Fast Money Car Title Loans in Rapid City
Cash is a simple form and a few minutes away.
Typically, when in a financial bind, people hurry to sell their assets – their bikes, jewelry, and cars. But, selling assets can take a long time. There’s an easier way to get cash quickly without giving up your treasured possessions: Car Title Loans.
When you think of “loans,” you may think of a long, bureaucratic process at your local bank. But auto title loans skip the traditional banks altogether, and you don’t need to worry about your credit score, either. Pairing you with a lender local to Rapid City, Fast Money Car Title Loans will get you cash quickly: up to 50% of the value of your car in as little as one business day. You don’t even have to leave the comfort of your home to apply – fill out our application form now, and one of our title loan specialists will walk you through the process.
What is an Auto Title Loan?
If you own a car, you own value that you can exchange for a cash loan. A car title loan is when you give your car’s title to a lender in exchange for cash. While the lender will then “own” your car because they then own the car’s title, you’ll still get to drive and keep the car itself – which means you get cash quickly without actually giving up your asset. Highly regarded for its ease and speed, auto title loans are a popular, trusted way to get cash when you’re in a bind. Online title loans are easier than ever to access thanks to our easy application.
Title loans can be up to 50% of your car’s equity value, and can be acquired in as little as 24 hours. Apply for free online, or call Fast Money Car Title Loans Rapid City. We’re available seven days a week – because we know that when you need money now, you don’t have time to spare.
How Much May I Borrow with an Car Title Loan?
The amount of cash you can borrow from a lender for your car title loan depends upon two factors: your car’s equity value, and how quickly you can repay the loan. We determine your car’s value based on its year, make, model, mileage, and other miscellaneous factors, such as the car’s condition, the size of the engine, and any extra bells and whistles (such as leather seats or a sunroof). We then work with you to understand your ability to repay the loan, and will make an offer depending on these factors. In some cases, the cash offer is typically up to 50% of your car’s equity value.
Why Choose an Auto Title Loan from Fast Money Car Title Loans?
With over 5 years of experience, Fast Money Car Title Loans is the largest most trusted Nationwide Auto title loan referral provider. We’ve worked with countless clients and lenders to streamline every step of the process. Our experience aids us in making the proper loan amount recommendations, and our team of certified experts is always available to answer every question you have. We know that the decision to take out a title loan is a big one, and work hard to make it as easy as possible, getting you cash in as little as one business day. You also don’t have to hop in the car to come into our any office. Simply fill out the easy application to get started, and give us a call if you run into any questions. Financial relief is closer than you think.
Qualifying for a Rapid City Title Loan
There are a few qualifications necessary to take out a title loan in Rapid City, but let’s first talk about what you don’t need:
- You don’t need a good credit score, or any credit score, for that matter.
- You don’t need to give up full use of your car once the title loan goes through.
What you do need:
- To have the car paid in full, or almost in full. If you own the car outright, great! If you’ve been financing a newer car, you can take out a title loan only if you’re on your last few months of payment — but the qualifications here differ depending on your situation. When in doubt, call us, and we’ll work through it with you.
- In the state of Florida, you do need a bank account to take out an auto title loan. But that’s okay – you can just deposit the cash into your bank!
- To have some type of income. This doesn’t mean you need to have a full-time job, or even a part-time one at that: you can be an entrepreneur that brings in some revenue here and there. You can even be retired! We just want to see that you’ll be able to make your monthly payments on your loan.
- For the title to be in your name. You can’t give up your car’s title as collateral for a loan in your name if the title itself is not in your name.
Other qualifications are part of the standard approval process. We’ll ask for you to have the following ready, but we may not need all of it:
- Government-issued ID
- The original copy of your car’s title
- Social security card
- Pictures of all four sides of your car, then pictures of your odometer (to confirm mileage) and VIN (Vehicle Identification Number). The VIN is important for determining your car’s value. To find your VIN, simply look at where your vehicle’s dashboard meets the windshield on the driver’s side. If it’s not there, it may be where the driver’s door latches where it closes. Open the door and assess the side of it. You may also locate the VIN on the vehicle registration card
- Three references who aren’t related to you
Get up to $50,000* with an Auto Title Loan
Some of our lenders have received as much as $50,000 cash in just a few hours because of the equity value of their car. By this time tomorrow (or even tonight), you could be in the same position and taking home a similar amount, depending upon your car’s equity value. We know how stressful it is to feel strapped financially, and taking out an auto title loan is one of the most flexible ways to get money quickly. By using your car’s title as collateral, you’ll drive away in your own car with a stack of cash and simple terms for paying off your loan. You may worry about your credit score, if it’s low or nonexistent. But, since your loan amount is dependent on 50% of your car’s equity value and your payment terms, your credit score won’t matter as much as it would if you were taking out a different type of loan.
When a Vehicle Collateral Loan is Ideal in Rapid City
Various situations can lead you into a financial bind – from medical bills to unexpected expenses from accidents and storms. Maybe your business went under, your dog needed unexpected surgery, or maybe you simply need to make the down payment for your child’s dream school. For whatever reason you need money, the quickest and easiest way to get short term financing is to take out an auto title loan at Fast Money Car Title Loans in Rapid City. Some of our clients receive cash in as little as thirty minutes. The process is easy and straightforward: fill out the form on the homepage to apply for free now, or reach us by phone all seven days of the week – because we know financial binds can’t wait.
Leading Rapid City Title Loan Specialists
Our auto title specialists have seen it all before: various financial situations, loan terms, and car values. We’ll work with you over the phone or in person (up to you!) to help you navigate the loan process swiftly and efficiently. Because of our years of experience, we’ll have the answers to all of your questions, and ensure you have all the information you need in navigating your car title loan.
Fast Money Car Title Loans Help You Access $1,000 Or More
Praised as the easiest way to unlock short term financing, at least $1,000 can be in your pocket by tonight by taking out a car title loan. You’ll sign a loan agreement with your lender once you agree to applicable terms, hand over your title, and get to keep your car as you recoup your finances. Many people in financial binds need to keep their cars to pick up their kids from school or make it into work everyday – by giving up your car’s title as collateral, you’ll still be able to move freely about Rapid City as you make your monthly payments and pay back the loan.
Auto Title Loans Or Payday Loans?
Taking out an auto title loan can be easier than doing a payday loan. While both are certainly options when you’re in a financial bind, payday loans are taken out when you borrow a certain amount from a lender, and write them a check for that exact amount for a later date – usually 14 days later. You work with the lender to decide upon a finance fee or interest rate, and incorporate that into the check amount.
Interest rates for payday loans are typically dependent on your credit score, which means your interest rates could be astronomical if you have low or no credit. Because your credit score doesn’t matter nearly as much for auto title loans, chances are that your interest rates will be lower.
Paying off the Car Title Loan Rapid City
Because auto title loans are the preferred option for short-term financing, it’s important to know that the loans typically need to be paid off within 30 days. But, that’s usually enough time to get you back on your feet after an unexpected financial catastrophe. Interest rates on your loans will differ, but we’ve seen an average interest rate of 96% compounded daily. The sooner you pay off your loan, the less interest you’ll owe.
Not Available in All States
Due to certain lending laws, Car Title Loans are not available in all 50 states.