Albuquerque Title Loans Are Available on Cars, Trucks, Vans, & SUV’S
We provide quick cash car title loans in Albuquerque and all of New Mexico. We do title loans on cars, trucks, vans, and suv’s. We also do loans on salvage titled vehicles.
If you are not very familiar with Title loans they are short term high interest rate loans.
They’re basically emergency loans used when you are caught in a bind and don’t have any other resources from friends or family.
Car title loans cater to people that poor credit. high interest/means high risk based off of credit.
Borrowers get to keep and continue to use your vehicle while paying the debt off of their title loans. Many people depend on their vehicles for work like Uber, Lyft, and delivery drivers. Construction workers, Gardeners, Locksmiths. Having access to your vehicle increases borrower confidence that the loan will be paid off.
Title loans in New Mexico are typically needed when unexpected circumstances occur
In today’s economy most people live pay check to pay check and don’t have money saved up.
With a car title loan your vehicle is the collateral. If you default on payments your vehicle can potentially get repossessed. Some typical unexpected occurrences are.
- Bail money to get out of jail
- Medical expenses. Emergency surgery needed
- Home repairs, water damage, plumbing, electrical
- Funeral expenses
The loan is typically determined by the borrowers current income and half of the value of the vehicle.
Please bring the following with you for title loans in Albuquerque
- Bring your state issued id
- Auto insurance on the vehicle
- Clear title on the vehicle
- The vehicle must be in good running condition.
New Mexico Title Loan Requirements
New Mexico Title Loan Laws – Protect yourself and know your consumer rights. Know what you are getting into before you do it.