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How You Can Check Your Car Title History

Budget-in-LineAny time that you purchase a car, whether from a dealer, a friend or family member, or some other third party, you should always check the car title history first. You need to confirm that the title is clean and that the vehicle is not going to give you headaches in the future. You could purchase a car thinking it is in great shape, but it has actually been in several accidents and has been rebuilt a number of times. Here are some tips to understanding and checking your car title history.

 

What Is A Car Title?

 

Your car title is an official legal document issued by your state’s Department of Transportation or Department of Motor Vehicles. The document proves that you are the owner of the vehicle. The title contains information about you, the owner, and the vehicle. Your name and address will appear on the title as well as the make, model, mileage, and VIN (vehicle identification number). The VIN must match the VIN that is on the car, which is placed on the car on the dashboard and can be seen through the windshield.

 

Check The Mileage

 

A title will include the mileage of a vehicle when it was last purchased. You can compare the mileage on the title to that of the odometer to make sure that the vehicle has not been tampered with. A car that has been driven frequently for the past five years but has only registered 5,000 miles during that time period should send a red flag to anyone looking to purchase it.

 

Check Title Information

 

Any vehicle that has been in an accident, damaged by an act of God, or reported stolen will have a designation on its title. States differ in their terms of designation, but these terms can easily be looked up to figure out what has happened to the car in the past. Terms such as “junk,” “salvage,” and more are used to identify that a vehicle may have been damaged by flood, for example.

 

If a lien has been placed on a vehicle, that information is listed. Owners can use their car title to borrow money. Embassy Loans of Florida, for example, issues car title loans to owners who own their vehicle outright. The loan is based upon the value of the car or truck. Embassy Loans will place a lien on the title until the loan is paid in full. The lien information is found on the title.

 

Pay For A Review Of Your Car’s History

 

There a few websites that have access to a wealth of vehicle title information. For a fee, you can search the vehicle and receive its title history in a matter of minutes. This is especially helpful when you are buying used vehicles.



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.