The short answer is, “yes,” especially if you have a classic car that is significantly valued. No need to fret, you still get to use your car as you normally would when you get your loan, all the lender needs is to keep the title while you pay off the loan. As it is a short term loan, and the process is straight forward, that should take no time at all! It’s especially useful that the transaction itself is simple. The lender will determine how much you can get for your loan, and quickly distribute the funds to you. The requirements are easy to meet. You’ll just need to prepare some documentation, which may include a license, some references, and the car title or registration, and you’re good to go after that. There won’t be any red tape or hoops to jump through, so you can rest easy knowing that you’ll get the money, use it for what you need, and then be able to pay it back quickly.
No wonder so many folks have been using title loans to take care of little things that pop up here and there. An impromptu payment, need for repairs, extenuating circumstances, and more can be put in check with the quick cash that you’ll receive from a title loan. Remember that they are easy to obtain, and their speed is what makes them such a desirable option when you may be undergoing a temporary monetary crunch.