Title Loans in De Pere, WI

Do you have a car that has a clear title? If so, you could use that title to obtain hundreds or thousands of dollars in cash within hours. With an auto title loan, a lender will let you borrow up to the market value of your car, truck or SUV. Let's take a look at the benefits of a title loan and how you can apply.

How Title Loans in De Pere Can Help You

Obtaining a title loan can be helpful in a variety of different ways. First, you don't need to sell your vehicle or liquidate other assets to get the money. Second, the value of the loan is determined by the value of your vehicle, which means that you have a good idea of how much you can borrow starting the application process. Finally, the interest rate on a title loan is much lower than that of a payday or other cash advance loan. Therefore, more of each payment goes toward getting yourself debt-free as opposed to finance charges.

Applying for Title Loans in De Pere Is Easy

Applying for title loans in De Pere requires nothing more than a computer or mobile device that has access to the internet. In a matter of minutes, you can complete the application and send your loan request to the lender for approval. If may be possible to save your information when applying for title loans online to make it even faster and easier to request funds in the future. It is important to note that once a loan is paid off, you can use the same vehicle to secure your next loan.

How Is My Car's Market Value Determined?

The value of Wisconsin title loans are largely determined by how much your vehicle is worth. Generally speaking, the value of your vehicle is determined by its age, mileage and whether there are dents, dings or scratches on the exterior. If there are any mechanical issues with a vehicle, it will be worth less than one that is in good condition.

It may be possible to get a car title loan estimate prior to applying for a loan. It can also be a good idea to look up your car's value online prior to applying. Generally, title loan companies will allow you to borrow anywhere from 40 to 50 percent of what a car or truck is worth. Therefore, those looking for Green Bay title loans using a $10,000 vehicle as collateral could expect to receive anywhere from $4,000 to $5,000.

What to Know About Title Loan Laws

There are no limits to the amount of interest that a lender can charge on title loans in De Pere. There is a limit to how much a person can borrow. State law prohibits borrowers from taking loans for more than $25,000 at a time. Furthermore, state law limits the amount of a loan to 50 percent of a vehicle's value.

The good news is that most car title loans in De Pere are for less than $25,000, which means that the law generally won't impact you. Those who are seeking vehicle title loans in Wisconsin should know that there is loan term limit of six months. As a general rule, auto title loans are repaid within 30 days.

However, the six month limit can help you in the event that you can't repay the loan by the end of 30 days. It may also be possible to refinance this type of loan to avoid paying late fees or other costs associated with rolling the balance over for another 30 days.

What Happens to the Title During the Loan Term?

When your loan application is approved, the lender will take possession of the title. After the amount borrowed is repaid with interest, the title is returned to you within a few business days. If you don't know where your title is, it may be possible to get another copy from a local DMV.

In the event that a lender has a lien on the title, a title loan company may be able to pay that balance off. This amount is deducted from the proceeds that you were approved to receive. While this may reduce the amount that you can borrow, the title will be free and clear of all liens once the title lender has been repaid in full.

If you are interested in a title loan, feel free to start the application process right now. Customer service representatives are available at all times to answer your questions either over the phone or through an online chat.