Pawning Your Vehicle Vs. Car Title Loans
January 20, 2020
It's never good to find yourself in need of money for an emergency, but it's even worse when you have no way to get the money you need. It's not always convenient or possible to borrow from family and friends (and sometimes not wise), and you may be one of the many Americans who don't have great credit and can't get a loan from a bank. Needing money for bills you didn't know about or just to put food on the table for your family can cause people to do desperate things. One of the things that people do in times like these is turn to pawn shops. A pawn shop will give you money in return for something of value, then they will hold what you give them for a specified amount of time. If for some reason you're late paying back the money, the pawn shop will sell what you gave them and not only get the money back, but make a very large profit as well. This is because a pawn shop will only give you a tiny fraction of what your item is worth. In fact, many people rarely get the money they need when they pawn an item and will often have to pawn a few items to get the money they need. Let's take a look at pawning your vehicle vs. Car title loans
, which is another option for getting the money you need fast.
Why Not Pawn Your Vehicle Instead of Getting a Car Title Loan?
As we mentioned, a pawn shop will not give you nearly what your vehicle is worth. In fact, they will often give you half the value of the vehicle if possible. That's not all. You will be required to leave your vehicle with the pawn shop until you pay back the money you borrow. This is an inconvenience for many consumers and not reasonable. Without your vehicle, you can't even get to work, which means you stand a chance of not being able to pay back the money to the pawn shop. When this happens, they will sell your car to get back their money. They will make a very healthy profit and you will be without your car, further putting stress in your life. A pawn shop doesn't have to let you know they are selling your vehicle and they don't need to wait to do it. The minute you don't make it in to pay back the money, a pawn shop can (and most will) sell your car. Don't forget, when you pay a pawn shop back money you borrow, you are paying it all back at once, not in easy payments. This can make it even harder to pay that money back, again putting you at risk of losing your car.
With a car title loan company like Quick Cash Auto Loans, we inspect your car and base your loan amount on the value of your car. We also won't ask you to leave your vehicle with us to qualify for a loan. We know how stressful that can be. You will still be able to get to work, go to the store, or do anything else you need your vehicle to do. The last thing we want to do is add more stress to your life by holding on to your car. All we need to hold on to is the title of your car, which you get back as soon as you pay your loan.
Speaking of paying back your loan, we don't demand the money back all at once. At Quick Cash Auto Loans, we give you plenty of time to pay back your loan. In fact, we offer loans for up to 12 months, although you can always pay your loan off at any time without penalties. Our goal is always to make it convenient for you.
Quick Cash Auto Loans, like other legitimate car title companies, is not in the business of selling cars. The last thing we ever want to do is sell y our vehicle. We are a consumer finance company licensed in the State of Florida under Statute 516, dedicated to helping consumers who need money fast and wish to avoid the long process of applying for a loan at other financial institutions. We provide an immediate solution that allows you to get the money you need typically within 30 minutes of applying and meeting the minimal qualifications. There is absolutely no credit check, so we aren't worried about bad credit, and we also won't ask you why you need the money. What you use the loan for is your business. All you need to do is supply a few documents (proof of residency, proof of income, government I.D., etc.) and a vehicle title that doesn't have a lien on it. That's really all there is to it. We will take a look at your vehicle to make sure it's exactly what you say it is, then we will discuss your loan amount with you and get you the money.
Don't risk losing your vehicle to a pawn shop. The risks are too high. Quick Cash Auto Loans is the number one car title loan in Florida. You can apply for a car title loan by filling out the form here on our website, calling us at (786) 600-3411
, or even by coming to our office. We have licensed loan experts who are ready to help you get the money you need when you need it. We have the best customer service in the business and look forward to helping you meet your financial obligations with a loan today.
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