There are countless companies that will provide you with a car title loan in Grand Prairie. However, they are not all created equal. Before you sign on the dotted line with anyone else, consider the benefits of choosing VIP Finance.
Look at the Interest Rate
Your car is collateral for title loans, so the risk to lenders is minimized. We don’t believe in charging high-interest rates like our competition. While they charge an annual percentage rate of 150 to 300 percent, our annual rate is an impressive and low six percent.
Principal and Interest
Every loan payment made to VIP Finance will go towards interest that has accrued that month with the balance paying down your principal. With other lenders, they start by taking their full interest, and the amount you owe doesn’t go down. Avoid this problem by choosing the right lender for your loan.
Insurance Against Breakdowns and Accidents
There is nothing more frustrating than owing money on a car that is either wrecked and hauled off to the junkyard or is broken down and sitting in the driveway. Other lenders feel your pain and appreciate your position, but you are still going to have to repay their loans. We truly appreciate how frustrating this is, and that’s why we offer you insurance.
With our Lender Approved Auto Club, you will have insurance against accidents and breakdowns. All you have to do is turn the car over to us, and you won’t owe any more money on the loan. This protects us and you, and it’s one more reason why VIP is the right choice.
We’ll Work with You
Things happen, and we know that you might have a month where you’re a little short on money. Most other lenders have strict requirements regarding late payments, and you can get hit with sizeable fees.
We take pride in working with our customers. If you are going to be a little late, just give us a call and we’ll work something out.
We have the most lenient policies regarding late and missed payments in the industry.
Borrow the Full Value
Most other title lenders will only make a loan if the car is paid off, and they will only let you borrow up to 50 percent of the car’s value.
We are committed to our customers, and we will make a loan for up to 100 percent of the value.
One-Year to Repay
Other lenders give you 30 days to repay the loan. If you don’t have the money, they’ll roll the loan over for a fee. You wind up with a revolving loan that never pays down and becomes a massive financial burden. We let you take up to one-year to repay the loan with minimum payments of only $100.
Other Collateral Items
We don’t just make loans on cars.
You can also borrow money against recreational vehicles, motorcycles, and industrial equipment.
If it has a clear Texas title, we can help you with a loan.
VIP Finance has the lowest rates in town, and we offer the best customer service.
When you need money to deal with a financial emergency, let us help you with a cash loan against your car.