Congratulations on finding the one! This all must be very exciting for you.
Applying for a title loan using a financed car is almost identical to applying using a vehicle you own. You will have to find a lender that offers title loans for financed vehicles and must provide financial documents for the car.
Not every lender will provide loans to financed vehicles or offer the same rate, so you should shop around and compare multiple loan agreements. Once you have found a lender, you will have to provide the vehicle’s financial documents and the following:
A completed loan application
While reviewing your application, the lender will inspect the vehicle and may request additional information before approving the loan. Before you sign a loan agreement, make sure you understand any fees you may incur and what your annual percentage rate is.
Once she says yes and you tie the knot, don’t forget to inform your car insurance
company and enjoy the savings that come with being married. When updating your insurance, you should also shop around and compare quotes from many insurers to find the best rate. If you’d rather leave the hard work of gathering quotes to someone else, use Jerry
. The Jerry app can collect quotes from up to 50 top insurance companies, like Travelers, Nationwide, and Progressive, in seconds! They even help cancel your old policy once you’ve made your pick. MORE: The best type of car insurance to get if you’re married