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How to Check a Car Title History

Car TitleWhen you purchase a vehicle, you will take ownership of it and the proof that you do in fact own the car or truck is provided by the vehicle’s title. A title is a certificate that establishes ownership. Normally, titles are issued by a state’s Department of Motor Vehicles or Department of Transportation. Before buying a new vehicle, you should check the title’s history to ensure that you are not purchasing something that will give you headaches in the future. Here is how you can check a title history.

 

Understanding a Car Title

 

As stated, car and truck titles are issued by a state entity. Each title contains information about the owner of the vehicle as well as information about the vehicle itself. All titles will contain a vehicle identification number or VIN. A VIN is unique to each vehicle and can be found inside the door jam on the driver’s side, on the dashboard, or on a strip on the vehicle’s engine. Make sure to check the VIN on the vehicle and see that it matches the VIN on the title.

 

Look at the Mileage

 

There is a space for the mileage on the title. When a brand new car is bought, the dealer will have the mileage listed on the title. In buying a car, check the odometer for the current mileage and compare it to the mileage on the title. Check the date to see when the owner took possession of the vehicle. You should be able to tell if the car’s odometer has been tampered with by examining the number of miles driven on the car.

 

Has the Vehicle Been Damaged?

 

If the vehicle you are about to buy has had a history of damage, you can find it by examining the title history. A car that has been in an accident or has been damaged by a natural disaster will have an indication on the title. You can also see any title changes as well as a record of emissions testing on the vehicle by examining the title.

 

Beware of Specific Labels on the Title

 

Different states will use different codes, but, for the most part, most states label a title as “S” for salvage for vehicles that have been demolished in an accident. Some sellers will try to hide a salvage designation by saying that the title has been lost or transferring the title to a different state. If there are any warning signs involving a car’s title, stay clear of making a purchase.

 

Look at Lien Holders

 

Car owners can take out car title loans from lenders such as Embassy Loans using their vehicle as collateral. Embassy Loans’ name would appear on the title as a lien holder. As a buyer, you may be able to find out the amount owed on the vehicle and make an offer accordingly.



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.