The economy has made living month to month a challenge.
Sometimes people must borrow money when an emergency arises. They may need to put down the deposit on an apartment or need to pay for some dental work. Regardless of the reason for borrowing, a car title loan is a good way to go.
VIP Title Loans is in the business of loaning money to auto owners based on the amount of equity in their cars.
Fast and Easy
To get a car title loan, simply visit one of our six conveniently located offices in the Dallas/Fort Worth Metroplex area. No appointment is necessary. Bring the following documents with you:
- Proof of Residence
- Proof of Income
- Clear Texas Car Title
- Vehicle (to be evaluated)
Please note that if your loan is not completely paid off, we can finance the remaining balance into your car title loan.
It usually takes around 30 minutes to get an auto title loan. We will also loan money on industrial equipment, RVs, and even motorcycles.
Why Our Rates are the Best
If you get an auto title loan from us, you will only be charged 6 percent interest. Let’s say that you borrow $4,000 from us. The total amount paid back in one year would be $4,240. If the loan was spread out over two years, the total payback amount would be $4,480.
If, on the other hand, you get a car title loan from one of our competitors, your payback amount would be astronomical.
Other auto title lenders require that you get a new loan each month and pay monthly interest. This ends up amounting to as much as 300 percent interest! Your total payoff on the same $4,000 loan amount could run you $16,000 on a one-year loan and $28,000 on a loan financed over two years.
So, as you can see, VIP Title Loans offers auto title loans that are vastly more affordable.
Each time a payment is made on an auto title loan with VIP, the principal balance becomes smaller. Borrowers can see their progress first hand. There is no penalty for the early pay off a car title loan with VIP.
Credit Check and Car Title
There is absolutely no credit check at VIP Title Loans. We don’t care what your credit report indicates. This is because all car title loans are based on the value of the car used as collateral. The owner of the vehicle still drives and owns the car.
When the loan is paid off, we return the pink slip to you.
Vehicle Breakdown or Wreckage
We offer a “Lender Approved Auto Club” on all of our auto title loans. If your car breaks down or is wrecked in an accident, you can walk away from the car and the auto title loan. The auto club pays off your loan.