Learn more about the benefits of these title loans, how they differ from PayDay Loans and how you can apply by reviewing the information, below. Please contact our team with any additional.
The Benefits of Motorcycle Title Loans over PayDay and Other Loans
Get Access to the Money Quickly
As long as you can prove your ownership of the motorcycle, the application and approval process is usually very quick. You may be able to complete the application and have your money in hand in just a couple of hours.
Get More than You Would from a Payday Loan
The amount of a motorcycle title loan is determined by the value of the motorcycle and your ability to repay the loan. That can be many thousands more than you could get from a PayDay loan. Lenders may have different limits on which motorcycle qualifies, and how much the loan can be.
Keep Possession of your Vehicle While You Pay the Loan
You do not have to give up your motorcycle while you are paying off your loan, only the title. That means you can use the motorcycle to get to your job or to manage your life until the term of the loan is completed.
Qualify more Easily
Good credit is not always required to qualify for motorcycle title loans. Those with bad credit and even those without employment may be eligible. It is necessary to prove income of some kind, such as government benefits, pensions or alimony.
A bank account is not always necessary to secure a motorcycle title loan. Instead, you can be paid directly in cash.
Enjoy a Lower Interest Rate than a Payday Loan
Motorcycle title loans have a higher APR than some loans with a more intensive application process, but the APR is far lower than that of PayDay Loans. You are also at less risk of being trapped in the cycle of applying for a new loan every month.
How Much Can I Get with a Motorcycle Title Loan?
Probably more than you think. Your motorcycle will serve as collateral for the loan, so you are allowed to seek an amount that is close to the total value of your bike.
The total amount and interest on your loan may depend on the length of your loan period, and your ability to pay it back. If you are Interested in learning more about how much you can get for a title loan, or how long it will take for you to pay it back, make sure you try out our helpful Title Loan Calculator.
For any additional questions about the value of our loans, please contact the friendly team at our offices.
How do I Get Approval?
The following are some of the factors that matter most when you’re trying to be approved for a motorcycle loan.
Your Ability to Prove Ownership
You must be able to prove your complete ownership of the motorcycle, and your right to transfer the title. Your name must be on the title, and when applicable, it should be listed on your license. We cannot provide loans to anyone who cannot prove that they are the legal owners.
The Value of Your Motorcycle
In order to be approved for a motorcycle title loan, you must have a motorcycle with some value in it.. That means you must have a title to a motorcycle worth more than loan amount. . Please contact us if you have questions about how your motorcycle is valued.
Your Ability to Prove Income
Though poor credit is not necessarily a problem, it is necessary to prove that you have some means to pay back the loan and show that you meet the credit criteria set by the loan agency. You must be able to provide proof of income, such as pay stubs, during the application process.
What is the Application Process for a Motorcycle Title Loan?
The step-by-step process for approval is very simple.
- Find a title loan company near you.
- Provide some basic answers regarding your motorcycle, including the model, maker, and mileage.
- Learn how much you can qualify for, and decide if you want the maximum amount you qualify for, or a smaller amount you can pay back more easily.
- Bring your information to the nearest location for a quick assessment of your motorcycle.
- Get approved and collect your cash!
Why Choose Montana Capital Car Title Loans for Motorcycle Title Loans in California?
Choose Montana Capital Car Title Loans because we have the experience, quality support, and plentiful locations to serve you all over California.
When we began we had only a single location in the San Fernando Valley. Because of the quality of our service, we have expanded up and down California.
We continue to set ourselves apart from the competition with our easy loan process, cheerful team members and reasonable terms. Come learn about the difference our service makes today.
What type of loans does Montana Capital provide?
Montana Capital Car Title Loans is a licensed title loans lender. You can be pre-approved for a title loan from the comfort of your own home. Simply begin our pre-approval process. All you need to do is to provide some basic information about your vehicle, including the make, model, year, style and mileage. When you’ve provided us with your contact information, we’ll send you confirmation of pre-approval.
In order to complete the approval process, you’ll need to visit one of our locations so that we can complete an inspection of the vehicle. As long as the information you provided was correct, and you meet our credit criteria, your final approval will be a speedy process, and you’ll be out the door with your cash in no time!