How Much Is Your Car Worth In Corpus Christi, Texas?

July 16, 2012 - PRLog -- Cars - for many people, they're far more than just a mode of personal transportation. For many people, especially those who don't own a home, their car is their most valuable financial asset. Although cars hold a lot of value, their worth does depreciate very quickly.

According to Edmunds.com, a new car's value depreciates about 9% the minute you drive it off the lot. If you just bought a $30,000 car, its value is only $27,000 the second after you buy it. After a year, if you drive your car as much as an average person would, the value loses another 10%, leaving it worth just 81% of the amount you paid the dealership. The value of your car only drops more as time elapses. Once you've owned it for 5 years and put somewhere near 75,000 miles on it, your car is worth just 40% of what you paid for it. That means your $30,000 ride is only worth $12,000 now.

There are many advantages to owning a new car, like having reliable transportation and being able to show off those shiny new wheels to your friends and family. The value depreciation, however, is a big drawback.

In today's economy, more people than ever before need to borrow a little money. Coincidentally, more people than in the past have watched helplessly as their credit scores have depreciated along with the value of their cars. People with bad credit have always had a great borrowing option available to them - Texas Car Title Loans. Car title loans in Texas allow you to use your car's title to obtain a fast loan. Since there's no credit check, the amount of your loan is determined by the value of your car, so if the value has depreciated, the amount of your title loan won't be as much.

Corpus Christi Car Title Loans in Texas  (http://www.corpuschristi-cartitleloans.com/) have always been an easy, hassle-free way to borrow money. If you're looking to borrow a large amount of money, though, you won't be able to do so unless your car is worth a lot. The bottom line? If you need to borrow thousands or tens of thousands from Texas Title Loans, you need to do it before your car value depreciates. If you wait until your car is worth half of its original value, Texas Title Loans will only be able to lend you half the amount of money. Don't wait until your car's value has depreciated - apply for car title loans in Texas today!