*Loan,banking and credit>>>auto loan

How do auto title loans work?

i bought a range rover cash for well below book value. im really tight for cash now and i have really bad credit. it is worth about 16,000 and i bought it for only 10,000. will i be able to get a title loan on it for the 10000, with my bad credit. do i go through my bank or is there a better option that strickly deals with auto title loans.

There is some useful advice here. Source(s): http://www.all-about-loans.jims-info.com...

Auto title loans are basically a rip off. DON'T DO IT! They will give you a percentage of what your vehicle is worth, and if you default on your repayment, (late by one day puts it in default status), they have the legal right to seize your vehicle, place a judgement against you and resell your vehicle.

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