An auto title loan can be a great way to get cash quickly, but it can sometimes seem as though you have to repay the money as soon as you’ve borrowed it. The amount of time you have to repay the loan will vary from one lender to another, so it’s important to find a lender that can work with your budget and your schedule.

How Much Can I Get With an Auto Title Loan?

When you take out an auto title loan, you’re using your vehicle as collateral. This means the amount you can borrow will depend upon the value of your car; the more your car is worth, the more you can usually borrow. The exact amount will vary by lender, but most will be willing to lend you a percentage of your vehicle’s value.

What if I Want to Repay My Loan Early?

Sometimes, a few weeks, or even a month, simply isn’t enough time for many borrowers to repay their loan. That being the case, how can you get an auto title loan that will give you more time to pay?

Many auto title lenders will now offer you longer terms than a regular pawn broker, giving you enough time to pay the loan back over years, rather than months. Not only does this make your payments more affordable, but it also means you don’t have to worry about finding a large sum of money to pay off the loan within a few weeks.

Loan terms will typically range from two to four years, with some lenders offering terms as short as 12 months and others offering as long as 7 years. Terms of just 12 months means much higher monthly payments, whereas a 7 year loan will most likely mean paying a lot more in interest.

Here’s another advantage of borrowing from an auto title loan lender: many will allow you to pay off your loan early, with no prepayment penalties. In other words, you won’t have to pay a penalty if you’re able to pay off the loan early.

The lender only needs for you to pay the outstanding principal on the loan, plus any interest that has accrued since your last payment and any outstanding fees. This means you can borrow the money and pay it off at any time you like.

Compare that to a regular, unsecured personal loan. Some lenders might charge you a penalty if you pay off the loan within the first few months. For example, if you borrowed $5,000 with a loan term of five years and then pay it off within three months, the lender has a lost a lot of money in interest.

They might then charge you a fee (either a percentage of the outstanding principal or a set amount) to help recoup that lost interest.

In essence, you might then be looking for a loan that gives you a number of years to repay the loan (rather than months!) and a way to pay off the loan early without any penalty. Fortunately, almost any number of legitimate auto title loan lenders are able to do this, but there’s one that can offer you more.1

Why is a ChoiceCash Auto Title Loan a Better Solution?

For starters, a ChoiceCash Auto Title loan, serviced by LoanMart, gives you three years to repay the loan, if that is what you need. This means you don’t have to be struggling to make high payments every month and you won’t be paying more than you should in interest.1

Secondly, a ChoiceCash Auto Title loan comes with no prepayment penalties.2 That means you can pay off the loan at any time without having to pay any additional fees. You only need to pay back the outstanding principal, any interest that’s accrued since your last payment and any unpaid fees (for example, late fees.)2

Both these features are pretty standard with lenders, so what makes a ChoiceCash Auto Title loan, serviced by LoanMart, different from all the others? Unlike the other loans, with a ChoiceCash Auto Title loan your monthly payments can go down, helping you to put more money back in your pocket.2

That’s because when you make your payments on-time, your annual interest rate is reduced, and your payments go down as a result. 2 If you’re unable to pay off the loan early and keep it for the full three years, you could see your payments nearly halved in that time.2

There’s another feature borrowers love; the ability to borrow more money in the future.1 Taking care of the current financial emergency doesn’t guarantee that another won’t happen, so it’s good to know that a ChoiceCash Auto Title loan can continue to give you the help you need, when you need it the most.

A ChoiceCash Auto Title loan, serviced by LoanMart, is fast too. Call 855-422-7402 toll-free or visit and you could find out in minutes how much you could borrow. You’ll then only need to speak to a loan specialist, submit a few qualifying documents and sign your agreement and you could be holding your money in 24 hours or less.1

With more time to pay, no prepayment penalties, reduced payments and more money when you need it, it makes sense to choose a ChoiceCash Auto Title loan. Visit or call (855-422-7402) 914 2945to get started NOW!