How Much Can I Get For A Car Title Loan In Idaho?
Obtaining a car title loan in Idaho can become a convenient way for some to access a part of their car’s worth without selling it. You wouldn’t have to give your vehicle to the lender – the car’s lien-free title will be used as collateral.
When a financial emergency arises, it can be difficult to find fast cash to cover your urgent expenses. Thankfully, Idaho Title Loans, Inc. offers car title loans to help with difficult financial times.
So, how much exactly can you get for a title loan, and how does Idaho Title Loans, Inc. determine the amount? Keep reading to discover the answer!
What Is The Most I Can Get For A Car Title Loan in Idaho?
When applying for a title loan, you would typically be offered a percentage of the vehicle’s value. In most cases, the lender would provide you with anywhere between 25% and 50% of the car’s worth. You can use this equation to get an estimate of how much you’d be able to borrow:
Vehicle Value x (Percentage as a Decimal) = Loan Amount. For example, if your car is worth $10,000, you might qualify for anywhere between $2,500 and $5,000, depending on the company’s policies.
During the vehicle inspection, our representative can discuss this process more and answer any questions you have.
How Is the Value Of The Car Determined?
To get a relatively accurate estimate of the car’s value based on the year, make, and model, you can use a value guide (like Kelley Blue Book or Edmunds). You can even ask the lender which guides they prefer so that you better understand how much your car is worth before you even step foot into the store.
Remember that the car’s condition is also critical when determining the loan amount you qualify for. Such things as mileage, age, engine type, size, and additional features (like heated seats, a sound system, and so on) will be considered.
Remember that even if the car is in excellent condition, old age or high mileage might reduce its value.
How To Apply For A Car Title Loan In Idaho
With Idaho Title Loans, Inc., you can get up to $15,000. Throughout the years, our company has accepted various cars of different years and models. Our process ensures that even if you don’t own the newest car model and it’s not in perfect condition, you might still be able to receive the money you need.
All you will need to apply is a photo ID (this can be your driver’s license), your vehicle, a lien-free title to the car in your name, and proof of income. Once you have the necessary items, follow this step-by-step guide.
- Fill out our online inquiry form to connect with our trusted loan representative.
- Our loan representative will discuss the process and answer your questions.
- During the call, you will schedule a meeting with an agent at a location of your choice. Or you can always come to the closest store to complete the process.
- In any case, our loan representative will assess your vehicle and verify your documents.
- If you get approved and agree with the loan amount offered, you would have to finalize the process by signing a few papers. This could take you less than half an hour.
If eligible, you will receive your emergency money that same day or the following business day. Even better, you can continue driving your car while repaying the loan.
Who Should Apply For A Car Title Loan In Idaho?
If an emergency strikes, a car title loan can become a way for you to get the much-needed emergency cash as quickly as possible. Loans shouldn’t be used to make trivial purchases or invest in a business.
But the money can come in handy if you must deal with urgent car or home repairs, medical or vet bills, or unexpected travel expenses.
One of the most significant advantages of a title loan is that you can qualify for a relatively large sum. No matter how big of an emergency you have, you will most likely be able to handle it with the money you receive.
Get Your Car Title Loan In Idaho Now!
Naturally, anyone looking for a car title loan in Idaho would want to know how much they can qualify for. Thankfully, you can get a rough estimate of the sum you can count on even before you call your preferred lender. Use one of the value guides and consider the car’s condition.
Our friendly loan representatives at Idaho Title Loans, Inc., for example, will base the value of your vehicle on the value stated in a nationally recognized pricing guide. So, if you want to receive up to $15,000 extremely quickly, fill out our online inquiry form to get started today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.