How Is The Amount For A Car Value Loan Determined?

Before beginning the process for a car value loan, you’ll probably want to try to get a rough estimate of how much you can potentially qualify for with us at Texas Car Title and Payday Loan Services, Inc. to help you decide if this is the loan for you. The good thing is we are transparent about what we look at. Keep reading this guide to learn how we decide how much we can lend to you. You’ll also learn a few other reasons you should come see us for your title loan!

Here Is What We Use To Determine Your Car’s Value

The amount that you’ll be able to qualify for if you are approved for a car value loan would depend on the market value of your car and its working condition. Remember that we won’t give you 100% of the car’s worth. But to give you a better idea of what we offer, you can qualify for anything up to $15,000 to use for any emergency expenses you are struggling to handle. Here are the factors we look at to figure out how much you can qualify to get.

The Car’s Market Value

We here at Texas Car Title and Payday Loan Services, Inc. will consult one of the most well-known pricing guides when determining how much your car can be worth. If you want to get an estimate of how much your car might actually be worth, it is usually recommended to compare the value of the vehicle using all three pricing guides. To do that, you’re going to need to provide some information about your car. Here are some pricing guides:

• Kelley Blue Book is an industry-leading automotive research company that allows you to see the value of your car.
• NADA represents thousands of car dealerships and provides information on the latest trends.
• Edmunds has a special appraisal tool that enables you to see your vehicle’s value and then compare it with other values from Kelley Blue Book.

The Condition Of The Vehicle

Besides using a nationally recognized pricing guide to determine your car’s resale value, we also look at your vehicle’s overall condition to determine how much we can lend to you. This does mean we will have to inspect your vehicle in person to check its condition. Know that the better condition your car is in, the more money we can lend to you if you are approved for a car value loan. We recommend – especially with winter coming – that you follow some tips to get your car in good working condition.

We Also Look At Your Finances

Aside from your car’s condition and your car’s resale value, we also look at your finances. This means we have to see proof of your income to determine that you have a legitimate way to repay the loan. We ask that you provide your most recent pay stub to prove your income, but if you can’t do that, we might be able to accept other forms of income. Just give us a call before you come see us in person so that we can tell you what kind of proof you will need to bring in.

Why Go With Texas Title And Payday Loan Services, Inc.?

Now that you know what we look at to determine how much you could get for a car value loan, you are probably wondering why you should come to us at Texas Car Title and Payday Loan Services, Inc. for your loan. The first reason you should trust us is you wouldn’t be required to bring in dozens of different documents. You’re only going to need your driver’s license, a lien-free title, proof of income, and the actual vehicle.

Also, for the majority of loan amounts, any credit is welcome. So, you might qualify even if you have poor credit. You will also get to keep the car while repaying the loan. You should also know that the in-person meeting with the loan representative can be as quick as just half an hour. And if you are approved and manage to get the loan agreement signed early enough, you might be able to receive the cash that same day. And if not the same day, it’ll be the next bank business day.

Would You Have To Visit The Store To Apply?

The best part about doing business with us at Texas Title and Payday Loan Services, Inc. is the fact that you do not have to visit one of our Texas stores if you don’t want to – even though we do have multiple stores throughout Texas. We offer online title loans, which means that you can ask the one of our representatives to come to a location of your choice. Just make sure to have all the required items ready by the scheduled time when we meet in person.

Get Your Car Value Loan Today!

As you can see, it wouldn’t take too long for us to determine the amount you could get for a car value loan. We are determined to help you find out if you can get the fast cash that you urgently need. This is why we’ve cut out any unnecessary steps and kept everything simple and quick. But don’t just take our word for it! Begin your application online right now and take advantage of all the benefits that we have to offer.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.