How To Get Cash Using Vehicle Title
Financial emergencies can happen to anyone. Ideally, you have savings to cover unexpected expenses, but sometimes it’s just not enough. You need to raise money in just a few days, and you don’t have any friends or family who can help you out.
Don’t panic. If you own a vehicle, you can use it to raise emergency money. You don’t need to sell it or even surrender it. You can keep using your car while getting cash using the vehicle title.
Title Pawn: Keep Your Car, Get Your Cash
A title pawn is a personal loan where you use your vehicle title as collateral. Don’t be misled by the name—unlike pawnshops where you leave your jewelry or other valuables until you pay off the loan, you don’t actually have to give up your car.
Instead, we place a lien on the vehicle title. A lien is simply a legal claim on the property based on the obligation to pay off the loan. You’ve gone through this before: when you took out a car loan, the bank placed a lien on the title until you made your last payment.
You were still able to use your car while it was being financed, right? It didn’t affect your routine or freedom in any way. In the same way, when you take a title pawn and get cash using a vehicle title, the lien is just part of the understanding that you’ll pay off the loan on time.
Benefits Of A Title Pawn
If you need money right away, it may be easier to pawn a vehicle than to apply for a bank loan. Here are some reasons why you should consider getting cash using vehicle titles.
- You can apply even if you have bad credit. Banks will conduct thorough credit checks before approving a loan. If you’re applying for a large loan amount, the requirements become even stricter. They’ll look at your income, and employment history, or ask for a higher credit score.
- You don’t have to go through a lot of paperwork. Banks will ask you to fill out several forms and submit a lot of documents. All this takes time, and any error in the form or missing document will cause delays. You may even need to visit the bank several times, which wastes your time and may even require you to take time off work.
- You can get the money right away. Bank loans can take weeks to process, and sometimes you just can’t afford to wait that long. When you pawn a vehicle, you can get approval and receive the money on the same day or the very next business day.
How To Qualify For A Title Pawn
The most important requirement for getting a title pawn is to be the owner of a vehicle with a lien-free title. You must be able to present proof of ownership by presenting a vehicle title that is under your name and a valid government-issued ID with a photo.
Since the vehicle title has to be lien-free, this also means that the vehicle must be fully owned and paid for. If you are still making payments on the car loan, the bank or financer still has a lien on the title. Under the law, a property can’t have two liens at the same time.
A Step-By-Step Guide To Getting Cash Using A Vehicle Title
Georgia Auto Pawn, Inc. is one of the most reliable providers of title pawns. We are known for our personalized service, our efficient and convenient application process, and fast payouts.
Just follow these simple steps and you can get cash using the vehicle title on the same day you apply.
1. Contact Us
You can either call any of our store locations or use the online inquiry form to request a call from one of our loan representatives. We usually call back within a few minutes, so be sure to keep your phone next to you!
During this call, the loan representative will personally assist you and explain everything you need to know about a title pawn. You can ask questions anytime—we are very transparent and will do everything we can to help you understand the process and requirements.
2. Submit The Requirements
Set up an appointment at any of our branches or ask the loan representative to meet up with you at your desired location. Be sure to bring your lien-free vehicle title, a government-issued ID with a photo like a driver’s license or passport, and your vehicle for inspection.
The loan representative will review your documents and then do a quick five-minute inspection of your vehicle. This enables us to assess its market value and compute the loan amount you qualify for.
This entire in-person process will be completed in half an hour. Right away, you’ll know if your application was approved and be provided with a loan package.
3. Get Your Money
If you agree to the loan terms, just sign a few documents and you’re ready to receive cash using the vehicle title. We release the money the same day or the next day. It’s that fast and convenient!
Fill Out Our Online Form Today!
If you need to raise emergency funds ASAP, then we at Georgia Auto Pawns, Inc. are here to help. You can get cash using your vehicle title! We have gone through all of the steps so you know just what you need in order to apply, and how the process will go. You can get started today! Fill out the online form and get the emergency cash you need using your vehicle title.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.