Find the Best Car Title Loans in Boise, ID

How to get a title loan in Boise

Title loans in Boise have many benefits: a quick application process, no need for good credit and same-day funds. All you generally need is a vehicle and a clean title. If you are approved you hand the title over to the lender, get your cash and repay the loan within 30 days.

Still, there are drawbacks: high rates and fees and the risk of losing the vehicle if you default, or fail to repay. Because of the interest costs and the threat of losing a valuable possession, you might first consider other options, like borrowing from a friend or family member or getting an unsecured loan from a bank or credit union.

If you do decide to look at car title loans in Boise, be familiar with basic title lending rules in Idaho:

• A borrower must be 18 or older.
• The amount of the loan cannot exceed the retail value of the vehicle.
• Title loan terms must be 30 days or fewer but can be renewed automatically.
• There is no cap on interest rates or fees.

The amount a title loan company in Boise will lend you depends on the value of your vehicle. An advantage of choosing a title loan over a payday loan is you may be able to borrow more; payday loans in Idaho are limited to $1,000 or less.

Most applications for title loans in Boise are done in person. You may be able to start by filling out information on a company’s website, but you likely will need to bring in the vehicle for an appraisal. Be sure to have these things ready:

• Government-issued ID
• Vehicle and clean vehicle title in your name
• Proof of income
• Proof of residence
• Proof of insurance

If you are approved, the entire process can take as little as 30 minutes. Same-day cash is available at most title loan companies in Boise.

Before you sign the loan documents, though, don’t forget to review the terms carefully, including the interest amount and annual percentage rate and all other fees. Take note of when payment is due and how to make it.

Keep in mind that if the due date passes and you are unable to repay the loan, the title lender can’t take possession of your vehicle immediately; Idaho law requires the company to send a “Notice to Cure Default” giving you an additional 10 days to meet your financial obligation.