Can Car Damages Affect The Value Of Your Wisconsin Auto Title Loan?

When it comes to car damages, this can have a pretty big impact on the value of Wisconsin auto title loans when you come to see us at Wisconsin Auto Title Loans, Inc. today. But does this automatically mean you can’t get this loan? That would be terrible, especially since a title loan is designed to help with urgent expenses that cannot wait.

This means you can’t afford for your car damage to keep you from getting the money you need. The good thing is your damage likely won’t impact your chances of approval. However, it will play a role in how much you can get. So, if you are worried about how your car’s damage will impact your loan, keep reading this article to learn more right now.

Can I Still Get Approved For An Auto Title Loan With Car Damages?

You can get approved to borrow money with an auto title loan even when your car is damaged. That's right, you can even get approved if your vehicle isn’t at 100 percent. The decision for approval is based on your title, not the car damage. You can also always reach out to us with an inquiry to see if you might qualify for an auto title loan. 

We will quickly check your car – for free – and assess your title to let you know how much you could get and if you are a likely candidate for approval. If approved, you are not obligated to take out the loan if you don’t like the amount offered or the loan terms. If you're approved and are willing to proceed, we will assist you with the process.

Why Do Car Damages Affect The Value Of Wisconsin Auto Title Loans?

As we said above, your car’s damage won’t impact your chances of getting the loan, just how much you could get. But why is that exactly? Well, when you are going through the title loan process, one important aspect is the vehicle inspection we have to do. The loan representative needs to know the overall condition of the car to determine how much money you could get if you are approved for this loan with us.

You see, we use your vehicle’s condition and resale value to make our decision on how much we can lend to you. So you can understand how any significant damage to your car can impact its value and overall condition. We all know that damages affect the value of cars. To put it even more simply, a car identical to yours with no damage is generally worth more and could stand to get a higher amount of money – up to $15,000 – if the owner is approved for the loan here.

Car Damages Can Include Various Things

When we say “car damages”, we are including various things in our inspection. We are looking for things that could seriously affect the way the car works and its resale value. This would include things like dents, bumps, motor issues, engine problems, and cracks in the windows. Of course, this list isn’t limited to just these things, but these damages could impact the way your car works and its resale value.

How Much Can I Get For Wisconsin Auto Title Loans?

Now that you know your car’s damage can impact how much we can lend to you, you are probably wondering how much you can get. Well, when you come to Wisconsin Auto Title Loans, Inc., you can get anything up to $15,000 – which, as you know, is based on your vehicle’s condition and resale value. This means we will do a quick inspection and will determine how much exactly we can lend. We also use a nationally recognized pricing guide to check the resale value of the car.

What Can I Do To Prepare For The Auto Inspection?

If you are worried your car’s current state isn’t good enough to get what you need, there are things you can do to improve your chances. If you notice any notable damage such as large dents, scratches, or bumps, be sure to have those fixed. You should also check to be sure your tires and brakes are working properly to keep you safe. Finally, clean the interior and get the engine and motor checked by a professional.

Find Out If Your Car Damage Will Impact Your Loan Chances Today!

Now that you know how your car damage can impact your loan, you know how to proceed. You can now prepare your car and get set for the vehicle inspection. Plus, we will help you during any part of the process – even inspecting your vehicle, so you can get an idea of how much you can borrow.

Don’t hesitate any longer if you need to know the value of your vehicle when seeking Wisconsin auto title loans. Fill out the online form to begin the process.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.