Are You In the Market for a Car?

Are you thinking of getting a new (or new for you!) ride? Car searching is exciting! There are so many great options available, and it is fun to imagine life in your new vehicle! However, it can be frustrating at times, too. It’s a big decision for most of us, and there’s pressure to make “the right choice”, but it requires time and effort to research before you actually bite the bullet. Hopefully, this blog will help you learn more about the preliminary stages of how to purchase a vehicle. This information is merely suggestions for the process, so please use it as a reference only.

First things first – you’ve got to have the either the money or the financing to make this work. If you have the cash, then GREAT! If not, then you’ll need to contact a money-lending source to discuss your financing options, and determine the right rate and payback plan that suits your lifestyle.

Next, are you looking to purchase a new or used vehicle? This will help you narrow down what your options are. Riding up and down new and/or used car lots is a good start. This way, you can get a feel for what you like. Do you want a sedan, a hatchback, a van, a truck, or an SUV? If those don’t suit you, there are other options as well. Are you thinking 2–door or 4-door? And how many seats will you need? Third-row seating is becoming more and more popular, especially with larger families, so that’s something to consider. How about the gas mileage? And, how many miles do you want on this vehicle?

If you’re definitely buying a previously owned car, you’ll want to ask how many previous owners it has had. Once you have that nailed down, you should get the history of the car, including any maintenance it has received. There are many questions to ask when purchasing a vehicle, which is why looking at options online is also a great idea. You can visit the lots and get a feel for what you like and then go online to various websites like KBB.com, AutoTrader.com, or Cars.com, just to name a few. These sites have an awesome application set up so you can plug in exactly what your ranges are for pricing, mileage, colors, and other categories to help narrow the search. You can even select the radius you are willing to travel to see this car.

Let’s say you find the car you want. Good job! But, before sealing the deal, there are few more steps to take to help ensure a seamless process. (1) Have a mechanic fully inspect the car and get his or her professional opinion on the health of the vehicle. The mechanic will want to determine whether or not the car has been in any previous accidents or has had damage. (2) Run a history report on the car and read the details. Carfax.com can help you with that. (3) Be cautious of signing an “as is” statement because once that’s done – it’s done! See if you can have a window of time with the vehicle (like 30 days) before it’s completely secured. Lastly (4), have your ducks in a row with your financing before going to purchase the car.

And, finally, even if you find yourself in the clear to make the purchase, you may want to consider consulting with someone you trust before signing the dotted line! It’s always nice to share your ideas and plans with a friend.

About TitleMax®

TitleMax® is pleased to be one of the nation’s largest and most reputable car title loan companies. It can offer fast approvals on short-term car title loans and car title pawns. The TitleMax® customer service team is thrilled to provide its customers with a fast and simple process. Getting a loan or pawn with TitleMax® typically takes as little as 30 minutes – we make the most of our time! Stop by any of our 1,000 locations for more information. We do not run a credit check on our customers, so do not worry about your credit history at all. We will not ask for proof of insurance, and, the best part is, you get to keep driving your vehicle!

To secure your car title loan or pawn TODAY, all you need are three items:

  1. A vehicle registered in the applicant’s name
  2. A clear, or lien-free, car title
  3. A government-issued ID

If you need quick cash and have the items mentioned above, stop by one of our 1,000+ locations to be approved quickly for the TitleMax® loan you are ready to get!

– California Residents: As of January 1, 2020, TitleMax of California, Inc., d/b/a TitleMax, no longer originates new loans in California. TitleMax will continue to service existing loans originated before January 1, 2020. California Finance Lenders Law License No. 603K014. Please see our California Resident Notice at Collection and Privacy Policy: Submit a Verified Consumer Request to understand what information we collect, disclose, or sell, to request that we delete your information, and/or opt out of selling by clicking Do Not Sell My Personal Information.

– In Georgia, TitleMax offers Title Pawns.

– Illinois Residents: As of March 23rd, 2021, TitleMax® of Illinois, Inc., d/b/a TitleMax, no longer originates new loans in Illinois.

– New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.

– In Nevada, title loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction. Ability to repay analysis with income documentation required.

– In Tennessee, TitleMax offers title pledges, and secured and unsecured Lines of Credit (“LOC”). Only one LOC account allowed per customer, inclusive of other lenders. LOC customers are subject to a periodic income (and collateral, if applicable) review/validation.

– TitleMax of Texas, Inc. and TitleMax Online of Texas, Inc., d/b/a TitleMax acts as Credit Services Organizations to assist customers in obtaining a loan through an unaffiliated third-party lender. Please see store associate for details. Please see Texas Schedule of All Fees. TitleMax does not offer pawn loans or pawn transactions in Texas.

– TitleMax of Virginia, Inc. d/b/a TitleMax is licensed by the Virginia State Corporation Commission, license number VTL-11. As of January 1, 2021, TitleMax of Virginia, Inc., d/b/a TitleMax, no longer originates new loans in Virginia.

– TMX Finance of Virginia, Inc. d/b/a TitleMax Loans is licensed by the Virginia State Corporation Commission. As of January 1, 2021, TMX Finance of Virginia, Inc., d/b/a TitleMax Loans, no longer originates new loans in Virginia.

– TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.

1 Title-Secured Loans, Secured LOCs and Title Pawns: Maximum loan amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies for and accepts both the Pledge max of $2,500 and Secured LOC max of $4,000. Minimum loan amount for title-secured loans in South Carolina is $601.

Must be at least 18 years of age (19 in Alabama). Account approval requires valid government-issued ID, a credit inquiry, and a motor vehicle appraisal. Certain other eligibility requirements and terms & conditions apply. Loan/LOC/Pawn amounts vary by states and product. LOC customers are subject to a periodic collateral review to maintain credit limit.

Proof of income documentation and ability to repay analysis is required in Missouri, Nevada, some Texas locations, and Utah.

Refinancing is not available in Mississippi or Tennessee.

2 In-Store Personal Unsecured Loans: Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. To apply, bring in proof of income (dated within the last 30 days), active bank account details (dated within 45 days), proof of residency, a void check, a valid government-issued ID, and in AZ, a valid AZ vehicle registration in your name. LOC customers are subject to a periodic income review/validation to maintain credit limit.

Unsecured loan/LOC products not available in all stores or states. Minimum/maximum loan/LOC amounts vary by state; not all loan amounts available in all states. Max loan/LOC amount for first time borrowers is $1,000 ($500 in AZ). Returning customers with a good payment history may qualify for higher amounts, currently up to $2,500 in most states. Without SSN or ITIN: Max loan is $300. Certain other terms and conditions may apply.

3 Online Personal Unsecured Loans/LOCs: Must be at least 18 years of age. Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. To apply, you must provide proof of steady income (within 30 days), valid and verifiable bank account (statement dated within 45 days), a voided check, valid and active email address and telephone number, valid SSN, valid government-issued ID, and you must reside in the state in which you are applying (currently AZ, DE, KS, MO, MS, SC, TN, TX, UT or WI) and provide proof of residency. In AZ, must present valid AZ vehicle registration in your name. LOC customers are subject to a periodic income review/validation to maintain credit limit.

Minimum/maximum unsecured online loan amounts vary by state: SC min is $610. Maximum unsecured online loan/LOC amount for first time borrowers is $1,000. Returning customers with a good payment history may qualify for higher loan amounts, currently up to $2,500. Certain other terms and conditions may apply. Unsecured online loan products and amounts not available in all states. TN customers: Only one LOC per customer, inclusive of other lenders.

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