About This Location
Camacho's Auto Service provides registration services for Montana Capital Car Title Loans customers since January 2019. The store is located at 839 S Imperial Ave, near the intersection with 9th St and “7 Eleven”. If you live in Calexico and in need of registration services, stop by Camacho's Auto Service that works with Montana Capital Car Title Loans in Calexico. Camacho's Auto Service provides our clients with unmatched customer service. Montana Capital Car Title Loans does not issue loans at this location.
Title Loans and Personal Loans in Calexico
Need cash fast? Get the money you need quickly by applying for a Title Loan.
Title loans are simple to understand, can be processed quickly and are available even to those who don’t have the best credit. Learn more about Title Loans from the following information, or by calling Montana Capital Car Title Loans to speak to our friendly team.
How Title Loans Work
Title loans in Calexico aren’t complicated. In fact, they are one of the simplest types of loans that you can apply for. When you apply for one of these types of loans, your vehicle—car, truck or even motorcycle—serves as the collateral. The title of ownership is used to secure an amount close to the value of the vehicle. The loan is approved only when you show the ability to repay it.
However, that doesn’t mean that you have to give up the vehicle until the loan is paid back. As long as you continue to make your payments on time, you are able to keep using and driving the vehicle.
When the loan is paid back, the title is placed back in your name.
Is a Title Loan Better than a PayDay Loan?
If you own your vehicle, a Title Loan in Calexico is almost always better than a PayDay Loan.
When you apply for a PayDay Loan, you are limited to borrowing the amount of your next paycheck. Title Loans can be so much larger, as much as $20,000 at some locations.
Fortunately, you aren’t required to pay back the loan amount by the next month like you would with a PayDay Loan. Instead, you can set different payment periods based on the value you’re borrowing and other credit criteria. You can take months or even years to pay back the full value of the loan without penalties.
How Hard is it to Get Approved?
]Getting approved for a Title Loan is a very simple process. First, you will need a vehicle that is valuable enough for a title loan. At most locations, there is a minimum value limit, so your car must be worth more than that amount.
You will need to be able to prove that you own the vehicle, so the title must be in your name, and in some cases, may need to be listed on your license.
As with any other loan in Calexico, you will need to prove that you have the ability to repay the loan. That means it will be necessary to provide proof of income before the application process is complete.
As long as you can meet all of those conditions, approval can be a quick and easy process.
How Can I Apply for a Title Loan?
You must apply for a title loan in person because your vehicle will need to be evaluated. This evaluation is done to verify the value of the vehicle before the title is transferred. However, it’s also possible to save time on the paperwork by getting pre-approved before your visit.