man surprised at auto title loan advantages

The Surprising Advantages of An Auto Title Loan in New Mexico

Many people get an auto title loan simply because the loan is a quick way to get cash in the case of an emergency. Although paying emergency bills is a major benefit of auto title loans, there are many other advantages as well. There are plenty of things that might surprise you about our auto title loans and just how they can help you out – as long as you use them properly, of course.

6 Advantages Of Getting An Auto Title Loan In NM

When it comes to an auto title loan from New Mexico Title Loans, Inc., you might be surprised to learn about the advantages. Here are six surprising advantages of an auto title loan in New Mexico you need to know about.

1. Loan Representatives Come To You

Something that’s unique about auto title loans online is that loan representatives can come to you. At many auto title loan places around the country, you can only get your auto title loan if you get your vehicle’s inspection done at their location. With New Mexico Title Loans, Inc., you still need a physical inspection, but representatives can come to you.

How it works is that you will talk to a representative on the phone where you and that representative will work out the best location for you to get your vehicle inspected. When it comes time for the appointment, a loan representative will arrive at the location you picked out to complete the vehicle inspection and determine if you qualify for a loan.

2. You Don’t Need Great Credit

If you have bad credit when you come in for a title loan, don’t worry. An auto title loan does not require stellar credit to apply. Instead, New Mexico Title Loans, Inc. welcomes all credit types. Whether you have good credit or bad credit, you have options for getting an auto title loan in New Mexico.

3. You Don’t Need A Checking Account

Something else you don’t need for an auto title loan in New Mexico is a checking account. This is different from other short-term loans, such as payday loans or installment loans. In fact, auto title loans are one of the few loan types that do not require a checking account in your name.

4. You Don’t Need Proof Of Employment

Surprisingly, you don’t need to provide any proof of employment for an auto title loan in New Mexico either. This means that you can be eligible for a title loan even if you are in between jobs and don’t have a pay stub to provide. Once again, this is a unique feature of auto title loans since payday loans and installment loans both require proof of employment.

5. You Can Get The Cash You Need That Day

One reason why auto title loans are often used for emergencies is that you can get the cash you need quickly. With New Mexico Title Loans, Inc., we can get you the cash you need as quickly as the same day as your appointment or as late as the next bank business day. Given that waiting only one or two days is not a long time, title loans are an option when you need cash quickly.

6. You Can Get Started Now

If you need cash quickly, you can begin the process of qualifying for an auto title loan today. All you need to do is fill out the inquiry form on our home page to get started. This form will get you in contact with the representative so that you can set up an appointment and location to get your car evaluated – which helps us determine how much you could get.


man got an auto title loan in New Mexico


Basic Questions You Should Ask Before Getting A Title Loan

Now that you know some surprising advantages to our auto title loan, you have to know just what questions you should ask when you speak to us. Don’t worry, you will have ample time to ask your questions and get full answers. Here are some questions you should remember.

What Do I Need To Qualify For An Auto Title Loan In New Mexico?

Since you don’t need good credit, a checking account, or proof of employment for an auto title loan in New Mexico, what do you need instead? To qualify for one of these loans in New Mexico, you need a car with a lien-free title in your name, a state-issued photo ID or driver’s license, and a vehicle for inspection.

How Old Must I Be For An Auto Title Loan?

You must be at least 18 years or older in order to qualify for an auto title loan in New Mexico. This is the reason we have you bring in your driver’s license or a state-issued photo ID. If you are under the age of 18, you will not qualify for a title loan.

What If My Title Is Not In My Name Or Lien-Free?

When it comes to using your vehicle’s title as collateral, your title must be in your name and lien-free. Lien-free simply means that your title is free of any outstanding liens or judgments. If it isn’t lien-free, you must deal with that at the DMV prior to coming in.

The same goes for if your title is not in your name. You must head to the DMV to change that. Now keep in mind that if another name appears next to yours, you can still use that title. If the word “and” appears in between the two names, both you and the other person must sign off on the loan. If the word “or” appears in between the two names, just you or the other person must sign off.

Get A New Mexico Auto Title Loan Today

Auto loans come with a lot of advantages in New Mexico. If you are short on money, have bad credit, don’t have a checking account, and are out of the job, a title loan is an option that you have whenever you are short on money for an emergency.

As we mentioned above, we can begin the process of getting an auto title loan in New Mexico. From there you can either head on over to your nearest New Mexico title loans in my area or have one of our loan representatives come to you instead.

Fill out our online inquiry form to get the process started today. In as little as 30 minutes, you can be on your way to getting the cash you need. You can get the money either the same day or the next bank business day to help you out. 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.

New Mexico Title Loans

If you are searching for a convenient way to get a title loan, look no further than New Mexico Title Loans, Inc. We offer online title loans where not store visit is required or in-store title loans and installment loans. To get started, fill out the simple online form above or give us a call at any one of our convenient store locations.

All you need is the following items:

  • Driver’s License or State Issued I.D.
  • Lien-Free Title to Your Vehicle
  • Your Vehicle for Inspection

When you’re ready to get the emergency cash you need without all the hassles of a traditional loan, New Mexico Title Loans, Inc. has you covered with a car title loan up to $10,000 today.

New Mexico Title Loans