What are your options when you have bills to pay but don’t have enough money? Many people find that a vehicle title pawn is a better option than bank financing to quickly get money. There are many reasons why car title pawns are so popular with Jacksonville residents.
They can provide you with the money you need to pay unexpected expenses or increase your monthly budget. They are easy to apply for and can often be approved in under 30 minutes. They can be a better option than traditional bank financing.
Here’s a quick comparison between car title pawns and bank financing. It might be worth considering the former.
What is a Car Title Pawn?
A typical financing process involves a lot of paperwork, documentation, collateral, and waiting. When you apply for financing from a bank, this is often the case.
A car title pawn however follows a different protocol.
Title pawns can be used to cover unexpected expenses, short-term needs, and periods between jobs.
Your vehicle’s equity is what the lender uses to determine how much money you can borrow. While most title pawn lenders require clear title lien, Jacksonville Title may allow you to borrow money based upon the equity in your vehicle. We don’t require any credit checks or proof that you are employed to approve you for the pawn. You may be eligible for more money if you’re employed and earn at least $1000 per month.
After approval, your payment will be due in 30 days. Jacksonville Title could also offer a title pawn with no interest for a period of 30 days. After the full amount is repaid, you will receive your car title back.
The best part is that you can keep your vehicle and use it while you repay the pawn. Reputable lenders like at one of our two branches aim to get money in your hands in as little time as possible. This is a time frame that’s unmatched by any bank financing option.
We use your car and car title as collateral so there are no credit checks and proof of employment may not be required depending on the amount of your pawn and the pawn equity of your vehicle. We may ask you to provide recent proof of income to qualify for a higher amount.
It is easy to qualify for a car title-pawn. You only need to be 18 years old or older and have a valid driver’s license, proof that you reside in the area serviced by Jacksonville Title, and a vehicle title in your name.
Tailored Pawn Funds
After your application has been approved, we will determine the pawn amount according to the vehicle’s value. Our pawn amounts can range from $200 to $5,000 possibly more depending on the condition of your vehicle.
We go over the pawn terms with you before you sign the paperwork. This is to make sure you fully understand the repayment plan.
No Pre-Payment Penalties
We don’t charge any early payment penalties, which is the best part. We don’t hold you responsible if you pay your car title pawn off early.
Where Can I Get a Car Title Pawn Near Jacksonville, FL
If you’re ready to think outside the bank financing options, a car title pawn could be in your best interest. It’s fast and easy to qualify for, and you get to keep your car while you’re repaying the pawn.
Get started with the online application today, and Jacksonville Title may be able to get you the money that you need when you need it. If you have any questions, please don’t hesitate to contact us. Jacksonville East Location (904-880-2274) and Jacksonville West Location (904-353-2274).