Refinance a Car Title Loan at Auto Money
Looking to lower your payments? Auto Money can help! In fact, we’ve lowered monthly payments for thousands of satisfied customers. Our team believes that your financial stability should be based on more than your credit score, which is why we provide assistance to all types of customers.
If you already have a car title loan and feel that you are overpaying, our team will consider various options for refinancing your car title loan to try and find you a lower rate.
You’ve got nothing to lose – and money to save! Get in touch to find out if a car title loan refinance is right for you!
WHAT TITLE LOANS WILL AUTO MONEY REFINANCE?
TITLE LOANS Offered
Car Title LOANS (TRUCK, SUV, SEDAN,HATCHBACK ETC.)
Motorcycle Title LOANS
*IN SOUTH CAROLINA, WE OFFER TITLE LOANS ONLY
TITLE PAWNS Offered
Car Title Pawns (TRUCK, SUV, SEDAN,HATCHBACK ETC.)
Motorcycle Title Pawns
*IN GEORGIA, WE OFFER TITLE PAWNS ONLY
• Fast Cash Today • Any Car, Any Year • High Approval Rates • Past Bankruptcies & Bad Credit OK • You Can Keep Driving Your Car •
HOW TO REFINANCE?
5 STEPS TO REFINANCING A TITLE LOAN WITH AUTO MONEY
Step 1: Contact Auto Money directly.
Step 2: Give your current loan information to a qualified Loan Officer
Step 3: Allow Auto Money’s Loan Officer to show you how much you could potentially save each month.
Step 4: Send in all the necessary documents and items the Loan Officer needs.
Step 5: Start enjoying lower payments!
ADVANTAGES OF REFINANCING A CAR TITLE LOAN
REDUCED MONTHLY PAYMENTS
Auto Money can help lower your monthly payments – and your stress levels! We’ve simplified the process to meet your needs, so let’s get started!
AVOID DEFAULTING ON YOUR CURRENT CAR TITLE LOAN
Refinancing can prevent you from defaulting on your current car title loan. Plus, you’ll get the cash you need AND you can keep driving your car!
BORROWING ADDITIONAL CASH
That’s more cash for you to handle unexpected expenses when they arise.
LOWERING INTEREST RATES
We’re proud to offer our valued customers some of the most competitive interest rates available!
EASY SHORT-TERM LOANS
As a well-respected lender, we provide our customers with clear, easy to understand loan terms. Our representatives are happy to help, so don’t hesitate to reach out with any questions!
NO BALLOON PAYMENTS
Some companies hold back a majority of the loan to be paid off during the final payment, which can be tricky for borrowers to afford. That’s why Auto Money never includes balloon payments in their loan agreements.
NO EARLY LOAN PAYOFF PENALTIES
Some car title loan lenders charge a penalty fee for paying loans back ahead of time! Not Auto Money! In fact, we encourage our customers to pay back their loans as early as they wish.
FULLY AMORTIZED LOAN
Some companies make you pay off your loan’s interest before the principal, causing payments to fluctuate. Auto Money spreads the principal and the interest across all your loans, so you’ll enjoy consistent payments.
ALREADY HAVE A TITLE LOAN WITH ANOTHER COMPANY, AUTO MONEY CAN STILL HELP YOU!
If you have a title loan or title pawn with another company, Auto Money may pay it off at a lower interest rate!
Interested?
WHAT SHOULD I BRING?
Be sure to bring the following with you:
- Government Issued Photo ID – such as a driver’s license.
- Proof of Residency – such as a utility bill.
- Proof of Income – such as a paystub or bank statement.
- Photos of the Vehicle – take photos straight from your mobile device and text them in!
- Qualifying Vehicle Title – with the borrower’s name on it.
- References – professional or personal.
Note: You may be asked for additional documentation, but only to confirm your information.
• Fast Cash Today • Any Car, Any Year • High Approval Rates • Past Bankruptcies & Bad Credit OK • You Can Keep Driving Your Car •
Title Loan FAQS
Where can I refinance my title loan in South Carolina?
Auto Money offers over 80+ locations within the Southeast. If you want to reduce your monthly payments, you can reach us directly. We will guide you through the process and help you refinance your loan with terms that better fit your situation.
View: Store Locator
Can I refinance my title loan to prevent default?
If you’re behind on your payments and worry that you may default on your loan, refinancing may be the solution. When you refinance your current loan with Auto Money, we’ll pay off the old loan and provide a new one. If you’re concerned about late payments, you can reach us directly for more details.
Will refinancing my car title loan result in a lower interest rate?
Seeking a lower interest rate is a common reason for refinancing. A lower rate makes it easier to pay off the loan and saves you money in the long run. Because your credit score factors into your interest rate, you may qualify for a lower interest rate than when you initially applied for the loan. Savings vary from one customer to the next, so reach out to us directly for more details.
What’s the process to apply for a refinance title loan?
The refinance process is very similar to the initial loan application. Your current loan and financial situation will first be evaluated before determining if we can work with you to offer a better car title loan.
When you apply to refinance your loan, we’ll need to:
- Check your credit score
- Have access to your car title
- Appraise your car’s value
- Determine your ability to repay the loan
All Auto Money needs from you is your car title! We’ll check your credit and handle the rest.
Can I be a qualified borrower for a car title loan refinance if I’m still making payments on the vehicle?
Many people wrongly assume that they won’t qualify for a car title loan refinance if they have not finished paying off their original loan from the car dealership. Not at Auto Money! We may still be able to refinance your loan if you have another lender associated with the title.
But there is one exception to this rule: If you owe the car dealer more than the car is worth, you may not be able to refinance your car title loan.
Will a refinanced loan offer me even more money?
It depends. Depending on the situation, you might be able to borrow more money by refinancing.
Can I refinance my motorcycle title loan?
Just like a car title loan, a motorcycle title loan is eligible for refinancing.
What is a car title loan buyout?
A car title loan buyout can look different ways, but in general, it involves one party making a significant monetary contribution that benefits another party.
For auto loan lender buyouts, if a borrower is still making payments on their car, an auto title loan company can lend enough money to cover the balance due. Buyout via car title loan refinancing – When borrowers have an existing loan, but want to get a new loan, or work even with a new lender, they have the option to refinance their loan. Often, refinancing can come with a lower interest rate, lower monthly payments, more favorable loan terms, and more!
Do car title loan refinances have hidden fees?
If you refinance your loan with a local lender you trust, there shouldn’t be any hidden fees in your loan terms. Terms should be easy to understand, without balloon payments or prepayment penalties.
Can I extend the length of my refinanced car title loan?
In some cases, it is possible to extend the length of your refinanced car title loan. If they are able, lenders typically allow borrowers to roll their loans over by providing them with a new car title loan that covers the balance of your original. While there may be some fees associated with this, borrowers can take advantage of the lower loan rate from their refinanced loan and the extended time they have to pay back their loan.
Can I refinance my title loan to lower my monthly payments?
One advantage of refinancing your current car title loan is the potential to reduce your monthly payment. Keep in mind that not everyone will qualify for the same APR because your interest rate is based on your credit score. For instance, higher credit scores often qualify for lower rates, while lower scores may see higher rates.
Can I refinance my title loan to avoid repossession?
With a car title loan, the lender has a lien against your vehicle, which means that if you fail to make payments on time, the lender can repossess your vehicle. If this is a concern, refinancing your car title loan may help! When you refinance, the new lender pays off the old loan and you start a new loan.
If you are at risk for repossession, refinancing the car title loan may help you. When you refinance the loan, you establish a new loan, and the new lender pays off the old (original) car title loan. When the loan is fully paid, the lien is removed from the vehicle, stopping the repossession.
What can I use as proof of income?
You may use any of the following as proof of income:
- Social Security
- Worker’s Compensation
- Settlement
- Alimony
- Child Support
- Disability
If I don’t have my vehicle’s title, is there a way I can still refinance a title loan?
No, you will need your vehicle’s title in order to submit a loan refinance application. If you lost or damaged your vehicle’s title, you can get a replacement title by contacting your state’s Department of Motor Vehicles (DMV). You will need to fill out a replacement title application and pay a fee in order to obtain this document. You can either receive the new title for your vehicle by mail or in person at a local DMV office.
Helpful Resources:
What would make someone NOT eligible for car title loan refinancing?
If you do not meet these requirements, you may not be eligible:
- Possess a clean car title
- Grant permission to run a credit check
- Partially or totally own your vehicle
- Have equity in your vehicle
Please note that vehicles with a salvage title (indicating serious damage) are not eligible for a title loan. These vehicles are considered a “total loss” by the insurance company and cannot be used as collateral to secure a new car title loan or refinance an existing car title loan.
Are there fees associated with refinancing a title loan?
Like most loans, refinancing a title loan comes with loan fees. These are detailed in your paperwork, available for you to review all terms, including loan fees, before accepting the new loan. There also may be additional fees for late payments. If you have any questions about fees, reach us directly for more details.
What do I need to refinance a motorcycle title loan?
If you want to refinance your motorcycle title loan, you’ll need the following:
- Qualifying car title in your name
- Proof of residence (Certain pieces of mail)
- Photos of your car (front, back, and sides)
- Proof of Income
- Government-issued I.D. (Driver’s License, State I.D., Passport, etc.)
What happens if I can’t pay my refinanced car title loan back?
If you’re having trouble making your monthly loan payment, contact your lender immediately. Borrowers who go into default may have their cars repossessed.
Once a borrower misses enough payments to go into default, their lender may be required to send them a right to cure notice. This notifies the borrower that they have a grace period during which they can pay the balance of the loan. Once any grace period runs out, the lender can begin trying to repossess the borrower’s car. Once the car has been repossessed, the lender typically auctions it off.
How do lenders decide if they will approve refinancing a car title loan?
Lenders use a similar process to determine eligibility for refinance to the one they use for your first loan. The size of the loan is dependent on:
- Value of your car
- Your monthly income
- Length of the loan
ALREADY HAVE A TITLE LOAN WITH ANOTHER COMPANY, AUTO MONEY CAN STILL HELP YOU!
If you have a title loan or title pawn with another company, Auto Money may pay it off at a lower interest rate!
Interested?
READY TO REFINANCE A TITLE LOAN? VISIT AN AUTO MONEY STORE NEAR ME
• Fast Cash Today • Any Car, Any Year • High Approval Rates • Past Bankruptcies & Bad Credit OK • You Can Keep Driving Your Car •
WHAT PEOPLE SAY ABOUT AUTO MONEY
Ashley W.
Amazing customer service and very sweet employees. They helped me through the process for the first time and was able to get me as much as they could so great full to them.
Lakisha S.
I came in asking for a certain amount & they met that price. Very nice, very professional. Even gave my children a snack. Highly recommend them.
Shannon B.
Great service! Appreciate Amanda for all her help!
Zackary L.
Great crew, great people. Wish I could give 10 stars!
Donte H.
I came in when the store was about to close, but the ladies at the store stayed after their shift and assisted us with such kindness. They were very courteous. Please go see them at the north main location.
Brittney A.
Amazing customer service. Made me feel right at home. Easy to communicate with and Shaina is the BEST and QUICKEST to go to. In and out in about 45 mins.
Stanton M.
Good people to do business with.
Shatasia S.
Only place I will ever come and get a title loan. Quick, Easy and Honest.
MORE HELPFUL RESOURCES
ALREADY HAVE A TITLE LOAN WITH ANOTHER COMPANY, AUTO MONEY CAN STILL HELP YOU!
If you have a title loan or title pawn with another company, Auto Money may pay it off at a lower interest rate!
Interested?
Title Loans in South Carolina
A title loan is a quick and easy way to get the cash you need, using your vehicle’s title for collateral instead of your credit score. The amount will be determined by our expert appraisers. Auto Money offers competitive interest rates and gives you the most money for your title with instant approval. And the best part is, you get to keep driving your vehicle!
SC Consumer Loans: Your Rights and Responsibilities
Disclaimer: This is a high interest loan. You should go to another source if you have the ability to borrow at a lower rate of interest. You are placing your vehicle at risk if you default on this loan.
Title Pawns in Georgia
A title pawn is a quick and easy way to get the cash you need, using your vehicle’s title as collateral towards borrowing money. At our Georgia Auto Money stores, you have 30 days to repay the title pawn. If you are unable to pay off the balance within 30 days, Auto Money’s professional and courteous staff is available to discuss repayment options with you.
Title Loans in North Carolina
Disclaimer: At Auto Money, we uphold all federal and state laws related to Title Loans. Title loan transactions are prohibited within the state of North Carolina.
Disclosure: This website is a solicitation for an auto title loan or pawn. This solicitation is not a unilateral contract or a guaranteed offer. All title loans and title pawns and the amount of the title loans or title pawns are subject to Auto Money’s approval that is contingent on several underwriting factors such as a completed loan or pawn application, your employment status, monthly income, and a vehicle evaluation.
* $20,000 instant approval loan or pawn amount is the maximum an applicant can receive. Actual amount of title loan or title pawn is subject to vehicle appraisal by an Auto Money employee and a complete application is required to be submitted and approved in-person by the party requesting a title loan or title pawn. Certain limitations apply. All title loans or title pawns issued by Auto Money are subject to the customer’s ability to repay the title loan or title pawn.
** www.automoneytitle.com is not an online lender. Applications are not processed or approved online. Personal information other than resumes that you submit to this website is an inquiry to receive more information regarding a title loan or title pawn from Auto Money. Any information you submit to this website will be forwarded to the Auto Money office closest to the ZIP code you have provided for the purposes of contacting you about a title loan or title pawn. Once your information is received and processed, you will be contacted by an Auto Money representative. Submitting your application is an agreement to be contacted by a member of our staff.
To see more of our Terms & Conditions, click here. For any further details, speak with us directly in-store.
