About This Location
This location provides registration services for 5 Star Car Title Loans customers. The store is located at 18411 Hawthorne Blvd #B, near the intersection with 186th Street. If you live in Torrance and in need of registration services, stop by This location that works with 5 Star Car Title Loans in Torrance. This location provides our clients with unmatched customer service. 5 Star Car Title Loans does not issue loans at this location.
Torrance a Beach-Lover’s Paradise
A mile and a half of Pacific Ocean beach and beautiful climate all year long, low humidity and beautiful sea breezes all combine to make Torrance a beach-lover’s paradise. Mostly residential with plenty of high-tech, low-polluting businesses and low crime rates, Torrance is clean and safe. Torrance is a multicultural city with a diverse population including a high percentage of Japanese-Americans (8.9%). Corporate offices of Japanese automakers and many other Japanese corporations base their U.S. operations in Torrance. As a result, authentic Japanese restaurants and cultural offerings abound including Japanese schools, supermarkets and even Japanese banks.
Getting By in Torrance
If you love living in the “beach-lover’s paradise” but don’t have cash in your pocket for expenses or unpaid bills, you can send in an online application to 5 Star Car Title Loans in Torrance. If you own a car and the title is in your name (meaning it’s all paid for) then we might be able to give you a cash loan using your car as collateral. We don’t need to take your car away from you to use it as collateral for a loan, but we will need to put our name on your car title. We will become a lien holder on your car until you’ve paid back the loan. If that sounds good to you, read on!
Sending in an Application to 5 Star Car Title Loans in Torrance
There is a simple form at the bottom of this page that you can use to send us your personal info and your car’s details. When we see it in our office, one of our workers will spend some time reviewing it. We’ll check the value of your car to see if it is worth enough, we’ll check that you have the ability to pay a loan and if you fit into our credit requirements we’ll get back with you to set up a meeting. If you are approved for a loan from 5 Star Car Title Loans in Torrance, you can get a minimum cash loan of $2,600.
Keep Driving Your Car
Remember, your car stays with you. We only need to become a lien holder on your car title to offer you the loan. When the loan is finished, you’ll receive a new car title from the DMV. Apply now so you can get the money you need for any purpose!
5 Star Car Title Loans in Torrance, CA
Torrance is one of the best places to live in California. Besides a strong hold on history, culture, and music, this metropolitan area is a sprawling job hub with big companies in the vicinity. Just like every other location, the residents of this area too sometimes feel a need to borrow money due to numerous reasons.
Although a majority of people assume traditional bank loans as ideal options, bank loans consume a lot of time and energy. Therefore, we search for fast options such as car title loans. The title loan processes are smooth and easy, and you can get a loan in about one business day!2
In the wake of this, 5 Star Car Title Loans presents affordable and quick title loans for Torrance residents. They can apply for online title loans and can get instant approval! Let’s understand more about these short-term cash loans.1
Auto Title Loans: What are They?
Car title loans are secured, short-term loan options that allow borrowers to get a loan based on their vehicle’s equity. To get an auto loan, the borrower must have a clear title in his name and that very title can be put forth as collateral.1
Other terms can be used interchangeably for a title loan such as:1
- Vehicle Equity Loans
- Auto Title Loans
- Pink Slip Loans
- Car Title Loans
- Auto Equity Loans
- Vehicle Title Loans
- Title Pawns
How Do Car Title Loans Work?
Just like every other secured loan, auto title loans also need some acceptable property as collateral and here, the car’s title plays that role. So, the borrower approaches the lender with collateral (the car title) and applies for a loan.1
The lender assesses the car and the equity left in it and checks the borrower’s ability to repay to determine the loan amount. If the borrower qualifies, the lender puts a lien on the title and lends the money.1
The lien stays as long as the loan is being repaid. Once the whole loan amount has been paid off, the lender removes his name from the title and the borrower gets back a clean title in his name.1
A 3-step Process for Getting an Online Title Loan in Torrance, CA
5 Star Car Title Loans offers a three-step, hassle-free loan process with which getting an online title loan gets extremely convenient! This completely online application process will spare you the hefty paperwork and long waiting hours.1
With stable internet connectivity, a laptop, and a few necessary documents by your side, you can now complete the process in just 5 minutes.2
These three steps include:
Apply Online
To start the process of getting car title loans in Torrance CA, the first step is to fill out an online loan application. In this form, you will be requested to share your personal as well as your car’s details.1
Or as an alternative, you can give us a call and a loan agent will complete the form for you and check your eligibility.1
Turn in Some Documents
Based on the information on the application, your loan will get pre-approved. However, the final approval will be subject to the review of some important documents. So, you will be asked to submit a few documents which will be used to verify your information.1
Collect Your Funds
Once your documents are verified and your information checks out, you will get the final loan approval after which a loan agent will get in touch with you and give you some rough details. He will share the minimum loan amount, title loan interest rates, Annual Percentage Rate (APR), and payment terms with you.1
Make sure to read every line carefully before signing the contract. In case of doubts, you can ask questions to the loan agents, they will be glad to help you.
So, if all your doubts get cleared and information gets confirmed, you can sign the loan agreement and get your quick cash in one business day.2
Receive Money from Car Title Loans with These Methods
Getting a car title is a smooth process and collecting the cash from it is even easier! 5 Star Car Title Loans extends a range of lending options for people of Torrance, CA with which the applicants can get their money without any pain!
You can get your money via:
- Mailed Check
- Automatic Electronic Deposits
- Cash
What Documents Do I Need for an Auto Title Loan in California?
When it comes to getting a title loan, you must remember that even though there are no long lists of requirements, there are still some prerequisites that are a must for the completion of the process.1
Some important documents will be required by all applicants if they wish to get a title loan in the state of California. Some of those required documents include:1
- Qualifying vehicle title in your name
Having a clear vehicle title in the name of the borrower is one of the primary requirements for getting a title loan. The title must not have any other name or lien on it.
- Proof of residence
In order to prove that you reside in Torrance CA, you can show your credit card or utility bills or you can even share your mortgage and rental agreements.
- Income proof
Any document that shows your steady source of income will work. These documents can be your bank statements, pay stubs, social security statements, etc.
- Photos of your vehicle
Latest photos of your vehicle from all angles to show the current condition of the vehicle. The photos must be of your car’s back and front and must show VIN.
- Government-issued photo ID
You can show your driver’s license, US passport, or state or government-issued proof of identification with your photo on it.
How Much Money Can I Get with a Title Loan in California?
When dealing with financial problems, everyone wants to have more extra cash, and hence, it is natural for all of us to wonder how much money we can get with title loans.
The thing is, the lender’s criteria for calculating the title loans in Torrance California revolves around three major factors. And based on those factors, the final loan amount is evaluated.1
Those three factors include:
Ability to Repay the Loan
The monthly payments and the loan amounts are mostly affected by the borrower’s income. We assess the income as well as your expenses to see how much loan you can afford.1
Your Car’s Equity Value
Equity is your car’s resale value, minus the amount you owe on it. Every vehicle has some equity left in it and the more the equity, the higher the loan amount will be.1
Your Car’s Market Value
The car’s market value is defined by the car’s current condition. To analyze the market value, we usually check the car’s mileage, manufacturing year, brand, colour, and repairs done to it.1
Based on these three factors, your loan money will be decided. With 5 Star Car Title Loans, you can get a maximum loan equal to 75% of the vehicle’s value.1
What’s Considered Proof of Income for a Title Loan in California?
A steady source of income is not limited to earnings from a fixed 9 to 5 office job. We understand that in modern times, there are different ways of employment.1
Therefore, if you have earnings in any form, you can show the following documents as proof of income:1
- Social Security statements
- Bank statements
- Workers’ compensation letter
- Tax returns
- Disability payments
- And more!
What are the Methods of Title Loan Repayments in California?
You can easily make your monthly payments through the method that suits you the most. We offer an array of options for all our borrowers. Based on your choice and comfort, you can repay the loan via:
- Cash at a participating location
- Money transfer to the bank accounts
- Mailed check
- Online payments using credit or debit cards
- Phone call
A car title loan is advantageous as it is more flexible. While for other short-term loans such as payday loans, you have to repay the whole amount in about 120 days, the scene with title pawns is entirely different.4
You can repay the loan anytime between one to three years. This is yet another advantage of a car title loan!
Where Can I Use My Title Loan Proceeds in Torrance California?
A title loan is a type of personal loan using which you can settle a lot of unforeseen and sudden bills. Moreover, you can use the money to even cover your expenses. The money from a title loan can be used to:1
- Pay rent
- Pay for home repairs or renovations
- Cover funeral costs
- Take care of wedding expenses
- Settle medical bills
- Pay for travel expenses
- Cover car repair
Can I Get a Car Title Loan Even with a Bad Credit Score?
Yes, you may get a title loan even if you have a bad credit history.1
While there are some cases where routine credit checks are performed to only know the financial history. Those credit checks are not used for checking the eligibility of the applicant. The lender’s credit criteria are based on three primary factors: your ability to repay, your car’s equity value, and your car’s market value.1
Consequently, if you have a strong ability to repay and sufficient equity left in your car, you can easily qualify for a title loan irrespective of your credit history.1
Benefits of Getting Title Loans in Torrance With 5-Star Car Title Loans
We have always attempted to give great customer service and a fulfilling experience to all the applicants. Therefore, we try to offer a wide range of benefits for all our borrowers. Some of the top advantages include:
- Competitive interest rates1
- No hidden fees or prepayment penalties4
- Quick title loans1
- Bad credit is not a problem1
- Online title loans1
Frequently Asked Questions
Are There any Prepayment Penalties?
No! There are none. If you ever decide to pay off the entire loan amount earlier than the decided-upon time, you can do it without worrying twice about penalties or hidden fees.4
Can I Keep Driving My Car Even While Repaying the Loan?
Yes, you can. You will not be required to either submit the car or the car keys even while you are still repaying the loan as long as you are making the monthly payments on time.1
Apply Online and Get a Car Title Loan Today!
If you need quick title loans, you can simply visit the online portal or call the team of 5 Star Car Title Loans in Torrance CA. Just remember, you may get fast cash no matter what your credit score is.1
You can complete the loan process even sitting at your home! So, if you are in serious need of cash, you can apply today and get your money the same day.2
What’s stopping you? Apply now!1
