A car title loan from Deleon Title Loans is a secured personal loan backed by your vehicle value where a lien is placed on your title until repayment has occurred. Payments are scheduled monthly until the debt is relieved and your title will be returned to you promptly upon reimbursement.
No Way! Prequalifying your ride takes just a few minutes right over the phone. A vehicle inspection will the be scheduled and executed. If your vehicle passes inspection & assuming you have the documents ready that you need, funding can take as little as 12-24 hours from initial contact.
Payments are automatically scheduled via auto-draft from the bank account you provide us initially to receive the funds.
No. Typically Deleon Title Loans will only allow one car title loan per household.
Yes. All applicants or co-signers of a car title loan from Deleon Title Loans should be able to provide proof of recent work history. Self-Employed individuals can still apply.
Please have the following documents prepared to receive a car title loan:
Your vehicle does not sit in a lot awaiting for full repayment, you get to keep using it as you need to. Matter of fact, as long as you are current with your loan payments, you never relinquish physical possession of your vehicle throughout the duration of the loan. Our goal is to keep you cash heavy and mobile while providing the opportunity to reimburse us monthly to make it easy.
We always do our best to accommodate our borrowers. Deleon Title Loans encourages all applicants who anticipate missing a payment to notify us immediately for alternative arrangements to be made. Failure to communicate with Deleon Title Loans and/or missing a payment may place your vehicle possession in jeopardy.
Loan amounts vary and rely heavily on your vehicle meeting minimum state requirements for a car title loan. The average loan amount is $2500. Vehicles will often qualify for an excess of $5,000 or more.
To qualify, your vehicle value is dependent upon a combination of several factors including but not limited to:
Make sure your vehicle is fully paid off and free of any major mechanical damage as an official inspection will be performed.
Credit checks are performed by Deleon Title Loans as a standard procedure in the car title loan industry but our customers with less-than-great credit are still encouraged to apply as this loan is secured with your car title and you are still likely to qualify. For the most part, the remaining value your vehicle possesses and your work history are the primary things we look for. Major discrepancies like bankruptcies and default auto loans in the past may disqualify you.