Motorcycle Title Loans

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When you are in a bind and need some extra cash, title loans can help! Motorcycle title loans are a type of short-term loan that uses your motorcycle as collateral. Approved applicants can receive up to $50,000 as early as the same day. 

A great advantage of motorcycle title loans is that you get to keep driving your motorcycle during loan repayment. It’s as easy as filling out an online application, providing the required documentation, and receiving a decision! 

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How Do Motorcycle Title Loans Work?

Dive into the simple process of leveraging your motorcycle’s title for a financial boost with our tailored loan service. Here’s the streamlined path to access your funds:

1. Initial Assessment: Kickstart the journey by confirming your motorcycle is fully owned by you, with no pending liens on the title.
2. Quick Pre-Qualification: Just a quick form fill or a phone call to (888) 700-8900 sets the ball rolling.
3. Discover Your Potential: Our dedicated team will guide you through the possibilities, illustrating the amount you’re eligible for.
4. Paperwork and Proof: Zip through the document submission to dot the i’s and cross the t’s on your loan agreement.
5. Speedy Cash Disbursement: With the formalities out of the way, the funds swiftly make their way to you, without sidelining your motorcycle from your daily routine.

Title Loan Approval with Bad Credit

Don’t let a low credit score hold you back. Our motorcycle title loans cater to borrowers with various credit histories. As long as your motorcycle is fully paid off, lien-free, and in your name, you’re in a good position to apply.

Your Credit Score Isn’t the Make-or-Break Factor

There’s no need to have a perfect credit score, as credit history is just one of the many factors considered during the application process. However, we may ask to check yours as part of the title loan process. Here’s everything you need to know.

Income and Qualification for Motorcycle Title Loan:

To qualify for a Motorcycle title loan, you must show your ability to repay the loan. Don’t worry if you are unemployed and don’t have regular pay stubs. Approval decisions for motorcycle title loans also consider different sources of income, such as:

• Pay statements
• W2 form
• Tax statements
• Disability award letters
• Social security benefits
• Workers’ compensation funds
• Trust documentation
• Awarded settlement documentation
• Severance pay documentation

The application process typically takes about five minutes to complete. Then, conditional approval may be given pending review of your documentation.

Motorcycle’s Equity:

Equity is required when using a motorcycle’s value for loan purposes.

Equity means that your motorcycle is worth more than what you owe on it. Even if your motorcycle has remaining payments, you may still qualify for a title loan.

To secure a title loan, borrowers must own their motorcycle outright and sign the title over to the loan company. This provides the lender with collateral in case of loan default. If repayment is not made, the lender can sell the motorcycle to recover their losses.

To determine your motorcycle’s current worth, you can check the Kelly Blue Book for the trade-in fair value. Title loans typically offer 25%-70% of the motorcycle’s total value.

How Much Cash You Can Get?

In the title loan industry, lenders typically provide approved applicants with up to $50,000 on the same day. Moreover, we offer up to 70% of your car’s value, surpassing the industry standard of 25% to 50%. It’s important to borrow responsibly and select terms that suit your financial situation wisely.

It is also wise to research your title loan state’s laws. Title loans are not legal in every state. In this case, you won’t receive any cash regardless of your motorcycle’s value and ability to repay.

Once Approved, How Do I Get My Money?

Once approved for a title loan, you can receive your money through various methods:

1. Direct Deposit: The funds can be directly deposited into your bank account, making it convenient and fast.
2. Check: You may receive a check that you can deposit into your bank account or cash as needed.
3. Cash: In some cases, you can pick up the cash in person at a designated location.

The method of receiving your money may vary depending on the lender and your preference. It’s essential to discuss the available options with the lender during the application process.

It’s essential to carefully weigh the pros and cons and assess your financial situation before proceeding with a motorcycle title loan application.

The Bottom Line

Motorcycle title loans are an option to get you the money you need asap. They are convenient for emergency situations because cash is paid out quickly if approved. Keep in mind that these loans are meant to provide you with short-term financing to help solve immediate cash needs and should not be considered a long-term solution.

Applying for a motorcycle title loan online through Montana Capital is quick and easy and may give you access to up to $50,000 within 24-48 hours. If maintaining access to your motorcycle while gaining access to short-term financing is important to you, apply online here and get a free quote!