What Do I Need to Get a Title Loan in Hudson, WI?
When financial emergencies arise, a title loan can be a quick and accessible option. Unlike traditional loans that require extensive paperwork, title loans in Hudson, WI, are faster and easier to secure with just a few simple Hudson WI title loan requirements.
Below, you'll discover more about how to get a title loan in Hudson, WI, and its requirements with our step-by-step process guide.
The 3 Things You Need To Get A Title Loan In Hudson, WI
1. Provide Your State-Issued ID
Typically, we suggest using your driver's license to satisfy this requirement. However, it isn't a necessity. You can choose from a wide range of identification types, as long as they include a photograph.
We accept the following forms of government-issued photographic identification:
- Non-driver photo ID cards
- Passport
- Passport card
- Military ID card
- Military dependents' ID card
- Tribal card
- Student ID card
At Wisconsin Auto Title Loans, Inc., we use your ID to confirm your name and ensure you're over 18 years of age.
2. Present A Lien-Free Car Title
Otherwise known as a clear or clean car title, it proves you have no outstanding claims or liens placed against the vehicle. We can't offer you a title loan with other lien types; the title must be:
- In your name
- Free of liens or judgments
- Not associated with any outstanding loans or obligations
- Own it outright
3. Bring Your Vehicle For Appraisal
Finally, you need to own a car, truck, or van. We don't accept RVs, motorcycles, mopeds, trailers, or other automobiles.
Your vehicle dictates how much we can lend you up to as much as $15,000. The higher your car's market value, the higher your loan amount could be, but it’s crucial to borrow only what you need. Over-borrowing can create more debt than necessary, especially if your car’s value declines over time. For example, a 2020 Ford Mustang with low mileage and in good condition could qualify for up to $10,000, whereas a 2015 Honda Civic with higher mileage might be eligible for only $4,000.
We consider the following factors when appraising your vehicle:
- Its age — Unfortunately, cars lose a whopping 60% of their value over their first five years. While age alone doesn't dictate its worth, it's undoubtedly a major factor. Generally, a 2020 Fiat 500 is worth more than a 2016 Fiat 500. However, that might not ring true if the former's condition is bad.
- Its make and model — Luxury cars come with premium features that hike up the price (often dramatically). So, if you own a high-end vehicle like a Mercedes, Lexus, Cadillac, or BMW, you'll probably qualify for the highest loan amount. Although, that doesn't mean you should take it; only borrow the figure you need.
- Its odometer reading — The higher the mileage, the less it's worth. However, we consider the odometer reading and age in tandem. Average car use is roughly 12,000 miles per year. So, a two-year-old vehicle with 24,000 miles is standard. Thus, it might not affect your car's worth as much as vehicles with comparatively high mileages.
- Its condition — We'll assess the mechanical condition and its aesthetic state. Bumps, dings, dents, failing to change the oil regularly, and even stained interiors can decrease the overall value.
- Any modifications or personalization — You may love the flame decals and the brand-new spoiler, but others might not. Therefore, making cosmetic changes can decrease its worth. If you can remove the personalization, we suggest doing so before bringing your vehicle for appraisal. On the other hand, adding a brand-new engine to an older chassis may increase the price.
How The Title Loan Process Works In Hudson, WI
Now that you've learned how to get a title loan in Hudson and gathered your documents, you can get the title loan process started with us easily by following the steps below:
- Complete our online title loan inquiry form. Make sure you fill in the right one because we also offer signature installment loans.
- Wait for a loan associate from your closest Wisconsin Auto Title Loans, Inc., to get in touch. They'll tell you about the process, ensure you have the required items, and answer questions. At this stage, you need to decide whether to meet at your local store or your home or workplace.
- Wherever you choose to meet, head there with everything you need to get an easy title loan in Hudson WI.
- Sit down with one of our loan associates who examines your Hudson WI title loan requirements, such as your ID and title, before conducting a five-minute vehicle inspection to determine the amount of money you qualify for.
- If you're satisfied with the loan amount, terms, and interest rates, sign a few documents, and finalize the paperwork alongside the loan representative.
- Finally, you will receive the cash you need on the same or the next business bank day.
The Benefits Of Wisconsin Title Loans
Title loans provide fast access to cash without the need for credit checks, making them an excellent option for individuals who may not qualify for traditional bank loans due to a poor credit score. And since this loan is secured with your vehicle title as collateral, after the inspection to determine its value, your vehicle will be returned to you to use as you make payments on your loan.
Submit Your Title Loan Request Today!
Ready to get the cash you need with easy title loans in Hudson WI? With a clear title, state-issued ID, and a vehicle, you can provide the Hudson WI title loan requirements needed for approval almost effortlessly.
Complete our simple online form today, and one of our loan associates will guide you through the title loan 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.