When you’re short of cash, asking to borrow money from friends and family is the last thing that you want to do, yet without the money, how can you survive? Getting a loan is out of the question because of poor credit, or is it? Many people are unaware that auto loans jacksonville fl are available in the time of need.
An auto loan is a loan on the title of your vehicle. Loans are made on most models and years of vehicles, with the loan amount based on these factors and the condition of the car. When you choose a title pawn, you keep the vehicle and receive the title back upon successful repayment of the loan, as well as a fee for borrowing the money.
Auto loans are easier to obtain than most other loan types out there, and do not require any credit checks. In fact, your credit history is unimportant when it is time to get an auto loan. Repayment is made in small monthly payments so the loan does not add any stress to your financial situation.
To obtain an auto loan, you must be at least 18 years old with a clear vehicle title. You must also have a reliable source of income so that you can repay the vehicle. The title loan company will need a set of keys to the car. If you are approved for a title pawn loan, your money might be in your hands the very same or the next day. That’s yet another benefit of the loan type. When you need money, waiting around for an answer isn’t the way that you want to spend your time. Auto loans eliminate that worry and get the money that you need, when it is needed.