What is an Automobile Title Loan? We look at them as a car equity loan where the borrower receives cash for their title.

Pink slip loans (car title loans) tend to get confused with auto pawn. Auto pawn shops work the same as any other pawn shop. The vehicle is given to the pawn broker to hold until the loan is paid off. They will keep the vehicle in a secured location for the course of the loan.

The nice thing about Auto Title lenders is that they dont take your car. They dont want it. It costs too much money to store your vehicle so they simply take the title for safe keeping. They determine your cars current market value, approximate what it will be worth at the end of the loan period and subtract a bit more for safe measure. The result is the amount they can offer for a loan.

Just as with most businesses, each online car title loan company is unique. They all take into account various objectionable factors in figuring out the loan value. Here are some things to be aware of in order to maximize your loans value:

- Shop around and check out the market rate. It can vary from place to place and week to week. EzLoanLookup is an excellent resource for finding the best rate. At Spartanburg Car Title Loans we check out our competition weekly in order to stay on top of everyone else. This is how we are able to offer such impeccable customer service.

- When in the process of getting your loan you may be anxious to get your cash fast but just remember that this is serous business and with loan amounts ranging from $500 - $50,000, you dont want to give them any reason not to trust you. Be courteous and act professional. Remember patience is a virtue you cant afford to lose.

- True, you are not selling your vehicle but it pays to think like one. Make sure its clean and in good condition. Remember, you are keeping your car during the loan. Help them believe you are going to take care of the collateral and not trash it before its paid off.

The general public is not aware that car title loan companies are very flexible with the items they can accept for collateral. Generally anything that comes with a title (a legal piece of paper that declares ownership) can be considered for a title loan.

These are just a few examples:

- Fleets of cars, trucks, vans or other vehicles are acceptable. You can get a loan for any or all of the fleet if all of the titles are in your name and lien-free.

- Maybe you own a second or third car. Motorcycles, boats, R.V.s and trailers even qualify for consideration.

- Construction and farm equipment. Remember, if you have a clear title its probably negotiable.

- Even classic cars and antiques. Title lenders know the value of your car. Thats their job.

You want to see if you qualify? Simply fill out the quick online application and a representative from our company or from one of the thousands in our network will review your application and determine the basic value of your vehicle in order to pre-approve your loan.

Next, you will need to schedule an appraisal where the company that is going to issue the loan will inspect the vehicle to determine the value of the offer. They may want to take photos.

When you accept the offer and sign for the loan they may want a spare set of keys and remote for the alarm. They will usually keep these secured in your file. Remember, they dont want to take your car unless you leave them no other choice. They want your money, not your car. Repos are very expensive and reselling cars takes time and money. Trust us, its a headache we dont want to deal with at all.

Now weve given you a good amount of information. Isnt it time to stop wondering and find out how much you can actually get for your title? There is no obligation until you sign on the dotted line. Go ahead, APPLY NOW!