Bakersfield is a great place to live, but like most cities in California, it can be expensive to get by and pay for daily expenses. Because of that, some people turn to car title loans when they need to pay for things that they otherwise can’t afford.
With a car title loan in Bakersfield, you can get up to $15,000 cash without having to undergo a credit check and most lenders can provide cash within one business day. All you need is a car with a clear title and you can use it as collateral for the loan. The loan terms are typically between 6 and 24 months, and you’ll have to make regular monthly payments throughout the duration of the loan.
If you’re considering a car title loan in Bakersfield, CA, here are a few things to keep in mind:
– You’ll need to have a clear title for your car. This means that you can’t have any outstanding loans or liens against your vehicle and the car needs to be entirely paid off.
– The amount of money you can borrow will depend on the car’s resale value. Typically, you can borrow up to 50% of the worth of your vehicle with a title loan in Bakersfield, CA.
– You’ll need to make regular monthly payments on your loan, and if you miss a payment, you could risk losing your car. A car title loan repossession is what occurs when you default on the amount due.
– Car title loans typically have high interest rates, so you should only borrow what you need and be sure that you can repay the loan on time.
Am I Eligible For Online Title Loans In Bakersfield With Bad Credit?
Online title loans in Bakersfield are available to anyone with a clear title for their vehicle, regardless of their credit score. So, even if you have bad credit or no credit at all, you can still qualify for a title loan. That’s one of the benefits of using your car as collateral for the loan – the lender is primarily focused on the car’s equity, not your credit history.
While a finance company may still run a standard credit check, they’re mostly looking for any active bankruptcies. As long as you don’t currently have any open bankruptcies, you should be able to qualify for an online title loan in Bakersfield.
What Are The Requirements For A Title Loan In Bakersfield, California?
The requirements for a title loan in Bakersfield are pretty simple – all you need is a car with a clear title and a source of income. That’s it! You don’t even need to have a job, as long as you can prove that you have another source of income, like disability benefits or retirement funds.
As long as you can meet those two requirements, you should be able to qualify for a title loan with no inspection in Bakersfield, CA. In some scenarios, a lender may require or ask for additional information, but that’s usually on a case-by-case basis.
What’s A Typical Funding Amount For Auto Title Loans In Bakersfield
You can borrow up to $15,000 with high value car title loans in Bakersfield. Typically, you can borrow up to 50% of your car’s total value, but this will vary from lender to lender and ultimately the funding amount comes down to what your car is worth.
For example, if your car is worth $10,000, you could potentially borrow up to $5,000 with a title loan in Bakersfield. However, if your car is only worth $3,000, then you would only be able to borrow up to $1,500.
There are a few different ways to check your car’s value in California. One way is to look online and get different price points from services that assess the car’s price based on local sales. For those who live in Bakersfield, you can meet with a local auto dealer and get a real time quote or estimate for the car’s value.
Can I Keep Driving My Car With A Bakersfield Title Loan
Yes! One of the great things about title loans in Bakersfield is that you can keep driving your car even after you’ve taken out the loan. The lender will place a lien on your car title and retain possession of the pink slip, but other than that, you’re free to use your vehicle however you’d like.
This is one of the main reasons why title loans are such a popular option for those in need of quick cash – they’re fast and convenient, and you don’t have to give up your car to get the money you need.
What Are The Lending Terms For A Vehicle Title Loan In Bakersfield, CA?
The payments terms for car title loans in Bakersfield will vary depending on the lender, but typically anyone in Kern County can expect to have a loan term of a few months to a few years and the best part is you can work with the lending agent to determine the monthly payment.
However, some title loan companies may offer extended terms for those who need more time to repay the loan. The longer the loan term, the higher the interest rate will be. Because of that, you will want to find a company that allows early payments and doesn’t charge a pre-payment penalty.
It’s important to keep in mind that title loans with no job are meant to be short-term solutions, so it’s best not to borrow more than you need and to make sure you can repay the loan on time.
How To Apply Today For Auto Title Loans In Bakersfield?
If you’re ready to apply for title loans in Bakersfield, the process is quick and easy. You can start by contacting us at 1-855-339-1001 or filling out the California Title Loans online application. Once we have your information, one of our underwriting specialists will work with you to determine how much money you can qualify for and answer any questions you have about the title loan process.
We will work to get you the cash you need within 24 hours, so you don’t have to worry about waiting around for days to get approved for the cash you need today! So what are you waiting for? Apply today and get the cash you need fast!