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The requirements for taking out a title auto loan are, being the age of 18 or older, the auto vehicle must not have financial dues, and must provide valid proof of vehicle ownership.

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14y ago

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How do I go about getting a title loan so I can make a mortgage payment?

You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.


What are the requirements for obtaining an auto loan with a cosigner?

To obtain an auto loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if the primary borrower fails to make payments.


Can they take your car with the new law auto title loans?

I'm not sure what a "new law auto title loan" is, but basically, if you are using your car as collateral for a loan, yes they can take it if you fail to make payments on time. This should be pretty explicitly spelled out in the paperwork.


Do auto cash title loans put a lien against your car?

Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.


If I take an auto title loan can I keep my car?

Yes. However, if you default on your loan, they are legally entitled to repossess and sell it. Always be careful before committing to anything!


When a cosigner is needed to obtain an auto loan do he need to be on the title?

I am able to take a loan out against my vehicle and have a co-signer and was told by the bank that this does not mean that my co-signer can have my vehicle nor their name on the title but just that they get to repay the loan if I do not. I hope this leads you in some direction.


Can you take out a loan on a car with no title?

No u have to have a title.


Is it common to take out a 60 month car loan?

Yes it is common. The concept behind a 60 month auto loan is a very simple one: a person has sixty months or five years to pay off the auto loan. This means that a borrower has to make 60 payments before they get title to the car. Under a normal loan arrangement, the lender keeps the title to the car. This enables the lender to repossess or take back the car if the payments are not made.


If you refinance a home mortgage and the new lender rolls your existing auto loan into the new home loan do you receive the title of the car since the original auto loan no longer exists?

Your info was a little sketchy but I will assume the new loan was used to pay off your existing debt on the car which, providing there are no other liens on the vehicle, will allow you to receive the title. I am assuming you have a vehicle loan agreement that is marked PAID. Receiving the actual title can take some time depending on your state.


Can you take out an auto title loan if the car is yours but is under your dads name?

no. because, you have to have him go with you. your names not on it? then you can't. sorry. hope i helped. =]shelbyyy


What is the collateral for an auto loan and how does it work?

The collateral for an auto loan is the vehicle itself. When you take out an auto loan, the lender uses the vehicle as security in case you are unable to repay the loan. If you default on the loan, the lender can repossess the vehicle to recoup their losses.


Will a bank help you take out car loans?

Auto Loans - Save time and money with an auto loan from Capital One. Apply for auto loans online in minutes and lock in our competitive auto loan rates.Looking for an auto loan calculator? Bankrate provides car loan and auto loan calculators to help with your buying decision.