Life will not improve or get better financially until a job is earned and kept. But a vehicle is required to get to work, which brings about a frustrating reality for many people. To afford a car, they need to work. Yet they need a car to get to work, and this duality leads to emotional stress and potentially more. Independent Auto Lenders in San Antonio are designed to resolve this incredible back and forth that millions of Americans face every day. The rates are absolutely fair given the short term loan details. It works as follows.

Buy Here, Pay There

A loanee may find a great vehicle at a ‘buy here, pay here,’ but it is beyond their budget. Many car dealers demand a down payment. So the loanee completes an application at XpressTitleLoans.com. There is no credit check review. If an individual can provide a proof residency and income, they should be able to obtain a reasonable loan. The lender will also require a spare key and a clean title for the vehicle.

Some individuals use the loan simply for their down payment. They obtain a 60-day payback term at about 11%, which is a lot better than many major auto dealerships. This can be somewhat tricky, for the loan is often offered post-vehicle purchase. Speak with a representative to line up financial details prior to purchasing.

Loan Range

Traditionally, the smallest loan is about $500. This is the perfect amount for a quick fix and a quick avoidance of a problem. The rate actually increases as the loan gets larger, so the $500 loan amount actually has a 15% average rate attached to it. But this number is far lower compared to many other Texas lending companies (the state’s current average is about 35% for short term lending at this loan amount).

The interest rate drops about 1% for every $1,000 jump in loan price. The industry minimum in Auto Lenders in San Antonio is about 8.5%. Reach out to independent auto lenders in Texas to get great rates that can help get someone back on the right track- working and brining in income to improve their life.