Auto Equity Loans

UPDATED AND COMPLIANCE REVISED ON 05/29/2024

It’s no secret that many people are facing financial struggles. Living costs are rising and it’s harder to save money. A survey conducted by the American Psychological Association in 2023 revealed that 65% of adults are stressed out due to financial stress. If you find yourself in a situation where you need to boost your cash flow, or you’re unable to pay bills, you may be thinking about borrowing money. Taking out a car equity loan can provide a solution if you are anxious about money or you need a quick cash boost, including for those with bad credit history. 

When you find yourself in need of quick financial assistance, an auto equity loan might be the perfect solution, especially if you have bad credit. Champion Cash Loans understands the urgency of your needs and offers a variety of auto equity loan options to help you get the funds you require swiftly and conveniently. Whether you’re in California, Texas, or anywhere else across the nation, our services ensure that you can find an “auto equity loan near me” with ease.

What is an Auto Equity Loan?

Understanding Auto Equity Loans

Auto equity loans are secured loans where your car serves as collateral. These loans are ideal if you need quick cash for emergencies, medical bills, or sudden expenses.

Auto equity loans, also known as car equity loans and vehicle equity loans, are secured loans, which enable you to borrow money against the equity in your car. Equity is calculated by taking the balance of the auto loan from the current market value of the vehicle. If you have equity in your car, and you’re looking to borrow money, it’s worth considering an equity loan for a car. 

Online auto equity loans are similar to home equity loans. Instead of borrowing money against the equity in your home, you take out a loan based on the equity in your vehicle. If your car is worth $25,000, for example, and your outstanding loan balance is $10,000, the equity will be $15,000. 

How do Auto Equity Loans Work?

If you choose to take out an auto equity loan, your car will be used as collateral. The lender will offer you a loan based on the equity you have in the vehicle. If you don’t have an outstanding debt to pay on your car or truck, and the balance is $0, your equity will be equivalent to the market value of the vehicle. Lending terms vary, according to the provider you choose. Some companies will offer you the total value of the equity while others may set a maximum fee, which is higher than the equity value. 

Equity car loans are an excellent option for individuals who are looking for a short-term loan. With this option, you can borrow money against the equity in your car without handing the vehicle over. 

Auto equity loans allow you to leverage the equity in your vehicle to secure a loan, even if your credit history isn’t the best. This makes auto equity loans for bad credit an accessible option for many who might not qualify for traditional lending options. At Champion Cash Loans, we specialize in providing the best auto equity loans for customers with less-than-perfect credit scores, ensuring that you get the financial support you need without the stress of stringent credit requirements.

At Champion Cash Loans, we offer auto title loans on a wide range of vehicles, including cars, trucks, motorcycles, and RVs. Get started today!

APPLY FOR A LOAN

What are the Advantages of an Equity Loan for a Car?

The main benefits of a loan on car equity include:

  • Access to better interest rates than some other loans. This is because auto equity loans are secured, with the car acting as collateral. Auto equity loans are less risky than other types of loans as the lender can repossess the vehicle if the individual misses payments.
  • Higher chance of approval: if you have equity in your car, there is a high chance of approval for a loan compared to some other types of loans. This is due to the relatively low level of risk for lenders. 
  • Available to vehicle owners who don’t own their home: auto equity loans are available to a wider range of people, as you don’t have to be a homeowner to borrow money against your vehicle. 

Is an online auto equity loan right for me?

When you’re thinking about borrowing money and taking out a loan, it’s critical to take the time to research, find out more about different types of loans and weigh up the pros and cons based on your requirements. A car equity loan is a good option in the following circumstances:

  • You have equity in your vehicle
  • You are looking for a short-term loan
  • You want a loan that has relatively lower interest rates than other lenders (We can help!)
  • You can afford the repayments on a vehicle equity loan

If you’re unsure whether an auto equity loan is right for you, our friendly, experienced team is on hand to offer advice and provide information. At Champion Cash Loans, we specialize in equity car loans and we have worked with a wide range of clients, offering solutions that align with their needs and preferences. If you have any questions, don’t hesitate to get in touch. 

How do I find a vehicle equity loan?

Who offers auto equity loans?

Champion Cash Loans is among the best auto equity loan companies, renowned for our reliable service and competitive rates. We stand out as a prime lender in the field of car equity loans bad credit, offering flexible terms and quick disbursement of funds. Whether you’re searching for a car equity loan near me or an auto equity loan lenders who can offer comprehensive support and guidance, our team is here to assist you every step of the way.

To find a vehicle equity loan, you can search online for auto equity title loans near me, ask people you know for recommendations, read reviews, or call or email reputable lenders. Champion Cash Loans is a leading online auto equity loan provider with a proven track record. We have a dedicated team of agents ready and waiting to help you get started.

To start your application or find out more about our auto equity loans, simply apply on our completely online instant title loans form or contact us at 1-888-798-1970. 

What Information Will I Need for my Car Equity Loan Application?

If you’re ready to apply for a car equity loan, you’ll need to answer some quick and simple questions. Our agents will ask you about:

  • The make and model of the vehicle
  • Vehicle condition
  • Mileage
  • Age
  • Trim

Champion Cash Loans offers options for applicants with bad credit scores. If you have equity in your vehicle, we’ll go the extra mile to help you get the cash you need with the car as collateral.

Why choose Champion Cash Loans?

Our loan services span across major states including California and Texas, allowing us to offer tailored solutions like auto equity loan California and auto equity loan Texas, specifically designed to meet the local needs and regulations of each state. Additionally, for those looking to avoid the hassle of in-person applications, Champion Cash Loans offers auto equity loans online. This digital approach simplifies the borrowing process, enabling you to apply for an online auto equity loan from the comfort of your home.

Here are some excellent reasons to choose Champion Cash Loans for an auto equity loan:

  1. We’ll always offer/find you the lowest rates possible
  2. We have a proven track record
  3. We’re here to help our customers
  4. We offer loans on a wide range of vehicles
  5. We take care of everything in-house to provide a seamless experience for our clients
  6. We do not assess any prepayment penalties on car equity loans

Champion Cash Loans offers title loan locations nationwide, get more information on how you can apply and get instant approval in your state.

If you’re wondering where can I get an auto equity loan or who offers auto equity loans, look no further. Champion Cash Loans is committed to providing best auto equity loans for bad credit, ensuring that every client has access to the funds they need when they need them the most. Explore our vehicle equity loans near me and discover how easy it is to secure the financial assistance you require through Champion Cash Loans.

Ready to talk? Call us now!

APPLY FOR A LOAN

How Auto Equity Loans Work Infographic

ID-18167-Proof

© 2024 Champion Financial Services DBA. Champion Cash Loans

DISCLOSURES TO CFS VEHICLE SECURED TITLE & PERSONAL LOANS

California: All loans are made or arranged pursuant to a California Finance Lenders Law License Number: 60DBO-35846.
Arizona: Loans made pursuant to Arizona Department of Financial Institutions Sales Finance Company License SF-1005405.

*Our loans can be up to $50,000 depending on certain factors. Depending on the time when the application is submitted, the funds could be given the same day or next day.

**Loans with an annual interest rate of 36% are limited to loan amounts between $2,500 to $9,999.00, while supplies last. The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant, lender, and the law requirements of those terms. Minimum loan amounts, terms, and rates may vary by state. Consumers need to demonstrate the ability to repay the loan.

THIS LOAN (Auto-Tile or Personal Loan) IS NOT INTENDED TO MEET LONG-TERM FINANCIAL NEEDS. Loan proceeds are intended primarily for personal, family, and household purposes. This service does not constitute an offer or solicitation for consumers in all states. This service may not be available in your particular state. The state of this site services may change from time to time without notice.

The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant, lender and the law requirements of those terms. Minimum loan amounts may vary by state. Consumers need to demonstrate the ability to repay the loan.

CFS Investments is licensed or registered as a finance lender as required by applicable state law and does not offer or service student loans. CFS Investments is not providing financial advice and does not warrant the accuracy of information as it subject to change without notice about its current product guidelines.

*CFS Investments may act as the broker for the loan, and may not be the direct lender or servicer of your loan. All loan applications are subject to meeting underwriting and credit criteria, which includes providing acceptable property as collateral. The actual loan amount, term, and Annual Percentage Rate of the loan that an applicant qualifies may vary by applicant. Minimum loan amounts may vary by state. Consumers need to demonstrate the ability to repay the loan. Credit Approval is subject to the credit criteria standards. A bank account is required as a condition and in order to obtain a Persona Loan. Loan proceeds may need to be disbursed via Automatic Clearing House (“ACH”) to the borrower’s bank account. The actual availability of funds can vary based on bank processing times, daily ACH deadlines, and weekends and holidays. Inquiring for a personal loan and its minimum requirements does not impact your credit score, however, completing a full application may affect your credit score.

CFS Investments, Inc. dba Champion Financial Services, Top Cash Loan, and PrestaQuickly. The terms and conditions set forth within the “General Terms and Conditions, up to and including but limited to the “Wireless Policy” applies to all CFS Investments, Inc. owned or operated websites in the aforementioned “DBA’s”.

If you are using a screen-reader and are having problems using this website, please give us a call at 1-888-798-1970 for immediate assistance.