You’re here because you’re wondering if you can pawn your car and still drive it.
The short answer is YES! You can pawn your car and still drive it.
This is made possible by car title loans, where the loan is only secured by the car title, and once you successfully repay your loan, you’ll get back the title to the car. So, you’ll be able to still drive you car. Apply Here!
What Are Car Title Loans?
A car title loan is a type of secure loan, which you use your vehicle title as collateral for the loan. When getting a car title loan, you borrow against the value of your vehicle, so you get to keep driving your car after getting the loan. All this means is that if your vehicle is worth $12,000, then a lender will lend you up to $12,000 for your car.
How Can I Get A Car Title Loans?
You can get a car title loan by applying online here. You’ll be able to see an estimate of the worth of you car and how much money you’d qualify to get. Car title loans are really good for people who have less than desirable credit scores. There are no pre-approvals and these loans are processed in 1 business day.
Why Would You Want A Car Title Loan?
1. Quick Cash, Easy Process One of the best benefits of car title loans is that they are very fast and convenient. The process is very simple and speedy and can be completed within a few minutes. Once you submit the form, you can receive the cash within the same day!
2. Credit Doesn’t Matter with car title loans. These loans are known as no credit check loans. They are based off of the value of your title(your vehicle) so it makes it much easier to secure one even if you don’t have good credit. Most lenders provide car title loans to people who own a car that is worth more than the loan and have a source of income. They may not even ask to see your line of credit.
3. You Can Still Use Your Car if you get a car title loan, you can still drive your car. The car title is used as collateral in case the borrower cannot pay the loan back, yet once you make your final payments, the title is returned back to you. So you don’t have to worry about getting around when you take out an auto title loan.
4. Cheaper Than Cash Advances Because auto title loans use your vehicles as collateral, they have a layer of protection, so they don’t have to charge as high of an interest rate. Because of this reduced interest rate, they are often less expensive than cash advances.