New Mexico Government Vehicle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Government Vehicle Accident Loans in New Mexico?
A car accident loan, specifically relating to government vehicles in New Mexico, is a type of funding designed to assist plaintiffs involved in legal suits. The loan helps individuals who have incurred injuries or damages due to the negligence or error of a government-owned vehicle. This could be a bus, van, police car, or any other officially designated vehicle.
Someone injured in such an accident could wait months or even years for their case to be resolved. During this period, they may experience a financial strain due to medical bills, loss of earnings, and other associated costs. This is where car accident loans come in; these are meant to help them ease their financial burden while they await the resolution of their case.
Government vehicle accident loans are non-recourse advances. What this means is that the funding company, like LawsuitLoans.io, only recovers the loan amount from the settlement proceeds if the plaintiff’s case is successful. If the plaintiff does not win their case, they have no obligation to repay the loan, making it a risk-free financial lifeline. The advance amount is typically a percentage of the anticipated future settlement.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in New Mexico
Are you a plaintiff in a car accident case in New Mexico? While you wait for your legal case to conclude, you may be interested in a car accident loan. With LawsuitLoans.io, you can get funds upfront that will help you financially during this period. Below is some key information for your reference.
| Average car accident loan amount by LawsuitLoans.io in New Mexico | Not enough data available |
| Largest car accident loan by LawsuitLoans.io in New Mexico | Not enough data available |
| Average interest rate in New Mexico | Not enough data available |
| Median personal injury verdict in New Mexico | $31,000.00 |
| New Mexico statute of limitations | 3 Years; N.M. Stat. Ann. § 37-1-1 |
| New Mexico fault laws | New Mexico is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Government Vehicle Accident Loan in New Mexico?
If you’re involved in an accident with a government vehicle in New Mexico and considering a lawsuit loan, you might be wondering about eligibility. There are two main points to remember. First, because accident claims involving government vehicles typically deal with self-insured or heavily insured entities, the usual risks are lower. This is advantageous for the funding company and the plaintiff.
Secondly, you need legal representation. Regulatory bodies stipulate that pre-settlement lenders can only work with individuals who have retained an attorney on a contingency basis. This means that your attorney only gets paid if you win the case. This condition is common across the industry and is not unique to LawsuitLoans.io.
Last, but certainly not least, you must be at least 18 years old to apply for a lawsuit loan. This standard age requirement is present across all states due to contracts and agreement law.
In summary, the major criteria for eligibility for a car accident lawsuit loan involving a government vehicle in New Mexico is having an attorney representing you on a contingency basis and being at least 18 years old. If you satisfy these criteria, you could be on your way to receiving the funding support you need while your case progresses through the court system.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in New Mexico
Accidents involving government vehicles can occur just as commonly as those with private vehicles. In New Mexico, claims involving government vehicles can take various forms. Here are a few examples:
Police Vehicles
Emergency situations often require police officers to drive at high speeds. Unfortunately, this can lead to accidents. If you’ve been in an accident involving a police vehicle, you may be entitled to make a claim.
Public Buses
Public transit, like buses, cater to a large number of passengers daily. Accidents involving these vehicles can lead to injury claims from multiple parties. Although filing such claims can be complex, the injuries suffered might make it necessary.
School Buses
Children’s safety is paramount. Therefore, accidents involving school buses are taken very seriously. The school district could be held liable if a child is injured due to negligence, resulting in possible claims.
City or State owned Vehicles
The city or state owns various types of vehicles, all with their respvective functions and responsibilities. These include fire trucks, garbage trucks, and maintenance vehicles among others. Liability in accidents involving such vehicles can fall on the city or state government.
Regardless of the type of government vehicle involved, lawsuits emanating from such accidents tend to be complicated. However, LawsuitLoans.io can provide financial assistance while you wait for your legal case to resolve.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Government Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example. Imagine a plaintiff in New Mexico who has been in a government vehicle accident. The estimated value of his case stands at $300,000. But the case is still ongoing and won’t be settled for some time.
Ordinarily, medical providers receive around 1/3 of the settlement, and another 1/3 goes to the attorney. As a result, our hypothetical plaintiff would likely receive around $100,000.
In this situation, LawsuitLoans.io could potentially advance 25% of that amount. That’s a sum of $25,000. This money can help the plaintiff during the hard times without any need to worry about their legal proceedings.
Cities we Service in New Mexico
LawsuitLoans.io provides funding throughout New Mexico. See more about our funding in New Mexico by visiting the city pages below:
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Other Cases we Fund in New Mexico
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New Mexico. Read more about the personal injury cases we fund in New Mexico here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New Mexico here:
Does LawsuitLoans.io Directly Fund Cases in New Mexico?
While LawsuitLoans.io operates as a direct funder in most states it services, we act as a broker and originate funding requests to a select group of partner funding companies in New Mexico.