Loan Types: Secured (Auto) Installment Loans
Always Money® Secured (Auto) Installment Loans
Always Money®! Secured (Auto) Installment Loans provide the funds you need quickly² and easily, using your vehicle as collateral.
How Do Secured (Auto) Installment Loans Work?
A secured (auto) installment loan is a type of loan where you use your vehicle’s title as collateral to borrow a specific amount of money. The loan is repaid over a scheduled period with fixed monthly payments that include both the principal and an agreed-upon interest rate.
Always Money® Secured (Auto) Installment Loans combine the benefits of a title loan with the structure of a fixed-amount installment loan.
Secured (Auto) Installment Loan Amounts and Availability
- Alabama: $100 to $15,000
- Mississippi: $500 to $2,500
- South Carolina: $650 to $15,000
How to Get an Always Money® Secured (Auto) Installment Loan
- Apply for the Loan: Bring your vehicle and title to an Always Money® location. Our team will appraise your vehicle and determine its value.
- Get Approved: Upon approval your loan amount is determined.
- Receive Your Cash: Once you sign your contract you’ll get your money and can still drive your vehicle.
- Flexible Repayment: Enjoy a repayment plan that suits your financial situation. Once the loan is fully repaid, you’ll regain possession of your vehicle title.
Why Choose Always Money®?
- Fast Cash: Get approved and receive your money quickly².
- Keep Driving: Keep your vehicle while repaying the loan.
- Flexible Terms: Choose from various repayment options to suit your needs.
What do I need to get approved for an Always Money® Auto Installment loan?
At least 18 years old (19 for personal loan in Alabama)
Most current checking account statement
Proof of income (most recent paycheck stub)
Proof of residence such as a utility bill, rent receipt or pay stub
Your vehicle and a spare key- the vehicle can be a car, truck, boat, motorcycle or RV
Proof of insurance for loans $3,000 or more
Your lien-free car title
SSN verification (or ITIN verification)
Secured (Auto) Installment Loan FAQs
Secured loans require collateral, such as a vehicle, while unsecured loans do not.
No, but it helps. You do not need a good credit score to qualify for a secured (auto) installment loan with Always Money®. We use your vehicle’s title as collateral, making it easier for those with less-than-perfect credit to secure a loan.
Yes, you can continue to drive your vehicle while repaying the loan. We hold onto the title as collateral, but you retain full access to your vehicle.
Yes, you can pay off your secured (auto) installment loan early without any prepayment penalties. Paying off your loan early can help you save on interest costs.
Benefits of Always Money® Secured (Auto) Installment Loans
Our secured (auto) installment loans come with flexible repayment plans that fit your budget. Spread your monthly payments over a set period, making it easier to manage your finances.
With a secured (auto) installment loan, you can continue driving your vehicle while repaying the loan. We only hold the title as collateral, allowing you to maintain access to your car, motorcycle, ATV, or any other eligible vehicle.
Always Money® is committed to providing transparent and reliable service. Our loan specialists are available to answer any questions and guide you through every step of the process. We ensure you understand all terms and conditions before committing to the loan