Getting approved for car title loans is the easiest part of the loan process. The most important part of the loan process is for you to repay your loan according to the terms of your contract.
After you sign your loan agreement, your vehicle will be used as collateral to secure the loan. This means that Daytona Beach Title Solutions will register a short-term lien on your car, truck, SUV or motorcycle until you repay the loan.
The lien provides our company with a financial interest in your vehicle. However, the lien doesn't give our company full ownership rights to your vehicle. Your name will remain on the title as the registered owner of the vehicle.
If Florida, title lenders must provide each customer with a written copy of the loan contract. The contract must provide details about the length of the loans and repayment terms.
Throughout the life of the loan, you'll be required to pay your installments to our company on time. Most contracts for title loans Daytona Beach don't have provisions for grace periods. Failure to repay your loan could result in loss of ownership of your vehicle.
Before you sign a loan contract, it's important for you to know the pros and cons of getting these types of short-term loans. Learning about title loans will help you have a successful car title loan experience.
Our simple application process makes it easy for you to get approved for a loan. For rapid assistance, complete an online application today.
With that, we can determine your title loan estimate, which we base on the current market value of your car under the assumption that it’s in good condition. We will also tell a friendly Broadmoor Title Lending representative to contact you as soon as they can and answer any questions you have about title loans. They can set up a time for you to visit and pick up your loan.
Many borrowers wonder what they’ll need to bring with them to get a title loan. Unlike bank loans, title loans don’t require you to dig up old financial documents, tax returns and paystubs. All we need you to bring is your government-issued ID, your car and the title to it. We check the ID to verify your age and the car to see what kind of condition it’s in. During the term of your title loan, we need to hang on to your car title, and once you’ve repaid your loan, you get that title back.