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What does it cost? | |
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The cost will likely be $20 per $100 per month. For example, if you receive $1,000 your payments will be $200 per month ($100 every two weeks). The car title loan or lease is open-ended and will continue until such time you bring us the original $1,000. You always have the option of paying the entire balance due or continuing month-to-month. | |
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How does it work? | |
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Upon approval, you will need to send us your paperwork (detailed in “What do I need?” below). Depending on whether you are eligible for a car title loan or sale/lease-back, you will then transfer title to VehiCash or one of our affiliate lenders (or have a lien placed on your car title) and we will lease the vehicle back to you or originate a car title loan. Unlike an auto pawn, we enable you to keep your car. | |
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What do I need? | |
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Do I need a Checking or Savings Account? | |
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No. However you may qualify for more money if you have a checking account. | |
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Can I loose my car? | |
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Yes you can. The following are the three most common reasons why lessees or borrowers with VehiCash, or our affiliate lenders, can loose their vehicle: 1. Default in lease/car title loan payments. 2. Lessee/borrower fails to maintain proper insurance or registration. 3. Lessee/borrower fails to notify Lessor/lender of change of address, employment or phone number within TEN days of change. |
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