VEHICLE

After I pay off my vehicle loan with Tower, when will the title be released?
Your title or lien should be released within two weeks from the date you pay off your loan
Thu, 6 Feb, 2020 at 3:30 AM
Does Tower offer major mechanical protection or a service contract?
With Major Mechanical Protection (Service Contract) from Tower, you can protect yourself from the expense of unexpected repairs long after your basic manufa...
Thu, 6 Feb, 2020 at 3:33 AM
How long does it take to process a GAP claim?
GAP claims are filed once Tower has all the required insurance settlement documents and the settlement check has been applied to the loan. Once filed, GAP c...
Thu, 6 Feb, 2020 at 3:34 AM
I've made payments to the totaled vehicle loan to avoid late payments and credit reporting. Will those payments be reimbursed?
When GAP claims are reviewed, the outstanding balance at time of loss is used for all settlement calculations. If the GAP settlement amount is more than the...
Thu, 6 Feb, 2020 at 3:35 AM
I've totaled my vehicle, do I have to keep making payments?
You remain responsible for making regularly scheduled loan payments while the insurance company reviews the insurance claim, as well as while the GAP compan...
Thu, 6 Feb, 2020 at 3:35 AM
What are my minimum auto insurance requirements?
According to the "Property Insurance" terms of your Credit Agreement, you must maintain insurance for any vehicle that is secured by Tower. Covera...
Thu, 6 Feb, 2020 at 3:36 AM
What happens after I refinance my vehicle with Tower?
Tower will make the loan check payable to the finance company. We also include a payoff letter requesting that the title or lien release be sent directly to...
Thu, 6 Feb, 2020 at 3:36 AM
What is minimum/maximum amount of an auto loan?
The minimum loan amount is $5,000 up to 60 months. The minimum loan amount is $15,000 for 72 months. The minimum loan amount is $25,000 for 84 months. The m...
Thu, 6 Feb, 2020 at 3:37 AM
What loan terms does Tower offer for vehicle loans?
Tower offers financing for 36- , 48- , 60- , 72- , and 84-month terms for new and used vehicles. The minimum loan amount is $5,000 up to 60 months. The mini...
Thu, 6 Feb, 2020 at 3:37 AM
What paperwork do I need to complete for the Motor Vehicle Administration for a private sale or if I am purchasing a leased vehicle?
You should contact your local Motor Vehicle Administration (MVA) to find out what forms are necessary to transfer ownership of the vehicle in question. You ...
Thu, 6 Feb, 2020 at 3:38 AM