Title Loans in Sun Prairie, WI

For most people, every time they need assistance there always seems to be a lot of bureaucracy involved whether it's going to social services, the bank or even a non-profit organization. Maybe that's you and you're in a situation where you may not need a large amount of cash, but a few hundred or a few thousand dollars might be able to pay some current bills you have. Perhaps you wish that getting a hardship loan for your situation was as easy as just filling out an online application and a few basic documents. Well you might be surprised to learn that if you completely own a vehicle, you can get such a loan through our vehicle title loans in Sun Prairie WI.

Car Title Loans In Sun Prairie Are Determined By Your Vehicle's Market Price

One of the reasons why car title loans in Sun Prairie are preferred over bank loans and payday loans are because they allow for a fairly flexible way to borrow money from the equity in your vehicle, similarly to a home equity loan. What happens is your vehicle is appraised and you can borrow up to 50 % of what it's currently worth. According to laws governing car title loans in Wisconsin, you can borrow up to $25,000 depending on the condition of your vehicle. But most car title loans are issued for about $500 to $2,000 contingent on a vehicle inspection to make sure it's in good shape.

You Must Own Your Vehicle Clear To Be Approved For Car Title Loans In Sun Prairie

In order for you to take out a loan against your vehicle, you cannot be currently making payments on it to the dealer or have a lien of any kind on it. If there is a lien on your vehicle, usually the lienholder will keep the title until your obligation to them has been satisfied, though in some cases you might be given a copy of it where it will be marked as having a lien on it. Because we need to be able to put a lien on your vehicle and hold the title to issue you your funds, you'll need to make sure your title reflects your ownership and pay off any outstanding balances prior to coming to our car title loans in Madison store. If you have satisfied the lien but it hasn't been removed yet, you may need to visit the DMV.

No Credit Check To Apply For Our Car Title Loans

One of the biggest benefits to our car title loans in Sun Prairie is you do not need to have great credit to get approved for a loan. Your vehicle equity offsets risk to the lender and since car title loans are secured loans, checking credit to apply is not necessary. We also do not ask what you plan to do with your car title loan money so however much of it you spend will not affect your credit score in any way.

You Can Still Drive Your Vehicle When You Use A Title Loan

Sometimes people are misinformed about what it means to use their vehicle as collateral in a title loan. With our vehicle title loans in Sun Prairie, we do not keep your vehicle when you take out a loan against it. We only need to keep the title to it and we do so by storing that document in a highly secure location. We understand that you probably need your vehicle to commute to work or to run errands around town, and you are free to keep driving your vehicle as usual or even take it on vacation during the term of your title loan. You will have to make sure you make your payments as planned while using it.

Applying For Our Wisconsin Title Loans

It's pretty simple to get started using our online title loans page. Completing an online application first makes the visit to our store quicker. What you'll do is fill out the form detailing the following:

• Vehicle make
• Vehicle model
• Vehicle year
• Vehicle mileage

Our auto title loan estimate tool will give you an idea for how much your vehicle is worth. But the final amount is determined after you bring it to our store. An appointment will be setup to visit the Madison, WI store at your earliest convenience, but you will also need the following with you when you visit:

• A photo ID which must be government-issued and confirm your age is at least 18.
• Your official DMV-issued vehicle title.

Once it's been determined your documents are in order and your vehicle passes inspection, you will be notified of your approval shortly.