Title Liens to Loan Money with Collateral
- Firstly, this is similar to a Title Loan
- Adds you as lien-holder to customer\’s vehicle title
- Can finance parts and/or labor for repairs
- Receive Monthly Payments with Interest
- The vehicle can not be sold until YOU get paid
- If the repair bill doesn’t get paid, you can repossess and sell the vehicle by law.
- Add filing fees to repair bill so you get reimbursed.
- Lastly, we provide all necessary paperwork and communications with DMV to successfully process for you.
Lien Package Price Includes:
Payment Loan Calculator – (Example) Use to calculate the total loan amount and monthly payment for parts, labor, fees, and term. Alternatively, you can re-use to calculate future loan liens.
Customized Loan Agreement – Of course, a secured title loan lien agreement that will state your interest rate, payment amount, payment dates, vehicle information, and terms.
DMV Forms and instructions – We use the required lien assignment forms for your customer to sign authorizing your Company to add your Shop or Business as #1 lien-holder to their title. Note* Customers must have the title to their vehicle to do this program.
Customer Support – Contact FL Title Agency for information and support for VIN checks and owner verification prior to agreement.
Only $150.00 Per Vehicle. Buy today and have a title loan lien in 24-48 hours (Once we receive the paperwork). *Note Price is for adding a lien to the existing title only.