How to Get Loans for Impounded Cars?

I Can’t Afford to Get My Car Out of Impound, What Do I Do?

Having a car sent to an impound lot can not only ruin your day, but it can also take a toll on your finances. Cars are towed away for various reasons, such as outstanding parking tickets, sidewalk obstruction, expired registration, etc.

If your car is towed to an impound lot, you may have to pay the following fees / charges:

• Towing Fees
• Storage Fees to Keep Your Vehicle Stored at an Impound Lot

Any outstanding parking tickets that you acquired before your vehicle was towed must be paid off before the car can be released. All of the fees and chaos of getting your car towed can seem overwhelming, especially if you don’t have the money upfront to get your car out of the impound yard. Fortunately, many different loans for impounded cars can help you access the money you need!

While you cannot obtain a title loan on a car that is already in the impound lot, you could use a second vehicle that you own to apply for a title loan and take care of those pesky impound fees.¹ Or, you can borrow money from a friend / family member and use that money to get your car back. Then, if you qualify for a ChoiceCash title loan, you’ll be able to pay them back and settle the situation. Visit the ChoiceCash website or dial 855-422-7402 to learn more about quick and convenient online title loans!¹

Types of Loans for Impounded Cars

In addition to car title loans, other loans for impounded cars could help you cover any impound fees you may be facing. Now, if you’re looking for a flexible and convenient approval process, you may not find that with every car impound loan option. However, a title loan could be flexible and provide other benefits that add to your overall loan experience.¹

If you’re still wondering which loan option works best for you, take a look at the different loans to choose from and why a car title loan might be the best choice for financial relief:

• Payday Loans: Although payday loans could help you access fast emergency cash, the loan must be repaid within a short period of time. The loan term could be anywhere from two weeks to 30 days depending on your state and lender. Payday loans typically come with high interest rates and fees, such as origination fees, that will charge you $10-$20 for every $100 you borrow.
• Personal Loans: A personal loan is often unsecured, which can make it difficult for people with bad credit scores to obtain loan approval. Since personal loans do not require you to provide any collateral to secure funding, your eligibility will largely depend on the strength of your financial history. While a personal loan can be a good option for someone who has a good credit score, it may not be the right option for a borrower who doesn’t.
• Credit Card Cash Advance: If you are a cardholder with a credit card provider, you could take advantage of a cash advance. If you have an available line of credit, your credit card provider may allow you to borrow money from it. However, you could face several drawbacks with a cash advance, like cash advance fees, ATM fees for whenever you withdraw money, high interest rates, and even a limited amount you can access.

Skip the hassle of traditional loans and apply for a ChoiceCash title loan today. Go online to start the title loan process and acquire money in as little as one business day!¹

What Do I Need to Get a Car Out of Impound?

The exact items that are required to get a car out of impound will vary from state to state. The easiest thing you can do is to contact the impound lot your car is in to see what you’ll need to get the vehicle out. Typically, you will need these items to get your car out of the impound lot:

• Your Driver’s License
• Proof of Car Insurance
• Proof of Car Ownership

Remember that you must also pay for any of the applicable impound and storage fees after you provide the required documents. If you need emergency cash to take care of unexpected expenses, a ChoiceCash title loan could be an option to consider! You could access competitive interest rates and zero prepayment penalties if you qualify.¹

How Much are Impound Fees?

The amount you will be required to pay will depend on the reason your vehicle was impounded, as well as its size, type, and condition. The fees associated with an impounded vehicle can include the following:

• Towing Fee
• Boot Fee
• Vehicle Release Fee

You should be aware that you may be required to pay extra charges in addition to the ones mentioned above. For example, if your car is disabled, you may have to pay a flatbed fee, which typically ranges from $40-$150 (or more). Plus, you may be required to pay daily storage fees. However, these fees can vary depending on your state laws.

As you can see, the fees can be very expensive and excessive. If you can’t afford to get your car out of the impound lot, it’s completely understandable.

How Can I Get Title Loans for Impounded Cars?

It can be difficult to obtain some loans for impounded cars if you have a bad credit score. So, how are you supposed to get car impound loans if you do not have a strong credit history? The answer is that you don’t need a perfect credit score to qualify for an online title loan! A title loan is a secured, collateral-based loan that can allow you to access a portion of your car’s equity. The title to your vehicle secures the loan and makes the application process more flexible. Simply meet the following initial requirements to apply for a ChoiceCash title loan:¹

• Be Able to Pledge a Title to a Qualifying Vehicle in Your Name
• Provide Proof of Income / Alternative Income
• Be 18 Years of Age or Older to Apply

It may seem impossible to qualify for a ChoiceCash title loan if you do not have a traditional job or receive regular pay stubs. But don’t worry! As long as you have an alternative source of income, it can be possible to obtain a title loan without a 9-5 job.¹

In order to qualify for a car title loan, your vehicle must have a certain amount of equity. If you don’t know what the current amount of equity in your vehicle is, you could use ChoiceCash’s online calculator tool to obtain an equity estimate with a loan quote, free of obligation.¹ The tool is easy to use. All you need to do is enter a few basic details about your automobile.

Find out if your vehicle qualifies for a ChoiceCash title loan today by going online or calling a title loan agent at 855-422-7402.¹

What Documents Do I Need to Get a Loan for My Impounded Car?

A ChoiceCash title loan agent will ask you to submit some documents during the second step of the approval process. These documents can help title loan representatives verify your information, and by collecting your paperwork ahead of time, you could potentially speed up the loan process!¹

With a ChoiceCash title loan, you can conveniently upload your documents online without leaving the house. You can also send your information directly to a title loan agent via email or text!

Below is the list of documents you must provide during your online title loan inquiry:¹

1. Valid Government / State Issued Identification
2. Proof of Address
3. Evidence of a Qualifying Vehicle Title in Your Name
4. Proof of Income
5. Recent, Clear Photos of the Car

If you have a second vehicle, you can easily apply for a title loan online to get the quick funding you need to get your car out of impound. Contact a ChoiceCash title loan representative at 855-422-7402 if you have questions about loans for impounded cars.¹

Apply for a Car Title Loan to Get Your Car Out of Impound!

Ready to get quick funding to get your car out of impound? Take advantage of a quick and straightforward application process with a ChoiceCash title loan!¹

Here’s a closer look at the three simple steps you must complete to obtain emergency cash:¹

1. Submit a Short Pre-approval Form Online or Call a Title Loan Representative at 855-422-7402
2. Upload the Required Documents Online or Email / Text Them to a Title Loan Agent
3. Get Your Money if You Qualify for a Title Loan!¹

If you qualify for funding, you could choose from a few different ways to collect your emergency cash. You could have the funds added to a debit card, or you can choose between one of the following ways:

• Direct Deposit to Your Bank Account
• Check in the Mail
• Pick Up Your Funds at a Participating Money Transfer Location Nearby

Call a ChoiceCash title loan representative today at 855-422-7402 to see if you’re eligible for title loans for impounded cars. Find out if you can qualify for same day pre-approval online. Qualified borrowers can get their funds in as little as one business day!¹