An auto title loan is a secured loan using the title of your vehicle as collateral. With an auto title loan, you can receive the cash you need and still drive your car. If you need cash fast, apply for an auto loan now Fill out the “Get Started Today” web form today!
To obtain an auto title loan, you will need:
Yes, proof of employment is required in order to obtain an auto title loan. If you are self-employed, or if you are receiving government benefits, two current bank statements can be accepted as proof of income.
We can approve your loan within a matter of minutes. Our storefront loans take 25 minutes from start to finish. The online loan process is also funded same day.
The maximum interest rate shall be 30 percent per annum, computed on the first $3,000 of the principal amount as computed from time to time; 24 percent per annum on that part of the principal amount as computed from time to time exceeding $3,001 and not exceeding $4,000; and 18 percent per annum on that part of the principal amount as computed from time to time exceeding $4,001 and not exceeding $25,000. The original principal amount as used in this section shall be the same amount as the amount financed as defined by the federal Truth in Lending Act and Regulation Z of the Board of Governors of the Federal Reserve System. Loan APR is less than 35%.
Yes. We can process your auto title loan 100% online from any city in Florida. Same day. If you are close to our main office, you may also come into our office located at 3489 Davie Blvd. Fort Lauderdale, FL 33312.
Like any loan, an auto title loan involves scheduled payments over a set period of time until the loan is paid back. While taking out the loan itself won’t have an immediate noticeable effect on your credit score, making on time payments in full will improve your credit score slightly over time. However, failure to make payments on time and in full will cause your score to drop.
Certain bank holidays can affect when you receive your funding, but only if they fall on weekdays.
We do not perform credit checks. We may report loans that are in default to credit reporting agencies.
Yes, a free and clear Florida Motor Vehicle Title that is not a salvage or rebuilt title is required for an auto title loan.
Your name must always be on the title of the automobile. If your name is on an “and” or “or” title, you can still obtain an auto title loan. If your name is on an “or” title, the other person does not need to be included in the loan application. If your name is on an “and” title, the other person must also be included in the application in order for you to obtain the loan.
The amount of money you receive in your car title loan depends on the wholesale value of your automobile. Please contact us here so that we can respond to you on an individual basis.
Here at Today's Financial Services, our minimum lending amount is $500.00 and our maximum lending amount is $5000.00.
12 month simple interest amortized loan.
Yes, you can. If you are planning on paying off your loan early, be sure to ask us about our early payoff discount. There is no prepayment penalty and we will prorate your interest.
There are several different options available to you. You can:
If you think that you are going to default on your loan, we encourage you to contact us immediately. We want to work with you and help you find the best possible solution for paying off your loan obligation. However, if we are not able to resolve your loan obligation and the loan is defaulted on, we will have the right to repossess your vehicle.
We would love the opportunity to answer all of your questions. If your question wasn’t answered here, please feel free to give us a call, stop by, or fill out our contact form.
* Proof of Car Insurance – prepaid for 6 months with a $500 deductible on comprehensive and collision. If you have the required car insurance you will need to have your car insurance company name Today’s Financial Services Inc., additional insured lien holder/loss payee with a 15 day cancellation notice. If you do not have comprehensive and collision on your policy, or your car insurance is not prepaid for at least 6 months with $500 deductibles; we can provide an optional debt cancelation damage waiver at a small cost to you.
Today’s Financial Services strives to make the title loan process convenient and easy to understand. To help further, we provided some common questions and answers to assist you in your title loan or auto title loan process. If you have a question about our title loans that we haven’t answered online, you can contact our loan lender customer service at 888-573-0132.