Autos, Boats, Motorcycles, Motorhomes, Personal Water Crafts, Planes, Trailers/5th Wheels. Pretty much anything that is registered in the state of California that has a Registration and Clear Title (no lienholders on title).
How much can I borrow?
We have a minimum loan amount of $2,600 and a max of $100,000. We lend a % of the value of your vehicle (the loan to value). We can lend from between 20% and 70% of the appraised value of your vehicle.
How much will it cost me?
We have fixed rate loans, and the rate will depend on the loan to value of your loan. The lower the loan to value, the lower the interest rate. The higher the loan to value, the higher the interest rate. We let you decide on the loan amount and interest rate based on your personal needs plus storage cost and application fee.
How fast can I get my money?
After we have sent you a loan quote based on your initial inquiry, we will need to do a physical inspection of your vehicle and verify the condition, quality, mileage and give you a firm loan offer. If you accept, we just need to sign the loan agreement and then we can wire the funds directly into your bank account or issue a check. We usually complete transactions within 24 hours.
Do I need good credit or income to qualify?
NO. Your loan is based totally on the value of your vehicle. We do not run a credit report or verify income. Past bankruptcy, foreclosure or low credit scores are not a factor in approving your loan.
Will my loan be reported to any consumer credit reporting agencies?
NO. We do not report any information about you or your loan to any customer credit reporting agencies.
Where will my vehicle be stored?
We have various secure and insured storage facilities that offer both indoor and outdoor storage options. The cost is based on the length of your vehicle and the cost for either option will be included in your firm loan quote.
How long is the term of my loan for?
We write all loans with a four (4) month loan term. There are no prepayment penalties.
Can I extend my loan?
Yes. You can request a loan extension at any time during your loan term. If we approve your extension, you will need to pay all interest, storage or other costs outstanding at that time, and then we will re-write a new loan agreement.
Can I payoff my loan early?
Yes. You can payoff your loan any time during the four (4) month loan term. And by paying off your loan early, you are only charged interest for that period of time. There are no prepayment penalties.
How do I payoff my loan?
You can wire the funds using a bank transfer, cash, cashier check or debit/credit card. Please contact us before making any payments to be sure you have the correct payoff amounts and account information. We will also schedule a time to deliver your asset back to you, usually within 24-48 hours from your payoff.
What happens if I do not repay my loan?
First, if you cannot make your payments or repay your loan in full, please give us a call at 1-877-229-0001 to see if we can help find a way to resolve your issue. If you do not repay the loan, we will sell your vehicle and no further action will be taken by us to collect from you. This is nonrecourse secured asset loan and we only look to the vehicle for repayment not the borrower.
When are my payments due?
You can make monthly payments or no payments until the end of your 4 month loan term.
What are the benefits of a pawn vs title loan?
Our rates are much lower than most title loans and we do not base the lean on your income or credit score.