A big question many people have about car title loans is whether or not you can use them on car repairs themselves. There is not a straight yes or no answer to this because it all depends on the situation. If you're an Elm Grove, WI resident and you need a little cash for emergency purposes such as a car repair, one of our car title loans in Elm Grove can usually help you out with that.
Car title loans require the appraisal of a vehicle in its current condition because their principal amount is usually less than half of the price of the vehicle's resale price. You could get as little as $200 or as much as $2,000, though if your vehicle needs some repair work done you'll likely not receive nearly as much with our car title loans in Elm Grove. The year of the vehicle, the mileage and other wear and tear are usually the biggest factors in determining how much you can get with title loans.
As we explain in other sections about car title loans, the vehicle has to be brought to our store to get an inspection prior to your receiving your funds. If your car repairs are mostly tune-up issues which need to be done soon but still allow you to drive your car to our store, you can usually get the title loan amount you need to fix them without any problem. If your repairs are a little more significant such as a total brake failure or something that requires you to have your car towed to the garage, you may still qualify for one of our car title loans in Elm Grove. But we'll have to work out another way to inspect it and you may not get as much in a title loan. For severe damages that make vehicles undrivable, these do not qualify for car title loans in Wisconsin.
One thing that's convenient about a Milwaukee title loan is that they aren't as heavily regulated or as tough to qualify for as bank loans or even several other online loans. But you still have to follow several guidelines and meet qualifications such as the following:
1. You must be at least 18 years of age and be a permanent Wisconsin resident to qualify for our title loans
2. You must prove that the vehicle is owned completely by you and is not under a lien of any kind
3. You need to prove you can pay back the loan by showing you have a source of income
What you'll need to do first is find your vehicle title which is your certificate of ownership and is mailed to you by the DMV after you've made all payments on it to the dealership or another seller. It should read "clear" if that's the case. Then you should get your vehicle information such as make, model, year and mileage and enter it in our online application to get your quote and allow us to call you to arrange a visit to our store to complete the final title loan steps. In addition to your vehicle and its title, you should also have the following documents with you:
Once you have all your documents in order and you've filled out the application, we'll handle the rest with you when you visit our store. If you qualify for car title loans in Elm Grove, WI, you'll receive your funds the same or next day.
