Cash Out Equity From Your Motorcycle

Fast Approval For A Title Loan On A Motorcycle

California Title Loans now offers title loans on motorcycles without a credit check. You can submit your application online or by calling 855-339-1001 and get a funding decision in less than 10 minutes!

Anyone who owns a motorcycle can apply for a title loan, and you don't need excellent credit or much of a credit history; most title loan companies offer loans based on 40% to 55% of the bike's resale value! Some lenders provide higher percentages if you commit to an in-person inspection to verify the motorcycle's value. Funding amounts come in at $2,500 to $10,000 in California, and some customers can borrow more with bikes valued at $15,000+!

When you have a lien free motorcycle, you don't need to use a car or other secured asset as collateral for a vehicle equity loan. We take all types of bikes as collateral, and you can keep your bike while you pay off the loan. Do you still need to make more payments to pay off your original lender? We can sometimes help you with an online title loan even if the motorcycle isn't completely paid off! Contact us, and we'll see if any company is willing to buy out your existing loan!

Motorcycle title loans are easy to get, and any make or model can be used as collateral, including Harley Davidson, Honda, BMW, and Suzuki bikes, to name a few. The same applies to motorbikes, including scooters, mopeds, off-road bikes, and 4-wheelers. If your bike is paid off and worth over $4,000, California Title Loans can get you a loan based on 40% or more of the equity available in your motorcycle. Call us at 855-339-1001 to determine your bike's value, and we'll get you a no-obligation quote in minutes!

Requirements For A Same Day Motorcycle Title Loan

Requirements vary by lender, but most California title loan companies require a paid off motorcycle and proof of income. Here's what else you need to qualify:

- A Class M1 or M2 license issued by the CA DMV.

- The motorcycle must be registered in your name, and the title must be free of liens and cosigners.

- You need proof of insurance covering the bike's replacement cost and liability coverage of at least $15,000.

- We need proof that you're a California resident. 

- Loan amounts for a motorcycle title loan are lower than those for cars and trucks, but we still must verify your income with bank statements, employment information, or government records.

Apply For A Motorcycle Title Loan Online

Call California Title Loans at 855-339-1001 or apply online to see how much money you can borrow using a motorcycle as collateral. We need to know your bike's year, make, and model to get you a pre-approval quote showing your estimated loan amount and repayment term.

In some cases, California Title Loans will broker your loan to a local lender, and you may qualify for funding that same day through direct deposit or a money order.

After your contract is drawn up, you must take your bike in for a quick inspection. Your lender will inspect the motorcycle for damage and confirm the current mileage and VIN. After all that, you'll be on your way to getting cash in hand for your bike equity!

What Else To Know About Title Loans On A Motorcycle

- Work with a title loan company that allows early payoffs of your loan with no penalty. The more you pay each month, the quicker you can pay off the loan. You can save thousands on interest payments by paying off your loan a few months earlier!

- The interest rate for motorcycle title loans is high. In California, title loan interest rates are capped at 36%, as most loans are offered for under $10,000. But even with an interest rate of around 30%, it can be challenging to repay the loan unless you're making double or triple the monthly payment.

- Stay current on the monthly payments to avoid having your motorcycle repossessed. There's always a risk of defaulting and having your bike sold at auction. Contact your lender if you can't afford the payments and negotiate a new payment term, or ask them if they can refinance to a lower interest rate and monthly payment.

Payment Terms For A Motorcycle Title Loan

Lenders in California are flexible when it comes to determining your payoff term with a motorcycle title loan. Some customers opt for a quick payoff term of just a few months when they take out an emergency title loan. Others stretch the repayment term to 48 or even 60 months if they need the lowest monthly payment possible. Your payment term is primarily up to you, and most motorcycle title loans under 10k will last between 2 and 3 years.

The benefits of using a motorcycle as collateral for a loan:

California Title Loans offers a quick and easy application process, with most approvals and underwriting taking less than 24 hours. Do you have a motorcycle titled in your name with income verification? Those are the main requirements, and if you have all the documents, we can get you pre-approved quickly!

- Get the cash you need fast by meeting with us to complete the bike inspection. There's no need to wait days for a formal inspection. Go to any lending location in California, and you can pick up the funds just minutes after the inspection and sign over the bike's pink slip. Some inspection locations in Los Angeles, Riverside, and San Diego offer a full underwriting and inspection process where you can complete everything in less than 30 minutes!

There's typically no credit check for a title loan on a motorcycle, so even those with bad credit can get approved! We may run your credit to look for bankruptcies or significant loan defaults, but typical late payments and high debt-to-income issues will not be an issue. If you have a paid off bike, you should qualify for a motorcycle title loan regardless of your credit history.

Apply With California Title Loans

A title loan on your motorcycle can be a great way to get emergency cash compared to other personal loan options that take days or weeks for approval. Here at California Title Loans, we'll take your application online or over the phone, and there's no need to wait for funding when you can get your loan proceeds in one business day through direct deposit or money order. Call us at 855-339-1001 to see how much you can borrow with your motorcycle as collateral!