It’s something of a nightmare scenario; maybe you’ve taken your family out for a day trip or an evening meal, but when you return to your car, you find it’s gone. Realistically, there are only two possibilities – it’s either been stolen or impounded. So, which is it? And how do you get your car back from the impound?
How Can I Tell if My Car Has Been Impounded?
There could be a number of different reasons why your car has been impounded. For example,
- You were involved in an accident
- You were parked illegally or in a reserved space
- You have unpaid parking tickets
- You were driving with an expired driver’s license
- You were driving with expired tags on your car
If you come back to your car and you find it’s gone, you should probably first ask yourself if you’re in the right spot – especially if you parked in a large parking lot! Assuming you’re in the right place, it’s a good idea to have a look around to see if there are any “No Parking” signs or signs indicating the tow company that might be operating there.
If you don’t see any of those, you could try calling the local parking authority, but if your car was recently impounded, it could take a few hours for their computer systems to be updated.
Lastly, if none of these actions provide an answer, there’s a reasonable chance your car might have been stolen. That being the case, you should, of course, file a report with the local police department and contact your insurance company.
Assuming it’s been impounded, your next step would be to contact the impound where your car is being held. You’ll need to find out what you need to do to get your car back and how much you’ll need to pay. If, for example, it was impounded due to unpaid parking tickets, you’ll need to pay those first before being able to recover your car.
You’ll also be responsible for the cost of having your car towed, plus a daily storage fee for your car and personal items too. The impound will remove any personal items from your car, such as child car seats, blankets, bags and tools. (This typically means anything not physically attached to the vehicle.)
You have the right to collect any medication, personal identification documents (such as your driver’s license) and a purse or wallet containing your money and credit cards.
In terms of getting your vehicle back, the impound will most likely require you to provide the following:
- Driver’s license
- Proof of insurance
- Proof of ownership (VIN or Title)
If you don’t have your title, you may need to obtain a duplicate, which could take some time. Ask the impound if they’d be willing to accept the VIN as proof instead or, alternatively, contact your DMV to see if they offer an expedited service.
With fees often totaling hundreds of dollars, finding the money to get your car back can sometimes be a problem. You may have considered an auto title loan, but many lenders will require you to have the car in your possession when you take out the loan.
That’s not to say you’re not without options, as there are two possible solutions. If you own a second vehicle you could use that as collateral for the title loan instead. The other option would be to find the money to recover your vehicle and then, once you have your car back, use it to get the auto title loan and pay yourself back.
Which Auto Title Loan is Best for Me?
While there are many lenders who may be willing and able to loan you the money, there’s one option that can also help you save money too.
A ChoiceCash Auto Title Loan, serviced by LoanMart, offers competitive rates and loan amounts and continues to take care of its customers after the loan has been funded.1
For example, when you make your regular payments on time, the annual interest rate on your loan can be reduced.2 When this happens, your monthly payment can also go down, allowing you to save a little extra every month.2 Continue to make your payments on time and your rates will continue to drop.2 In fact, you could see your monthly payment drop by nearly half over the lifetime of the loan!2
Looking to pay it off early? That’s no problem either, as a ChoiceCash Auto Title Loan, serviced by LoanMart, has no prepayment penalties, closing costs or balloon payments. You’re free to pay off the loan at any time and not pay a dime more than what you owe.
What if you need a little more in the future? A ChoiceCash Auto Title Loan can help with that too. You can potentially borrow more, and you’ll get to keep the same great low rate of interest you’ve already earned.1
What are the Other Benefits of a ChoiceCash Auto Title Loan?
Besides an interest rate and payments that can drop, a ChoiceCash Auto Title Loan offers a number of other benefits for potential borrowers.2
For starters, the application process is quick and easy. You can either go to www.choicecash.com and apply online or call a loan specialist toll-free at 855-277-4847. After answering a few basic questions about yourself and your vehicle, you’ll find out in minutes you how much you could borrow.1
Your loan officer will then explain the next steps and ask you to submit some qualifying documents. Fortunately, the chances are you already have these available:
- Proof of Income – pay stubs, bank statements and government award letters are all accepted
- Proof of Residence – almost any mail with your name and physical address on it
- Proof of Ownership – you must be listed on the title as the owner of the vehicle
- Vehicle Photos – front, back and sides plus the odometer and VIN
- References – can be either personal or professional
After your loan documents are reviewed and approved, your loan officer will email you the loan agreement to sign. This can be completed in minutes online via DocuSign.
Your funds could be transferred directly into your bank account, sent through a check in the mail, or picked up at a participating money transfer location near you.
The entire process, from start to finish, can be completed from the comfort of your own home, in less than 24 hours and often the same day.1 There’s no need to drive anywhere to have your vehicle inspected or to sign your loan agreement, making a ChoiceCash Auto Title Loan the perfect option for borrowers everywhere.