Title Loans in Lutz, FL

Exchanging Your Vehicle Title For Auto Title Loans In Lutz, Florida

It’s always a good idea to keep your vehicle title in a place you can easily find it because it may come in handy in more ways than you think. You might think of it as simply a document you need if you plan to sell your vehicle, but it could also be a document you’ll need if you need to borrow any money for personal reasons. Yes, that’s right your vehicle title can help you get a loan that you won’t get from the bank or credit agencies. Our company explains how you can qualify for vehicle title loans in Lutz, FL if you have your title handy.

You need your vehicle title for a title loan because when you hand it over to the lender, you’re offering your vehicle as collateral for the loan. But you still can keep the vehicle while you’re using the loan. Vehicle title loans in Lutz, FL are based on what your vehicle is currently worth, and usually the loan amount will be about 1/4 of its value, though you usually have the option to take out a lower amount. If your vehicle is quite new or brand new, you might be able to borrow up to $10,000 or 60% of your vehicle’s value.

Owning Your Vehicle Completely For Lutz Title Loans

You cannot currently have any dealerships, banks, or other lending parties listed as lien holders on your vehicle because it makes it legally impossible for you to pledge your vehicle as collateral with their interest in it. If your vehicle financing has been paid off or is close to being paid off, you’ll usually be able to get a clear title and then own most of the equity in it. Keep in mind that a completely paid off vehicle will get you the most money in our auto title loans in Lutz, FL, and if you’ve taken care of your vehicle payment obligations but haven’t yet gotten a clear title, you may need to visit your nearest DMV place to have that taken care of.

Uses For Title Loans Lutz

Your biggest concern about auto title loans might be what you can buy with them because most banks and other lenders ask the question about your plans for the loan. Our lenders don’t because they know your reasons maybe sensitive and they don’t wish to know them. People use auto title loans in Lutz, FL for all kinds of reasons whether it’s paying rent, buying groceries, paying the auto mechanic, doctor’s appointments or something else. All you need to do is prove that you have the means to pay back the loan and will assume responsibility if anything happens to the vehicle while it’s under the loan.

Steps You’ll Need To Take To Get One Of Our Loans

The first thing to know about our title loans Tampa is that you need a photo ID and income documents to prove you are a legal resident of Florida and are at least 18. These documents are acceptable as proof:

  • Driver’s license, passport, permanent resident card or military ID
  • Paycheck or stub, W2, 1099 Form or annual tax return showing your monthly or annual income

Once you’ve gathered those documents, you can complete our online application which will calculate the maximum loan amount you can get based on your vehicle’s description. You’ll then be contacted to meet with one of our specialists at a location near you where you’ll have your vehicle inspected, your documents confirmed and the paperwork signed. Usually within the same day or one day later, you can get your title loan money.