Auto Title Loans In Washington

Car Title Loans 123 is here to help you get a same day loan in Washington. Most people struggle to find a lender offering high loan amounts with quick payments, and you'll likely be denied with a poor credit score. Because of that, it's great to know just how easy it is to use your vehicle as collateral for a loan. A car title loan is great for anyone who owns a lien free vehicle valued at $6,000 or more, as your car's equity is the main requirement.

Borrow up to $15,000 from a title loan lender and get your money in 24 hours or less! Get approved with little to no credit history, and we also offer title loans on commercial trucks and motorcycles in WA!

What Are The Requirements For Title Loans In Washington?

You must own the car outright and have the title in your name. The vehicle title must be clear of any liens, and you can't have any additional loans attached.

You must live in Washington State. Some Seattle title loan companies will allow you to reside in other states, but the vehicle must be titled in Washington.

You need proof of verifiable income. That way, the required monthly payments are made on time with no delay. Verify income with pay stubs from an employer or bank statements.

Your vehicle can not be more than 15 years old. Older cars with 100k+ mileage are tough to get qualified as they're not worth as much and, therefore, have limited equity.

You must show proof of registration and insurance. All cars and trucks need active registration from the Washington Department of Licensing and full insurance coverage on your vehicle.

Interest Rates For Title Loans In WA

Rates for online title loans vary depending on the lender, but they are often lower than rates for unsecured payday loans. Expect to pay around 30% monthly interest on a car title loan. That may not seem too bad, and it's not if you plan on paying off the entire loan amount early. Compare these rates to a cash advance company that charges monthly rates of 45% or more! But keep in mind that the interest rates for title loans in Washington are high and can approach 100% over a calendar year. Considering these high rates, it's best to choose a title loan company that offers pre-payment options on your loan with no penalties.

How Long Do I Have To Pay Back My Title Loan In Washington?

Repayment terms for a title loan depend on the loan amount and your desired monthly payment. You can typically expect a repayment term of 12 to 48 months with any title loan company in WA. Some companies will even go longer than 48 months if you borrow more than $10,000 and need a lower monthly payment. Pay off the loan sooner, as that will save you money in interest payments, and most importantly, you will get your car's title back when the loan is fully paid off.

Are you in danger of missing an upcoming payment and defaulting on your title loan? If so, there's no reason your vehicle should be repossessed if you act early. Contact Car Title Loans 123 to learn more about how we can help to refinance your vehicle with a lower monthly payment and improved repayment terms. Even if you're already behind on the payments, there's no risk in contacting us to see if we can help to avoid a repossession!

Can I Get A Vehicle Title Loan In Washington With Bad Credit?

You can still get a title loan with bad credit in Washington. Car title loans are secured loans, and because of that, the lenders are more lenient regarding credit scores. You may have to pay a higher interest rate but will likely get approved for a loan. The other thing that works in your favor is having a vehicle to use as collateral. The lender knows they can take possession of the car if you stop making payments. The fact that they can repossess a vehicle will often make them feel more comfortable giving you a title loan for poor credit or no credit history.

Can I Refinance My Existing Title Loan In Washington

Yes, you can refinance your existing title loan in Washington. By refinancing, you can effectively get a new repayment term and lower your current loan's monthly payment and APR.

Another benefit of a title loan refinance is getting back to current on your payments if you fell behind for some reason with your original lender. Perhaps the monthly payment was too high, or you missed a due date here and there. Refining an existing car title loan in Washington will reset the financing terms and get things back on track.

Find A Local Secured Lender In Seattle

Anyone looking for title loans in Seattle should be able to get cash that same day if they apply with a direct lender in their neighborhood.

It can take 1 to 2 days for a finance company to wire or send cash to your bank account through direct deposit. However, a local title loan lender that allows you to meet with them can offer same day approval with the option to pick up your money in person. Getting cash in person is easy as sending in your documents, completing an inspection and signing your loan docs!  So anyone looking for title loans in Seattle can apply and get their payout quickly in King County, WA!

Contact Car Title Loans 123 anytime to apply for a title loan in Washington. Fill out our online form or call us at 844-567-5011, and we'll do our best to get you the cash you need with no hassle!