Capitol Title Loans Answers Your Questions
What Is An Auto Title Loan?
Auto title loans provide cash quick, when you need it. In a manner of minutes, you can borrow the money you need to pay bills, fund a vacation, or whatever you like. With a title loan, you are borrowing against the equity in your vehicle; your vehicle must be lien-free in order to qualify. Most clients repay the loan within several months. By using a title loan, you are free to drive your vehicle as you desire; you retain ownership and use throughout the repayment period of the loan.
Can I Get An Auto Title Loan In Delaware If I Have A Current Loan On The Vehicle?
No. Title loans are for individuals that have cars that do not have any current liens or loans against them. Once approved for the loan, you will be required to provide Capitol Title Loans of Delaware the title for your vehicle. Upon repayment of the loan, we will return your vehicle title to you.
How Do I Qualify For A Loan?
We do not check credit scores to determine your eligibility for a vehicle title loan. Your vehicle is all the collateral you need to get money fast, when you need it. Visit us, with your vehicle’s title in hand, and we will appraise your car to determine the amount in which we can lend you. In a matter of moments, you can receive the money you need in Delaware for whatever bills or expenses have arisen.
How Much Can I Borrow On A Car Title Loan?
Title loans vary based on the appraised value of your vehicle. Capitol Title Loans lends up to 50% of your vehicle’s wholesale value, much higher than our competitors that typically lend only up to 30% of the wholesale value of your vehicle.
What If I Have Bad Credit?
Capitol Title Loans does not base the loan decision on credit history. We are primarily concerned with the age and condition of your vehicle, that you have a lien-free title, that you have current automobile insurance, and that you have a valid driver’s license. Your bad credit score, or lack of credit does not weigh into our decision; rest assured that when you need fast cash in Delaware, we are here to help.
Can I Still Drive My Car?
Absolutely! To secure your loan you will turn over the title to your vehicle, not your vehicle itself. You are free to drive and use your car as you normally do.
How Do I Apply?
You can apply for Capitol Title Loans by phone, online, or in person. We have 3 convenient locations to serve you:
772 Pulaski Hwy, Bear DE
241 S. Dupont Hwy, New Castle DE
227 N. Dupont Blvd, Smyrna DE