What do I need to get a loan?
You will need to bring in the following things when you come in to your loan appointment:
2: Spare Key
3: Proof of Income
4: Proof of Address
Without a spare key, we may still able to make a loan, but the maximum loan amount will be reduced.
How do your loans work?
Most of our customers opt for a vehicle installment loan instead of an interest-only renewable, title loan (differences). An installment loan acts like a very typical loan where payments are steady and predictable. Every payment puts some money toward interest and some money towards principle. Our loans are generally no longer than 12 months. Even if you have a 12-month loan, you are free to pay it off early with no prepayment penalty. Interest is calculated daily, so if you only have the loan for 18 days – you only pay 18 days’ worth of interest.
How do I make payments?
If you can think of a way of getting a payment to us, we’ll take it! We are not going to get in the way of you paying on your loan. Unlike other title lenders, we will take personal checks and even credit/debit cards.
What interest rate do you charge?
We charge 12.5% per month, which equates to a 150% APR. Some circumstances allow us to charge even less like in the case of a long-time customer, high collateral to loan value, or other factors. We guarantee to be half or less than any other treasure valley title lender. Simply bring in your contract or show us the current rate!
What kind of titles do you loan on?
We lend on any property title by the DMV. This can be a boat, ATV, car, semi-truck, etc… We prefer Idaho titles, but can make exceptions depending on the circumstances. The title must be in the borrower’s name or the cosigner’s name. We are unable to lend on collateral that is being used as a residence. So an RV used for camping is ok, but if it is currently being lived in, we can not lend on it.