To get a Title Loan, you give Advance America the title to your vehicle as collateral in exchange for a loan. You keep your car and can continue driving while you pay back the loan. Applying is easy. Simply bring your car and car title to an Advance America store that offers Title Loans.
Thereof, can I get a title loan on a car I just bought?
If you are trying to get a car title loan and you only have the bill of sale from your car’s transaction, you might be wondering can you get a title loan with a bill of sale. Unfortunately, you cannot get a car title loan with just your bill of sale.
Furthermore, how much is my car worth for a title loan?
How much can you borrow with a title loan? You can usually borrow 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you’re approved for a loan, you’ll give the lender the title to your car.
How much will advance America give you?
Depending on your state, you can borrow up to $2,500 for a Line of Credit. Click here to find out if a Line of Credit is available in your state.
It’s easy! Find an Advance America location that offers car title loans and make sure you have your vehicle so it can undergo the inspection process. When applying in one of our locations, be sure to bring these documents so we can immediately process your application: Vehicle title.
Advance America offers Payday Loans (also known as a Cash Advance), Installment Loans, and Line of Credit online. Keep in mind that your financial situation, state availability, and personal needs will ultimately determine which of the available Online Loan options are best for you.