A Complete Guide to Getting a Vehicle Title Loan

man driving car

Money. It’s never around when you need it most. And when you do need it, how can you not only get it but get it FAST? Obtaining a loan from a bank or other financial institution can take what feels like forever, not to mention the piles of paperwork. When you need money, you need it immediately. A great alternative to conventional loans is a vehicle title loan. Below we discuss what a title loan is, how to apply and more.

With all this talk about title loans, we should probably cover what a vehicle title actually is. If you own a vehicle, the title is an official document issued by the DMV that states you are its owner. It will also list other personal information, such as the owner’s name and address, vehicle make, model, year and the year it was initially sold.

What is a Title Loan?
A title loan is a short-term loan where your vehicle is used as collateral. It is a secured loan that is typically short-term, not extending beyond thirty days.

How Does it Work?
It’s pretty simple to get a title loan. you apply and provide all necessary requirements and information to Tio Rico te Ayuda. You then present your vehicle for evaluation and inspection. Once your loan is approved, Tio Rico will give you cash on the spot in exchange for your title. You still keep and drive your vehicle while you repay your loan. Isn’t that a relief?

  • Advantages of a Title Loan
  • Fast and easy cash
  • Very little and painless paperwork
  • Typically no credit check required
  • No risk of being sued for nonpayment

How Much Can I Borrow?
The minimum amount you can typically borrow is around $100 – $100,00. Your loan limit is usually determined by your vehicle make and model, the mileage you’ve racked up, the condition of your vehicle, and if there are any existing liens on the vehicle.

How to Apply?
Applying for a title loan is easy. Simply walk into any car title loan location such as Tio Rico Te Ayuda, provide some basic information, and wait for approval. The entire process should take less than an hour! You can also apply online or over the telephone. You need cash, and you need it now. Turn to Tio Rico for help today.