Why is a title loan better than a standard loan?

Unlike standard loans that are taken against your credit score and a lien on your title, our title loan process in Florida allows one to simply place their car, boat, or motorcycle as collateral solely against its current market value. There is no impact on your credit score when obtaining a title loan on a vehicle, which can be a huge relief for folks that do not have good enough credit to apply for standard loans. Even in the case of non-payment, there is no impact on the credit score as the title pawn shop would simply default the loan and sell the vehicle for recuperation. There is also the matter of interest rates, which are significantly lower in the case of a car title loan or boat title loan in Florida than standard title loans.

So, if you want to get a loan for your car title, from $10,000 to $100,000 reach out to Miami Boat & Auto Pawn today!