Yes, the state sets the maximum interest rate that can be charged. In many cases, Easy Auto Title Loans Santa Monica offers a reduced rate to customers on their second or third loan.
How much can I borrow?
This can vary. The amount of the approved loan will depend on the current wholesale value of your vehicle. Other factors that are taken into consideration are the year, make, model, and condition of the vehicle.
Do I need to have proof of employment, and or, good credit?
No, you do not have to be currently employed, however you will need to provide a verifiable source of monthly income such as Social Security Income, Retirement or Pension, etc.
Will getting a loan affect my ownership of my vehicle?
No. It is your vehicle and you drive it while you have the loan. Your title will be returned to you when the loan is paid off.
How long does it take to find out if I’m approved?
Usually within 24 hours, we can have the cash in your hands!
Could my car be too old?
Anyone who owns their vehicle fully can apply. However, it can depend greatly on the make, model and condition of the vehicle. In many cases if the vehicle is over 10 years old, it will not be approved. If you’re in the area you can also stop by our local office to learn more.
How long of a loan can I take out?
It will depend on the amount that you borrow and your income. However, 3 years is usually the maximum.
Am I allowed to pay of the loan early without any crazy fees?
Absolutely! We encourage you to pay off your loan early. There will never be any penalties or hidden fees if you choose to pay off your loan early.