This works in a way that the lender will be placed as a holder of a lien on your vehicle. This will be based upon the condition of the car or motorcycle and what the mileage might be.
In order to process the entire application and receive your cash please have these things ready when the deal is being processed.
- Government issued identification
- Title to your vehicle in which is clean and free of previous liens or markings on the back
- A list of references – 3 mandatory ones, they will not be contacted immediately to verify only if we are unable to reach you for payment
- Any documents that you can use to help prove income that could increase the amount of money you are lent.
If you are quoted an amount by an underwriter you are not forced to take that amount and can take less, based on your current financial situation in which your payments will be gone over.