When you’re running a car title loan business it’s critical to use a “Car Title Loan Valuation Checklist” to systematically place a value on the car title BEFORE you fund the title loan.
Title loan valuation checklists don’t have to be complicated. Just the basics in addition to a few pictures.
Title loan pictures should include the “Vehicle Identification Number” [VIN], the mileage and various angles of the car. [LF Front, RT Front, Rear, Front, License Plates…]
If you’d like a version of this “Car Title Loan Collateral Evaluation Checklist,” just email us at Team@AutomobilePawn.com . For a step-by-step guide to starting or improving your own title loan business go here: “Title Loan Startup Manual.”
Once you have completed this checklist, we’ll show you how to determine the maximum LTV – loan to value – to offer your customer. There are several free tools…