Car Title Loans In Los Angeles - How They Work

A car title loan from California Title Loans can be an efficient way to borrow cash when you can't qualify for a traditional unsecured loan. Here in Los Angeles, you can apply online and get an instant funding decision based on your vehicle's value and ability to repay the loan. Loan amounts in LA start at $2,500; some customers can qualify for loan amounts of nearly $10,000 with well qualified cars and trucks that are fully paid off. The cash you receive is secured by your vehicle, and some customers can use 50% or more of their vehicle's equity as collateral.

One of the best selling points of these loans is that you don't need excellent credit to get approved. Many of our customers have FICO scores under 650, which is why a title loan can be so effective when you need instant cash. Instead of using your credit score to underwrite a loan, we focus on the equity in your vehicle!

Car Title loans are available from many lenders in Los Angeles, so it's best to shop around and get multiple quotes and payment options with local companies. Anytime you apply with a lender in person, you'll have the chance to get your funds that same day, and you should feel more comfortable working with a local company in Southern California.


What Are The Requirements

To process your application for a car title loan in Los Angeles, we'll need your car's title, income verification, and driver's license. Some companies will also request comprehensive insurance coverage, information about the most recent smog check, and vehicle registration in CA.

California Title Loans can take your application online or over the phone at 855-339-1001, and it takes 30 minutes to get a quote with an estimated loan amount, APR, and repayment terms. The last step is to inspect the car or truck, which can occur at any licensed inspection office in LA County. Do you live in Hollywood or Santa Monica? If so, you should have no issues finding a local inspection location! Upon passing the vehicle inspection and signing the loan documents, money can be sent straight to your checking account through direct deposit or picked up in person anywhere in SoCal.


Credit Requirements For A Los Angeles Title Loan

People sometimes think you need good credit to get a car title loan. That's typically the case with unsecured loans, but title loans offer a chance to borrow $3,000 or more without much of a credit check or lengthy processing timeframe! When you apply with California Title Loans, we'll verify your identity, confirm your vehicle details, and review your recent borrowing history. Even if you've missed some recent payments, you should have no issues qualifying for a title loan in Los Angeles.

What's more important than your credit score is the amount of equity you have in your vehicle. The car's value will far outweigh your FICO score, and anyone with a newer car that's entirely paid off should be able to qualify for a bad credit title loan!


Bunker Hill in Downtown Los Angeles


Loan Amounts In Los Angeles

Funding for online car title loans depends on your car's comparable resale value and monthly income. To determine your car's or truck's worth, seek an appraisal from a licensed dealer or submit your odometer reading and VIN online to get a same day vehicle valuation and quote.

Once you estimate your vehicle's value, you can apply for car title loans in Los Angeles. Licensed lenders will loan you up to 50% of your car's value, but there are circumstances where you can see 70% or higher! That means a car or SUV valued at $5,000 could lead to $3,000 or more funding. In some parts of California, funding amounts can approach $15,000.

Gather your vehicle information and contact the customer service agents at California Title Loans. We'll work to get you an initial estimate within 15 minutes!


What are the interest rates for car title loans in LA?

The rates and terms depend on your lender's individual lending limits and other underwriting requirements, but most title loans in Los Angeles range from 6 months to 3 years. Some companies offer repayment terms of longer than three years. But at that point, repaying the balance with the compounding interest charges becomes difficult.

In Los Angeles, interest rates range from 25% to 36%, and some companies will offer rates above 36% for loans over $10,000.

Your APR will be higher than what's typical with unsecured lenders. A title loan is high risk; most companies don't check credit and instead focus on the vehicle's collateral. But even though the rates are higher, secured loans can be a decent choice for someone who can't be approved for personal loans and those looking for higher loan amounts.


Consider A Refinance Or Buyout With California Title Loans

Do you have a car title loan with another company offering title loans in Orange County or LA? Or are you trying to get new terms and payment options for your existing loan? You may want to consider a refinance or buyout with California Title Loans.

Qualify for a title refinance with a lower monthly payment or a more manageable interest rate. A buyout is when a new lender pays off the existing loan, and you start making payments. Whatever route you choose, it's best to see if you can improve your rates and get a quicker payoff.


Apply For A Loan In LA With California Title Loans

We offer access to cash for anyone with a paid off vehicle, whether you live in Culver City, Hollywood, or Crenshaw! Get qualified today with your vehicle's title and residency verification! Apply online or call 855-339-1001 for a same-day title loan in Los Angeles, CA!


Other Locations Offering Title Loans In California: