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Home > Florida > Port Orange

Title Loans in Port Orange , Florida

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Location Information:

(888)-700-8900
MC representative

Address

413 Oak Pl Unit 4D
Port Orange
Florida   32127

Working hours

Mon - Fri: 9am - 7pm

Saturday: 10am - 5pm

Sunday: Closed

Product

Title Loans up to $50,000

Reviews

Montana Capital Car Title Loans Reviews

I enjoyed second lien title loans online! Their easy-to-use platform and fast service helped me get extra cash. Highly recommended for convenient vehicle-secured funding.
Vinu Vinu ramya
Vinu Vinu ramya
1714505561
Despite my poor credit history, this firm went above and beyond to secure a car loan tailored to my needs. Their understanding team worked diligently, ensuring I got the financial assistance I needed.
Bonnie Thomas
Bonnie Thomas
1709975461
I was in a tight spot with my credit history, and needed a car loan urgently. Thankfully, I found this firm. Their team understood my situation and worked tirelessly to secure a car loan tailored to my needs, despite my poor credit.
Kevin Cates
Kevin Cates
1708501899
The service for clear vehicle title loans surpassed my expectations. The transparent and straightforward process, coupled with fair terms, provided a positive and stress-free experience while leveraging my vehicle for financial support.
Walter Jackson
Walter Jackson
1707218780
They specializes in poor credit car loans, and they helped me secure one. The terms were reasonable, and the staff was understanding of my financial situation. A trustworthy option for those with poor credit.
Rosa Hall
Rosa Hall
1705723210
Securing a loan with a clear vehicle title was a breeze with this service. The straightforward process and efficient handling of the clear title made it a reliable choice for quick financial assistance. Highly recommended for those looking for a hassle-free experience with a clear vehicle title.
Rosalyn Sawayn
Rosalyn Sawayn
1701496562
This organization provides title loans with monthly payments, making budgeting simple. Their clear terms and flexible repayment alternatives were quite beneficial. Thank you so much!!
Darlene Evans
Darlene Evans
1697456328
This company offers title loans with monthly payments, which made budgeting a breeze. Their clear terms and flexible repayment options were a huge plus.
Douglas Ross
Douglas Ross
1696053412
When I needed quick cash, I stumbled upon this pawn shop offering title loans in Port Orange. It was a bit intimidating at first, but the staff here were incredibly friendly and professional. They explained the entire process and answered all my questions patiently. I left with the money I needed without any hassle.
Megan Allen
Megan Allen
1695821675
I was curious about what all I needed for a title loan, and this loan company had all the answers. Their friendly team guided me through the process, and the loan requirements were straightforward. I got the advance title loan I needed with ease. Definitely a reliable choice!
Felicia Warren
Felicia Warren
1692438213
⭐⭐⭐⭐⭐I can't thank this loan company enough! When I needed a personal loan, they came to the rescue. The application process was smooth, and their team guided me through every step. The funds were disbursed quickly, and their flexible repayment options made it stress-free. Highly recommend them for your financial needs!💰👍
Lauren Harris
Lauren Harris
1690798983
I had a great experience borrowing money against my vehicle. This loan company provided a seamless process, quick approval, and reasonable terms.
Erika Wright
Erika Wright
1688388868
It's difficult to find same-day cash loans, but one loan provider made it possible. I submitted my application in the morning, and by the afternoon, I had the money. They are dependable and effective.
Darla Sullivan
Darla Sullivan
1686049998
Same day cash loans are hard to find, but this loan company made it happen. I applied in the morning and received the funds by the afternoon. They're reliable and efficient.
A Google User
A Google User
1685093909
This business accepted my online application for a car title loan, and I was satisfied with the assistance I received. I received the money I required within 24 hours, and the procedure was really simple and straightforward.
wondering19
wondering19
1679816218
I have found the staff at this loan company to be very professional and helpful. They have provided me with the necessary information and documents to help me get a second lien title loan.
Myrtle Sanders
Myrtle Sanders
1676626402
I was in need of some extra cash and decided to look into personal loans. I did some research and found that this company had the best rates and terms. I applied and was approved within a day. I am very happy with my experience and will definitely use them again in the future.
Marlene Martin
Marlene Martin
1674813811
I was in dire need of money and a friend told me about motorcycle title loans. I was a bit hesitant at first, but the loan company reassured me that the process was completely secure and that I would get my money quickly. And they were right! I got the money I needed within 24 hours and was able to pay off my debt and get my life back on track. Thank you so much!!
Nora Sanchez
Nora Sanchez
1671950248
I have used this company several times and they have always helped me out when I needed it. They offer same day payday loans and the process is very quick and easy. I would definitely recommend them to anyone in need of financial assistance.
Betty Lee
Betty Lee
1669723663
I availed the title and payday loans services from this loan company and I am really happy with their services. The loan amount was disbursed within a few hours and I did not have to go through any hassle. The interest rates are also quite reasonable and I would definitely recommend this loan company to others.
Sylvie Freud
Sylvie Freud
1666244522
I had bad credit and was in need of a loan, so I turned to this loan company for help. They provided me with great service and helped me get the money I needed. I'm very thankful for their help and would recommend them to anyone in need of a loan.
Matthew Smith
Matthew Smith
1666001583
Sometimes you just get stuck with nowhere to turn and no idea what your next step should be. This is what I faced when I lost my job all of sudden. I'm glad to have a reliable source which I could trust for car title loan even with bad credit. Thank you!
Michael Widmer
Michael Widmer
1663484880
Customer service was excellent during the best loans for bad credit process. The staff were efficient and easy to work with, and I look forward to collaborating with them in the future.
Jessie Patterson
Jessie Patterson
1648730164
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3 Easy Steps to Get a Car Title Loan in Port Orange

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01

Apply now

Apply either online or by phone. Montana Capital is here to help you get the cash loan of your car title fast and secured!

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02

Get approved

Depending on how much your car is worth, how much money you need and your ability to repay you could get up to $50,000.

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03

Get your cash!

Have your money sent directly to your bank, debit card or pick up your money at any MoneyGram location near you.

Have a bad credit score?
We will help you!

It’s not that hard as you think! Getting started
is just one click or phone call away

A few simple steps for a free quote

Select the amount of cash you want

Products

Car Title Loans

Online Title Loans

Bad Credit Loans

Payday Loans

Personal Loans

Requirements

Identification

The vehicle’s title

Personal details

References

Ability-to-repay

Benefits

Get up to $50,000

Fast, secure & free quote

Online process 24/7

Bad credit – OK

Keep driving your car

Process

  • Apply online or call us
  • Get approved
  • Visit Vehicle Inspection Center if needed
  • Get the cash loan
  • Keep driving your vehicle

Car Title Loans in Port Orange: What to Know Before Applying

For those who are cash strapped and in need of financial relief, a car title loan may be the answer to your financial woes.

With Port Orange title loans, you can get quick cash for your emergency needs, and the loan process is practically hassle-free!

This article will give you a rundown of the important things to note before applying for a title loan.

If you’re considering getting a title loan, it’s important to understand the jargon commonly used in the loan process. This way, you’ll be able to find the best title loans suitable for YOUR needs.

What Are Car Title Loans? 

Car title loans go by many names, auto title loans, vehicle title loans — they all pertain to the same thing. 

A car title loan is a form of secured loan where a borrower offers the title to his or her vehicle as collateral.

It’s a short-term loan wherein the title loan company places a lien on the borrower’s title in exchange for the loan amount. When the loan is paid in full, the lien is removed, and the car title is returned to the borrower.

In effect, you borrow money based on your car’s equity. To determine how much money you can borrow and at what interest rate, the lender will consider things like the market value of your car and your income. 

Definition of Terms Used in Car Title Loans in Port Orange

An auto title loan is an alternative to bank loans, pink slip loans, and credit union loans.

Applying for Port Orange, Florida title loans is such an easy process that it has become a popular source of funds for unexpected situations like medical bills, house renovation, tuition fees, etc.

To give you an idea of how a title loan works in Port Orange, let’s define the terms for better understanding:

Secured Loan

This is a loan that is protected by collateral. A borrower is required by the lender to provide an asset as a form of insurance in case of loan default.

In this case, the vehicle acts as the collateral. It is important to note that when the loan is not repaid in accordance with the terms of the loan, the lender can seize the collateral to regain its loss.

In order to be secure, the collateral must be worth more than the loan amount.

Short-Term Loans

Short-term loans, such as Port Orange title loans, usually last 15- 30 days but can be extended, depending on the lender.

Some auto title loans are single-payment loans, wherein the borrower has to pay the full amount of the loan plus the interest rate within a period of one month.

But there is also the installment type of loan, which can be paid back over three or six months. The loan term must be discussed in detail with the lender before the loan agreement is signed.

Lien

This is a legal claim against a property to secure payment for the loan. This means that when you surrender the car title during the loan term, the lender has a legal right to the vehicle.

IMPORTANT NOTE: The good thing about Port Orange title loans is that the physical vehicle remains in your custody. You can continue using the vehicle because only the title is turned over as collateral.

Annual Percentage Rate

APR is the amount of interest and other costs (such as fees) that you pay to borrow money.

It is expressed as an annual rate. The APR represents the total annual cost of borrowing money.

How Do Title Loans Work?

To apply for a car title loan, borrowers simply need to fill up an application and submit requirements.

You can receive approval fast because the loan documents are straightforward.

Unlike bigger financial institutions that offer personal loans like banks and credit institutions, Port Orange title loans are SIMPLE.

Most lenders will need to verify the identity of the borrower, ensure residency in Port Orange, FL, and check the general condition of the vehicle (the title and the vehicle must have matching VIN numbers, and evaluate your ability to pay for the loan). 

The loan application can be done at the storefront, or you may opt to apply online.

Basic Requirements

In this section, we will enumerate the requirements of most lenders in Port Orange, FL.

*Please bear in mind that these requirements and documentation may vary according to the state regulations.

#1 Car Title

As the name implies, a primary requirement of a Port Orange title loan is a title REGISTERED in your name (as the borrower). More importantly, the title must be free from any lien.

The vehicle can be a car, van, SUV, and RV. Some lenders in Port Orange may even consider a motorcycle!

#2 Vehicle

The car must be in good running condition to be accepted as collateral. Factors such as the make, model, mileage and general condition of the car will be considered when determining the loan amount.

Some lenders require a physical inspection to give a fair assessment of the car’s equity.

In some cases, though, pictures of the vehicle from all sides (front, back, left, and right), including the odometer, engine, and interior of the car, are already sufficient.

The VIN number in the car must be the same as the one printed in the car title, too.

TAKE NOTE: VIN number is the car’s identification number normally found below the windshield of the driver’s side, engine bay, or door sill. It gives you the make, model, year, and original color of the vehicle when it was made by the manufacturer. VIN is different from the chassis number.

#3 Government-Issued ID

To apply for title loans in Port Orange, you need to provide personal information, and presenting a government-issued ID is a way for the lender to verify your identity.

Acceptable government-issued IDs include the following:

  • Driver’s License
  • Social Security ID
  • State License
  • Passport

Make sure that your IDs are updated and current. A lender will not accept expired licenses and passports.

#4 Regular Income

Presentation of proof of income is an important requirement in Port Orange title loans. This can be in the form of pay slip from your employer or financial documents if you are an entrepreneur or freelancer.

Pensions, alimony, trust fund, annuities, investments, and other sources of money can also be shown as proof of income.

For Port Orange car title loans, you don’t have to be employed to apply.

The important thing is that you can show how much money you have on a regular basis and prove that you have the CAPACITY to pay the loan.  

Other Requirements

  • Personal References – In some cases, the lender may require you to provide personal references to check your background further. Choose at least three people (can be from your workplace, neighborhood, mentors, and associates) who are NOT related to you.
  • Bank Account – Most lenders in the state of Florida require an active bank account. This is also for the sake of convenience so that the lender directly deposits the money in the bank. This way, you get your money fast without having to leave your home to fall in line and pick up the cash.
  • Insurance – Some lenders may require full car coverage, especially if the loan is $5000 or up. Though this is not a basic requirement, this might be a useful bit of information if you are planning to take out a big loan.

Benefits of Car Title Loans

#1 Easy Loan Application Process

Because of the lack of credit checks and other paperwork, processing an auto title loan takes much less time than a traditional loan from a bank.

#2 You Get Your Cash Fast!

If all the requirements are in order, some title loans allow you to get the amount you need within the same business day.

If you are in dire need of cash for emergency purposes, this will certainly suit its purpose.

#3 The Vehicle Stays With You

This means you get to use your car during the loan period. Only the car title is surrendered to the borrower.

No inconvenience on your part, as the borrower!

Frequently Asked Questions

If this is the first time you’re hearing about car title loans, it’s simply because it’s relatively new in the financial market.

It was in the 1990s when car title loans first emerged as an alternative to traditional lending institutions.

There was an untapped market of individuals who could pay loans, but due to their previous credit score ratings, they were deemed unqualified.

Since then, title loans have gained traction because of the convenience and easy application process!

Are Car Title Loans for Me?

To best answer this question, we’ll tell you what sets title loans apart from other traditional loan channels in Port Orange, Florida:

  • The loan proceeds can be used for almost anything that requires immediate payments, such as medical bills, school expenses, house repairs, appliance purchases, etc.
  • Credit score is not a primary concern when evaluating the loan application. You can still get approved, even with bad credit.
  • You get the cash fast. Although it is not considered a pre-approved loan, you can get the money from the lender on the same day.

How Much Money Can I Borrow in a Port Orange, FL Title Loan?

The loan amount is primarily based on the vehicle’s value rather than the typical credit check.

The better condition your car is in, the higher the value of the loan.

What Is the Interest Rate Used in Title Loans?

The rate varies per lender.

For consumer protection, the state has regulated this loan method and put a ceiling on interest rates.

Under the Florida Title Loan Act, the lender can charge a maximum interest rate of 30% per annum computed on the first $2,000 of the principal amount.

In excess of $ 2,000- $3000, it will be  24% per annum. It will be 18% per annum on the part of the principal amount exceeding $ 3,000.

How Do I Know the Value of My Car?

There are several factors that affect the car’s equity.

The make, model, and mileage of the vehicle play a crucial role in the valuation.

How much money you can borrow is affected by the general condition of your car.

What Is the Difference Between Car Title Loans and Payday Loans?

Car title loans are often compared to other short-term financing loans like personal loans and payday loans.

Port Orange title loans are an example of a personal loan. The more obvious difference from a payday loan is the repayment of a payday loan is timed to coincide with a borrower’s payday.

A car title loan is due in about a month regardless of the borrower’s pay frequency. In a car title loan, employment is not a prerequisite as long as the borrower has a steady stream of funds.

In addition, instead of authorizing the lender to withdraw payments from a bank account, the borrower surrenders the car title to the lending company.

The vehicle’s value is the primary consideration for the amount that can be borrowed.  

Common Fears About Car Title Loans

Let’s address the elephant in the room.

Some people are wary of title loans because of the notion that it protects the lender more than the borrower.

One thing is sure: If it is state-regulated, then borrowers are equally protected!

#1 Credit Check

Are you burdened with a bad credit history?

The good news is, to qualify for a title loan in Port Orange, FL, the primary requirement is a vehicle registered in your name.

A low credit score will not be an obstacle in the credit decisions of many lenders in Port Orange.

TAKE NOTE: The lender MAY or MAY NOT pull up your record to do a background check on your credit history.

The important thing to emphasize is that your loan will be based on the current market value of your vehicle, not your credit score.

So even if you’re worried about your debt or have poor credit, you can still qualify for a loan!

#2 Repossession

If you default on the loan and cannot make monthly payments according to the loan terms, the lender can seize the vehicle.

Yes, repossession is possible in car title loans in Port Orange, FL.

The rules of repossession are different from state to state. Some states give the borrower an extra 30 days, while other states may not.

If you’re seriously considering taking out a loan, check the rules of repossession, particularly to Volusia County and other parts of Port Orange.

For your own protection, be mindful also of prohibited practices from lenders.

Before you scratch off Port Orange car title loans because of this risk, remember that repossession will only happen in case of loan default.

There are remedies that you can do before it reaches this extreme scenario.

Our advice is to shop around for flexible and willing lenders to work out payment terms that suit your budget.

Making payments must be a priority in your budget!

#3 High Interest Rates

Short-term loans, such as a title loan, are perceived to have higher interest rates than bank rates. 

The interest varies from lender to lender and state to state. It can range from 25% a month to 300% annually.

Luckily, the Florida Title Loan Act set a cap on interest rates.

Auto title loan interest rates are typically expressed annually. As defined earlier, the APR (annual percentage rate) represents the total annual cost of borrowing money.

Besides interest rates, lenders generally add origination fees, document fees, and processing fees into the repayment amount.

In some cases, there may even be penalties imposed on the borrowers, such as pre-payment penalties and late payment fees.

Before applying for a title loan, be sure to discuss all the hidden fees involved.

Look for a lender that offers reasonable interest rates. When it comes to loans, speed reading is definitely a no-no. Read the fine print to avoid unnecessary extra fees.

#4 GPS Tracker

As an additional precaution, some lenders install a GPS tracker on the car. The borrower has 100% access to the car and can still use it at the same time as the monthly payments are being made.

It is the lender’s way to keep track of the vehicle.

If you are not comfortable with being tracked, keep this requirement in mind when choosing the right lender for you.

Not all lenders have this particular requirement anyway.

How to Find the Best Car Title Loan Lenders

1. Customer Experience

Read up on the feedback from other customers.

On some lending company’s websites, you can view the comments and make inferences about the whole customer experience.

2. Track Record

Check out the lending company’s track record. In this age of digitalization, where everything is easily accessed online, it would be easy to know the reputation of the lender.

Have they been in the business long? Are they compliant with the state’s regulations?

After all, you will be surrendering your car title to them. A few clicks won’t be bothersome. But be sure to use reputable sources and stay away from fake news!

3. Compare the Rates & Stay Updated

It’s a competitive world out there. You can stretch your hard-earned cash if you take time to compare the rates being offered by lenders.

Title loan laws also change periodically, therefore it is important to visit your state’s legislative website from time to time.

This way, you are aware of lending practices that may be unfavorable to you as the borrower.

Conclusion

For those in a financial bind, consider getting a car title loan. It is a quick and convenient way to borrow money.

You can apply online or at the storefront! How much cash you can loan depends on the current market value of your car.

Before you apply for a loan, you should carefully evaluate your options. Title loans are suited for unexpected expenses.

If you’re thinking about using the money for something that can wait, it’s probably better to wait (until you get other sources of funds with a more reasonable interest).

Once you’ve made up your mind and decided to apply for a loan, read the terms of your loan agreement carefully.

Unplanned expenses tend to knock us off balance, so it’s best to be aware of car title loans as a viable option.

Related Locations

Melbourne

1402 Cypress Ave, Melbourne, Florida 32935
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Have a bad credit score?
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It’s not that hard as you think! Getting started
is just one click or phone call away

A few simple steps for a free quote

Select the amount of cash you want

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