California Auto Equity Loans

Auto equity is the amount of a car's value the owner actually owns. So how much of your car do you really own? If you want to borrow with a title loan, you need to determine how much equity you have in your vehicle.

The current value of your car must be higher than the outstanding loan balance if you are to be approved by a lender. If a car is not yet paid off, the lending company that financed the car loan owns part of the auto equity. Most lenders will only approve an auto equity loans online if you own a vehicle that is paid off or nearly paid off.

How to Assess the Value of Your Car

The Kelley Blue Book is a popular resource to determine a used car's value. This research tool lets you search for your car's make, model and year, as well as add the appropriate options to get the car's value.

The Kelley Blue Book gives you the retail value, the private party sale value, and the trade-in value. The trade-in value (sometime equal to the wholesale value of the vehicle) will be the most instructive when you're seeking a title loan. Lenders will factor in this calculation to determine how much they can afford to lend you.

Applying for Auto Equity Loans Online in California

Applying for title loans online is usually very easy. Most top lenders will allow potential borrowers to input all of the information need for approval on their website. Consequently, you may get approved almost instantaneously in many cases.

Wilshire Consumer Credit is a lender licensed to operate in California and several other states. They feature a user-friendly online application that allows consumers to input all of the relevant information on their vehicle to determine the size of the title loan that they are qualified to obtain.

They offer auto equity loans with flexible repayment options and competitive interest rates. They can also get you cash in hand as soon as 48 hours after approval.

So, if you want an auto equity loan, apply online through the form here. You could get approval in as little as few minutes!