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Calculating Your Auto Equity

CalculatingA car title loan is an easy way to access cash very quickly. If you are the owner of a vehicle that is completely paid off and the title is clear, you are eligible to borrow against the value of your car or truck. How much you can borrow will depend upon the equity that you have in the vehicle. There are ways to estimate the amount of equity before you actually begin the process of applying for a car title loan. A number of factors will go into determining that amount.

The Make And Model Of Your Car

The instant you drive your car off the lot it begins to lose value. Some makes and models will hold on to some of that value a little better than others. Certain cars and trucks are more popular than others. A vehicle’s brand, its reliability, and its safety rating will also play a role in how well it maintains its value as compared to other vehicles.

Condition Of The Vehicle

If your vehicle has been well maintained, it will most likely be worth more should you go to sell it. Regular oil changes, rotation of tires, and replacement of fluids can help a car on the road for a long time. Maintaining its appearance is also important as those that look better than others are normally worth more.

Vehicle History And Mileage

The more miles that are on the car or truck, the more its value will decrease. That combined with the vehicle’s history will have a lot to deal with the value of it. Any vehicle that has been in an accident and is damaged will be worth less. Cars or trucks that have rust are also are less valuable.

Your Location

Where you are located may also play a role in how much your vehicle is worth. A sharp-looking convertible is probably worth more in sunny California or Florida. Likewise, a 4×4 truck that is outfitted for snowy weather is more desirable in North Dakota or Michigan than it is in Texas.

Accessing Your Equity

A title loan company like Embassy Loans of Florida will use these factors to determine a value for your vehicle. Most title loan companies will only offer about 50 percent of the vehicle’s equity in cash. If the borrower fails to repay the loan, the title loan company must make sure that it can sell the vehicle and recover its losses.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.