What Is the Biggest Car Title Loan You Can Get?

June 10, 2024

When facing a financial hurdle, it helps to know that there's a way to get money fast without harming your life savings. This is the offer that most loan services put to the table, but not all of them deliver on that end. Some personal loans provide only a small amount of money to match the person's credit score, while others place too many obstacles before the person is even approved for the loan.

Despite operating in such a competitive market, car title loans have stood out the test of time and become one of the most popular options in Florida. There are many reasons for that, and one of them is the generous loan amounts that you can get with a licensed loan company. Let's take a closer look.

Why Choose a Car Title Loan?

Car title loans follow a fairly simple process. In a car title loan, the loan amount is determined according to the equity in the vehicle. The borrower must be the car legal's owner and the clear title works as collateral for the duration of the repayment period.


Generally, the amount of money you get corresponds to 25% - 50% of the vehicle's overall value, so it goes without saying that having a running car is a must. Factors like mileage can affect the final number but, ultimately, any make and model is eligible for a car title loan.

Many of the advantages of car title loans directly address the main drawbacks of other options like payday loans and personal loans.

• A fast process: If you need a loan to cover specific expenses, chances are you're on a deadline. Unfortunately, most loan services spend a lot of times stuck on the initial review process, so clients have to wait before getting confirmation that they qualify for the loan.
  
  Car title loans flow very quickly by comparison. Most companies in Florida allow clients to start their application online and, from there, you can hash out all the details in one single visit to the loan office.


• No credit checks: Traditional loan services won't grant you the money you need if your credit score has taken a hit. This is also one of the factors that slows the process when it comes to banks and credit unions; clients go through numerous credit screenings and need to answer several questions about their plans and financial status.
  
  With a car title loan, you don't have to worry about losing your chance due to bad credit. The loan is based on the vehicle's condition so the person's credit history doesn't affect the calculations for the loan amount. At Quick Cash Auto Loans, you only need to issue a proof of income to show your ability to pay for the loan, but there's no need to disclose any information about your employment status, personal savings, etc.


• Low interest rates: Many loan options grant a lot of money only to saddle clients with high monthly rates and additional fees. On average, car title loans have an interest rate of 10% per month, but it all depends on the company you choose to work with.


• The amount of money you need:The amount of money you get with personal loans doesn't always do much to help through financial problems, especially if you're already expected to pay a high monthly fee. Payday loans are a quick solution but they're more fitting for small expenses, or clients could get indebted after taking multiple loans.
  
  With car title loans, the loan amount can be anywhere between $100 and $10,000, on average. Depending on the company's policies, you can get enough money to cover medical expenses, travel tickets, college debt, home repairs, and more.

Get Your Money Fast with Florida's Leading Car Title Loan Company

At Quick Cash Auto Loans, you can get up to $25,000 in a process that's both simple and effective. You can apply online and our staff will get back to you in record time. They will walk you through all the steps, and you'll be able to walk out of our office with the money you need after a single visit.

We make sure to adapt our methods to your needs and this extends to our monthly rates. With Quick Cash Auto Loans, you get interest rates as low as 1.50% and the most affordable loan terms, so you can put all your focus on your financial stability without worrying about surprise fees.

For example, you can choose to make all your payments whenever you can afford it, or make separate deposits over a 12-month period. It's your call, and we'll make sure to explain all the options so you can pick whatever suits your schedule.

Trust Quick Cash Auto Loans to provide the best services to help you overcome your financial problems. We've perfected our system to ensure that no time is wasted after clients apply for a car title loan. You can get the money you need in record time and avoid all the stress of traditional loans. If this sounds like something you need, just call (786) 600-3411 to get more information straight from our specialists. You can also fill out the application form at the top of this page to get started with the process without leaving your home.