Completely Online Car Title Loans allow you to borrow money using the equity in your vehicle without visiting a brick and mortar lender. FTL Title Loans specializes in completely online car title loans at the lowest interest rates. This means you can save a significant amount of money on your next title loan with a discount title loan with FTL Title Loans. This includes car title loans online.
Car Title Loans can be a great source of fast cash for unplanned expenses and emergencies. It is important, however, to understand that Title Loans are meant to be short term financial solutions (even discount car title loans). Car title loans are meant to cover unexpected expenses and are not meant for long terms. Amortizing a title loan for more than 1-2 years results in very high interest charges over the life of the loan. FTL Title Loans prefers to provide customers with accurate cost related information, which helps customers make the right choice about a car title loan.
Discount Car Title Loans Completely Online
In addition to providing lower interest rates FTL Title Loans also helps ensure your title loan online is more affordable by providing detailed cost information. As mentioned, car title loans online are not meant to be long term loans. The interest charges on a title loan increase rapidly when amortized for more than a year. A three or four year title loan is not recommended.
FTL Title Loans specializes in helping customers by providing the lowest rate online car title loans fast. The online title loan process is fairly easy to complete and can be started with some basic information about your vehicle, contact information, and location.
Online Car Title Loan Benefits:
FTL Title Loans specializes in car title loans online and, as a result, provides the following car title loan benefits:
- Lowest Interest Rates – Save with the lowest rate car title loans online
- Optimized Process – Fast title loans Completely Online
- No Credit Check – your car is your credit
- Completely Online Title Loans with No Inspection and No Store Visit
- Online Title Loans Fast – Same day cash
- Instant Online Approval – no waiting
Fast Car Title Loans Completely Online
At FTL Title Loans, we understand most borrowers have time related expenses which is one of the reasons for choosing a car title loan. Many title loan customers have urgent expenses and emergencies which require fast access to cash. One of the key benefit of car title loans online is the ability to get fast cash using your vehicle’s equity.
Additionally, FTL Title Loans optimized and streamlined the online car title loan process to remove inefficiencies, eliminate unnecessary and burdensome requirements, and increase transparency, This helps ensure online car title loans are completed as fast as possible.
Types of Online Car Title Loans:
FTL Title Loans specializes in Fast title loans with very fast completely online approval. A car title loan needs to be fast to meet most borrowers requirements. We optimized our process, including Online Title Loans, to ensure our title loans are fast.
There are several different types of online car title loans. We treat them all similar and provide a brief explanations of the minor differences between each in the following paragraphs:
Same Day Completely Online Title Loans
Our title loan process is fast and provides same day title loans for many borrowers. Make sure you have your documentation together when applying. This helps ensure your title loan is funded fast. Learn more about the title loan requirements.
Completely Online Title Loans no Inspection
A completely online title loan with no inspection is a loan that is done without a third party inspector. Some online title lenders require borrowers to visit an appraiser or inspector to get the vehicle value. We use vehicle pictures and a vehicle history report to determine the vehicle value.
Completely Online Title Loans Direct Lenders
The direct lender for your online title loan is an important choice. With no visit, this means there may not be a local office near you. Making sure you are dealing with a reputable lender is essential. Regardless of where you get your title loan, always read the loan agreement in full before signing. Make sure you understand all terms, clauses, and conditions.
Completely Online Title Loans no Phone Calls
Some borrowers may not be able to make a phone call during the day due to work or other reasons. This is where completely online title loans with no phone calls come in. While a short phone cal may save some time, the process can be completed with no phone calls in many cases.
Fast Completely Online Approval
Submitting the online title loan application results in fast approval within minutes. Have your information ready and double check that it is complete and accurate. This helps ensure there are no issues that will slow the process.
The reason FTL Title Loans is able to provide fast title loans is our optimized title loan process. Title Loans are secured loans, making the approval process simple when compared with other loans. Optimization of this process makes our title loans even faster.
Car Title Loan Candidate:
FTL Title Loans prefers to inform customers on the keys to making sure they are a good candidate for a car title loan. Instead of assuming customers’ are good title loan candidates, we provide criteria to help determine if that is the case. It is not the case for all borrowers an we prefer to let borrowers know this rather than locking them into a title loan that is not the right solution for their situation.
Are you a good title loan candidate? Title loans are short term solutions and not all borrowers make good title loan candidates. FTL Title Loans prefers honesty, transparency, and providing accurate information to title loan customers. This includes identifying what makes a good title loan candidate, and telling borrowers when a title loan is not the best choice. Follow the simple process below to determine if you are a title loan candidate.
Optimized Car Title Loan Online Process:
FTL Title Loans specializes in completely online car title loans and follows a simple and optimized car title loan process. Our streamlined process that allows you to get fast cash using the equity in your vehicle with no inspection and no store visit. Many title lenders complicate the process with extensive applications, unnecessary requirements, GPS devices, and other additions that slow down the title loan process. Our optimized process has four major steps:
1. Apply Completely Online
Apply online using our Instant online title loan application. The application only takes a minute and is not a commitment. Submitting the application does not affect your credit.
2. Get Approved and Complete Documents
After applying, you will be contacted to complete your loan paperwork. The process takes about 30 minutes. Make sure to have your vehicle information, Drivers license, and insurance information. To complete a title loan you will need to meet the title loan requirements.
3. Get your Cash
As soon as your loan paperwork is complete your loan is funded. For online title loans you will need to send your title. With a title loan, you keep driving your car while you make your payments.
4. Make your Payments
Finally, once your loan is funded, the final step in our optimized process is making your payments. FTL Title Loans makes it easy to make your payments online. It is very simple with auto reminders to minimize the chance of missing a payment.
What is a Car Title Loan?
A Car Title Loan is a type of secured loan using your vehicle as collateral. Title Loans are also known as Auto Title Loans, Title Pawns, Pink Slip Loans, and Registration Loans. Unlike Payday Loans, car title loans vary from state to state and lender to lender. This document shows title loan laws per state. There are also companies operating online following their own rules.
Title Loans are categorized into two main types of loans:
- Single Payment Loans – A single payment loan is usually for a very short duration and the entire loan, plus a fee, is due at the end of the loan. These loans are usually 15-30 days in duration.
- Monthly Term Loans – these are similar to other car loans, and are usually for 12-24 months. Payments of both principal and interest are applied each month. These loans are amortized over the loan period.
FTL Title Loans provides monthly term loans with monthly payments that are affordable. Single payment loans are very difficult for the borrower to repay; and are often “rolled over” for another month. This can lead to excessive fees and interest charges. Monthly term loans are easier for the customer to repay.
Online Title Loans:
Title Loans completely online are starting to grow in popularity, however you do need to be careful who you do business with. Title Loan companies, including FTL Title Loans, are offering title loans completely online. There are both advantages and disadvantages to this process. Understanding how title loans work will be critical to getting a loan with terms you can meet. The consequences of defaulting on a car title loan can lead to losing your vehicle. For this reason, make sure you can repay a car title loan before signing the loan agreement.
Instant Online Title Loans
FTL Title Loans specializes in funding online title loans fast. We offer instant online approval and same day funding for our Instant Online Title Loans. The major difference between an online title loan and an instant online title loan is the need for an inspection or store visit.
How much do Title Loans Cost?
Car title loan costs can and do vary widely depending on several factors. These include the interest rate, length of the loan, and fees. These items will be detailed the terms of the title loan agreement. The terms usually depend on the state you live in. Not all states allow car title loans and some states have maximum interest rates and loan term lengths. Additionally, some lenders are offering longer term title loans which often result in excessive costs.
Types of Car Title Loans
There are two types of car title loans: Single payment loans and Monthly Term Loans. These are structured very differently. To help figure out the costs of a title loan online we developed a Title Loan Calculator that calculates both single payment title loans and monthly term title loans.
Loan Term affect on Monthly Payment
Like other loans, the monthly payment for a car title loan can be reduced by lengthening the loan term. Car title loans, however, are a bit different than other loans. This is because the interest rate. Even with the lowest rate title loans like FTL Title Loans, the rate is still higher than other forms of credit. While a longer loan term does lower the monthly payment, the affect diminishes significantly after 24 months. This is one of the reasons title loan are short term solutions and not long term. The affect of amortizing a title loan for more than 24 months can be excessive interest charges. Take a look at the payments and total loan cost for a 36 and 48 month car title loan.
How much will a Title Loan Give Me?
The amount you can borrow with a title loan is dependent on the value of your vehicle. If you haven’t checked the value of your vehicle recently, now may be a good time to do so. You can use the online valuation tools KBB or NADA to get an estimate. Additionally, vehicle history plays a role in the valuation so you will want to make sure to know your vehicle’s history.
Car Title Loans Near me
Finding a car title loan lender near you may be convenient, but can often result in a loan with unfavorable payment terms. Rather than searching for the closest title loan company, try to find the lowest interest rate lender with a good reputation.
Title Loan Places Near me
Instead of searching for title loan places near me, try finding the best title loan company with the lowest rates. Finding a title loan company that can provide completely online title loans with no inspection means being near you is not as important of a factor.
Who does Title Loans Near me?
Restricting your search to “car title loans near me” can result in a rushed loan with interest and fees that may not be affordable. Spend the few minutes it takes to find a a discount online title loan.
Vehicle Title Loans Near me
A vehicle title loan is the same as a car title loan. Find the most affordable title loan from a reputable lender, rather than visiting the closest title loan company.
How to get a Discount Car Title Loan
Car Title Loan interest rates can vary widely, even within the same lender. Shopping for a car title loan, especially a car title loan online, can be an intimidating process. If you are in a hurry and have a financial emergency, you may be tempted to rush through the process to get your situation resolved. This is what many lenders are counting on. This is also how many borrower get stuck in very high interest loans with unfavorable terms. Always make sure to take your time reading the loan agreement and do not be afraid to say no and move on to another lender if the rate is too high.
Competition means more Options
There are an increasing number of title loan companies offering repayment terms and rates that are more reasonable than 200% plus APR. Try to find a lender that charges less than 100% APR. FTL Title Loans specializes in discount title loans and can help you get a title loan with a rate significantly less than 200% APR and less than 100% in most cases.
Remember when getting a car title loan that you are the customer and the lender needs you to stay in business. Do not be afraid to ask for a better rate. Also, make sure there are no hidden fees and no prepayment penalty. If you read the article about 36 and 48 month car title loan costs, then you should be wary about getting a long term title loan. The only worse option would be a long term title loan with a prepayment penalty. At least with no penalty you can always pay off the loan at any time to avoid the excessive interest that comes with making a title loan a long term loan.