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  2. How do title loans work, and are they ever worth the risk? - AOL

    www.aol.com/finance/title-loans-ever-worth-risk...

    A car title loan, or “pink slip loan,” allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as ...

  3. Vehicle title - Wikipedia

    en.wikipedia.org/wiki/Vehicle_title

    In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...

  4. 6 types of emergency loans and their uses - AOL

    www.aol.com/finance/8-types-emergency-loans...

    Also called a “pink slip loan,” this option allows you to borrow against 25 to 50 percent of the current market value of your vehicle. These loans are short-term options that have repayment ...

  5. Title loan - Wikipedia

    en.wikipedia.org/wiki/Title_loan

    The California State Assembly passed a law in 2020 that set an interest rate cap on all loans from $2,500-$10,000 with that title loans were included. In 2020 California State Assembly set a 30% cap on all auto title loans of at less than $2,500.

  6. How to get out of a title loan: 5 legal title loan loopholes

    www.aol.com/finance/title-loan-5-legal-title...

    A car title loan is a secured small loan, usually for 25 to 50 percent of your vehicle’s value. These types of loans tend to be much more expensive than conventional personal loan options, even ...

  7. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    The borrower then pays off the financial institution the same as for a direct loan. [citation needed] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".

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