stubs, bank records, or disability documents.
Proof of ID & Residency: We need evidence that you're a New Mexico resident. You don't need to live in Farmington, but we need proof that you're a state resident. You can verify residency with a utility bill, mortgage document or rental agreement.
Vehicle Inspection: If you're borrowing more than $3,000, you must meet with a lender in person to have the vehicle inspected. You'll also need to verify the VIN and current mileage of the vehicle.
The Benefits Of A Title Loan In Farmington
Getting approved for a title loan is easy: Don't waste time dealing with banks who ask for dozens of documents to underwrite your loan. At Express Car Title Loans we primarily need your car's title. With that, we can provide you with lending decision in just a few hours after you apply with us!
Fast Money: We can deposit the loan amount directly into your checking account in less than 24 hours, and we will work to get you the repayment plan that best fits your needs.
The best interest rates: Express Car Title Loans offers access to the best interest rates for a New Mexico Title Loan! See our disclosure or call us directly at 888-864-7180 to confirm it for yourself!
Keep driving your car. We do not ask for the keys once you get your title loan. Your car's equity is all we need to qualify you for a Farmington title loan, not the vehicle itself!
I Have Bad Credit - Can I Get Approved For A Title Loan?
Express Car Title Loans offers car title loans in NM. Check out our other locations throughout the state!