Car Title Loans In Oklahoma - What You Need To Know

Car Title Loans 123 has offered access to auto title loans in Oklahoma for nearly a decade, and you can qualify for $1,000 or more using the equity from your vehicle as collateral. The best part about these secured loans is that you don't need excellent credit to qualify! Some lenders won't even run a credit check and those that do, are mostly focused on your recent lending history, not your FICO score.

Borrow up to $15,000 with a car title loan in Oklahoma and get your cash within 24 hours when you apply with Car Title Loans 123 online or over the phone at 844-567-5011. Continue reading to learn about what's required and how the lending process for Oklahoma title loans works.

Loan Amounts For Title Loans In Oklahoma

Title loan amounts in Oklahoma depend on the car's resale value and your underwriting criteria. Typically, loan amounts range from $500 to $15,000 in OK. You should be able to borrow 30% to 55% of the vehicle's resale value, and some companies will let you borrow more if you bring the car in for inspection.

A newer car will be worth more and have more equity than an older car with high mileage. But don't count out older vehicles or even those with high mileage. If you're only looking to borrow a few hundred dollars, a car title loan can be an option for a vehicle valued at $2,000 or less.

Interest Rates For Oklahoma Title Loans

In Oklahoma, car title loans have interest rates approaching 150%, with an average monthly APR of around 30%. Repay your loan quickly to avoid excessive interest charges at the end of the repayment term, and only work with a lender that doesn't charge a prepayment penalty.

Are you looking to reduce the interest rate on an existing car title loan? As of 2024, some companies in Oklahoma City and Tulsa offer title loan refinancing options that can lead to your APR being cut in half. That means you can save a considerable amount on interest payments and cut your repayment term in half. All it takes is a few hours to see if you qualify for a refinance, and Car Title Loans 123 will get you a quick estimate when you apply with us online or over the phone at 844-567-5001!

Repayment Terms For A Title Loan In Oklahoma?

Title loan repayment terms in OK vary depending on the lender and your specific financing terms and schedule. Because of that, we recommend first getting an estimate of payment terms and interest rates using a car title loan calculator.

Most companies offer repayment terms between 12 and 36 months, but some may offer longer terms if you want to borrow more than $10,000. For applicants in Oklahoma City or Tulsa, it's best to shop around and get multiple quotes from local direct lenders. Use your leverage to negotiate a lower APR and more favorable repayment terms.

Keep Driving Your Vehicle With An Oklahoma Title Loan

You can continue driving your vehicle while making the monthly payments on time. The car's pink slip is used as collateral, not the vehicle itself! There's no requirement for the lender to hold your car as security. You can only lose your vehicle if you default on the monthly payments. In this scenario, a title loan company can repossess your vehicle after a certain time.

Apply Online With Title Loan Companies In Oklahoma

Start your application online with Car Title Loans 123 or call 844-567-5011. You can also visit a neighborhood lender in Oklahoma City, Norman, or Tulsa to get your loan underwritten in person.

It may take longer to complete an application with a local lender. But you may be able to complete the application, have your vehicle inspected, and get your cash in just one visit!

Other Benefits Of Car Title Loans In Oklahoma

- Get cash quickly. Apply online with Car Title Loans 123 and get your funds through direct deposit in hours!

- Use a salvage vehicle or one with a rebuilt title as collateral for your loan. As long as there's enough equity, you can still qualify for a title loan!

Title loans in Oklahoma have a fixed APR, which means you know how much interest you'll pay over the life of the loan.

- Repay your loan early with no pre-payment penalties. Unlike unsecured loans, a car title loan can be paid off anytime, saving you thousands in interest charges.

Apply online or call Car Title Loans 123 to discuss your options over the phone. Contact us at 844-567-5011 to borrow $1,000 or more with an auto title loan in Oklahoma!