Car Title Pawn for Emergency Situations

Posted by Azizam Taylor on January 17th, 2020

When you have unexpected expenses or need money to cover utilities or other bills, pawning your car or motorcycle title could be an easy way to get cash without going through the process and uncertainty of applying for a traditional loan. It allows you to take out your car’s equity while keeping the use of your vehicle. Once you’ve pawned the title to your car or motorcycle, you will be required to make monthly payments on the value of the title until you’ve paid back the amount of the pawn, often with additional interest.

If you’ve decided to follow this route and are wondering, “How do I pawn my car or motorcycle title?” here is a short, general outline of the process to pawn a car or motorcycle title. The requirements for pawning your car or motorcycle title vary slightly from state to state, but the overall process is simple. To pawn your car or motorcycle title, you’ll generally need these things:

• Your car or motorcycle
• The lien-free auto title to your vehicle that lists you as the owner
• Government-issued identification, like a driver’s license or state ID
• Proof of income

Many car title loan companies require that you own your car outright, without other liens or title loans. Proof of income may be employment, Social Security, pension, or another dedicated source of income. This is to be sure you have a means of paying back the value of the pawn. Learn more at https://spacecoastdaily.com/2020/01/everything-you-need-to-know-about-car-title-loans-in-california/