You have plenty of options when it comes to refinancing your vehicle, but one you probably haven't considered is a car refinance title loan. With just one fast online application you can use your car to get money out of your vehicle, adjust your payments, and lower your interest rate. All you need is a clean car title to get started.
You may have heard about refinancing your car in broad terms, but what does it really mean and why should you do it? These are questions worth exploring before you jump into an auto refinance option. Auto refinancing, on the simplest terms, is financing your car again.
It's something you do because you're looking for different terms, a better interest rate, a longer loan, etc. It's also a way to use your vehicle to get money when you don't have it elsewhere for something you need.
So if you have a manageable or paid-off vehicle expenses, no other pressing debt, and long-term, high yield financial stability, you're probably not going to need to look into auto refinancing.
If you're looking for a better deal, though, or if you need a way of getting money out of your car, refinancing is a real option to help you get the money and payments you need.
So why would you use a title loan to refinance your car? Well, there are a number of reasons, but to start, you should know the title loan basics.
Title loans are a form of short term loan that uses your vehicle's title as direct collateral for the loan principal. You keep the car throughout the life of the loan, but the title goes to the lender as a form of security so that they know you have something invested in the whole thing, too.
You'll be able to pay down the loan in installments over a set period of time - generally a number of months but you can get up to and over a few years depending upon your exact loan terms. Once you've paid off your loan, you'll be able to pick up your title again, no questions asked.
Because of the way they work, title loans come with some distinct benefits that make them great options for auto refinancing, including:
A title loan allows you to take more control of your car refinance options, and works without having to look into your credit or financial history, meaning that even if you have bad credit, no credit history, or a bankruptcy on file, a title loan can still help you get the cash you need from your car.
By negotiating a loan with a longer repayment period, lower interest rates, or simply payments that you can better afford, you'll be able to make your vehicle expenses more manageable and keep control of your car in the process.
Auto refinancing isn't just to readjust your car expenses, either. Like any other refinancing, you can use your savings or loan money to take care of other expenses, whether you're looking to catch up the house payments or get started with a new house all together. All you need is your car's title to get going.
Finding the right loan for you can take just a matter of seconds. In fact, you don't even need to do any major legwork before you get started. Just fill out one fast online application with Title Loans Florida to get an instant prequalification decision, along with an estimate letting you know how much your loan may be worth. You can also use our title loan calculator to see exactly what your monthly payments will be.
Once you have that estimate, you'll be able to get on the phone with one of our car refinance experts to talk about exactly what you're looking for from auto refinancing, and what's most important to you in a loan.
They'll pull from our database of secure, reliable lenders to get you the terms you need, and help you compare them in a matter of just minutes. You'll be able to pick the loan that best fits your purposes, and your expert will help you customize it to get the terms you want.
You'll also work out some of the more important details, such as your interest rate and repayment plan, at that time. That way, you know right up front what your loan is going to look like over time, so that you can factor it into your larger financial plan.
Once the terms and repayment options have been set to your liking, you'll be able to go to any one of our hundreds of convenient Florida locations to drop off your title and pick up your cash. You'll need just a couple things to verify your loan, like:
Your car will also get a quick inspection to ensure it matches the information provided on your application. You'll finish up on site, have any last auto refinance questions taken care of, and then leave with your loan money in hand.
After your loan has been paid off according to your payment plan over the specified period of time, you'll be able to come back and pick up our title again without any hassle. There's no need to worry if you pay your loan off early, either. You'll never be charged or penalized for early or lump-sum payments.
So if you're looking to make your car costs more manageable, or just for a way to get money out of your vehicle, try a car finance title loan. One application and just a few minutes could get you the terms you've been looking for in as little as 24 hours.
We offer car title loans in Florida, as well as the following metro areas: