Q: What is a pink slip loan?
A: An auto pink slip loan is a fast way to borrow money using the equity in your vehicle. Pink Slip loans are issued based on your ability to repay the loan.
Q: What are the minimum and maximum periods for repayment?
A: The repayment period is 12 to 48 months. There is NO prepayment penalty.
Q: What is the Max APR including interest rate + fees + any other costs for a year period?
A: 35.9047% APR (2.99% monthly) for qualified buyers.
Q: Do I get to keep my vehicle?
A: Yes, you can drive off with the cash.
Q: How do I apply?
A: Fill out our online application on the right side of this page.
Q: What do I need to qualify for a pink slip loan?
A: A clear title to your vehicle. Ability to repay the loan.
Q: How much money can I borrow?
A: The loan amount is based upon the value and condition of your vehicle. Minimum $2600.
Q: How fast can I get CASH?
A: Your loan will be approved within 30 minutes after receiving your completed application.
Q: What if I lost my pink slip?
A: We can still approve you for a loan but you must be the registered owner of the vehicle and it must be paid off.
Q: When is the first payment due?
A: The same day the following month.
Q: How long do I have to pay back the pink slip loan?
A: Up to 36 months.
Q: Is there a penalty if I pay the pink slip loan off early?
A: There are no pre -payment penalties, the loan can be paid at any time.
Q: Are you licensed to make auto pink slip loans?
A: Yes, loans are made pursuant to California Business Oversight.
Q: What are the requirements to qualify for a pink slip loan?
A: A clear title to your vehicle. Ability to repay the loan.
Q: What are the requirements to get approved for a pink slip loan?
A: The most important requirement is a clear title and your ability to repay the loan.
Q: What is the maximum pink slip loan amount?
A: Your maximum loan amount is based on the value of your vehicle.
Q: How do I apply?
A: Apply Online or call 1-888-500-9887.
Q: How long do I have to pay back my car pink slip loan?
A: Our average term is 36 months. Depending on various factors, we can offer longer or shorter payment terms to best fit your needs.
Q: How do I get in touch with you?
A: Call us at 1-888-500-9887 or contact us via the form to the right of every page.
Q: Is Car Capital Financial, Inc. licensed?
A: Yes – Car Capital Financial, Inc. has obtained licenses or certifications as a lender in California.
Q: How fast will I get my money?
A: In most cases, the same day. It all depends how fast you supply all necessary documentation.
Q: How do I make my auto pink slip loan payments?
A: You may mail your payments to our payment center, pay by phone with a check, or you may set up monthly automatic electronic debits from your checking account.
Q: How long do I have to pay back my car pink slip loan?
A: Our average term is 36 months. Depending on various factors, we can offer longer or
shorter payment terms to best fit your needs.
Q: Can I pay off my pink slip loan early without a penalty?
A: Yes – We do not charge prepayment fees. You can pay off any portion of your loan at any time without incurring a penalty.
Q: I own a motor-home. Can I get a pink slip loan?
A: Yes.
Q: Does my car need to be completely paid off?
A: No, if you still owe money on the vehicle, we can payoff the loan and get you some extra cash.
Q: What credit scoring method does Car Capital use?
A: Car Capital utilizes the FICO scoring method when credit score is a factor in determining customer credit worthiness.
Disclosure and Examples of pink slip Loan Fees
- Lower Rates: We charge 35.9047 % APR (2.99% monthly) on our Southern California pink slip loans. Our rates are among the lowest of traditional lenders and we consistently beat our competitors.
- Fully Amortized Loans: Each payment REDUCES your outstanding principal balance. There are no prepayment penalties.
THE CHART BELOW REPRESENTS ILLUSTRATIVE EXAMPLES OF THE COST OF A LOAN TO A QUALIFIED BORROWER. IF YOU HAVE ANY QUESTIONS, OR WOULD LIKE MORE INFORMATION, PLEASE ASK. MAKE CERTAIN YOUR QUESTIONS ARE ANSWERED COMPLETELY. MAKE CERTAIN YOU UNDERSTAND THE TERMS AND COSTS OF YOUR LOAN.
| Number of Months[simple_tooltip content=’The number of months used in the APR calculation.’][/simple_tooltip] | Annual Percentage Rate (APR)[simple_tooltip content=’The amount of your monthly payment including fees.’][/simple_tooltip] |
Finance Charge[simple_tooltip content=’The dollar amount the credit will cost you.’][/simple_tooltip] | Amount Financed[simple_tooltip content=’The amount of credit provided to you or on your behalf.’][/simple_tooltip] | Minimum Monthly Payment[simple_tooltip content=’The amount of your monthly payment.’][/simple_tooltip] | Total of Payments[simple_tooltip content=’The amount you will have paid after you have made all payments as scheduled.’][/simple_tooltip] |
|---|---|---|---|---|---|
| 12 (minimum) | 35.9056% | $535.44 | $2,615.00 | $256.60 | $3,150.44 |
| 24 | 35.9047% | $1,086.68 | $2,615.00 | $151.24 | $3,520.80 |
| 36 | 35.9520% | $1,692.37 | $2,615.00 | $117.70 | $4,307.37 |
| 48 (maximum) | 35.9450% | $2,345.14 | $2,615.00 | $101.91 | $4,960.14 |
- There are no penalties for making additional payments or prepayment.
- APR is calculated based on all installment periods being of equal length.
- Additional fees: California lien fee of $15.00 is financed. Prepaid Documentation Fee is $75.00 for loans $2,600 to $4,999 or 5% for loans $5,000 or more.
- Borrowers are considered qualified with a credit score of 690 or better, 2 plus years of employment and 3 plus years at their current address.
- Car Capital utilizes the FICO scoring method when credit score is a factor in determining customer credit worthiness.
- Minimum loan amount is $2,600.00.