Online Car Title Loans

Car Title Loans

Do you need fast cash? A car title loan is a short-term or long-term loan option that goes by many different names, such as: pink slip loan, auto title loan, auto equity loan, car equity loan, auto collateral loan and vehicle-secured cash loan. Regardless of the name used, these loans allow you to borrow based on the equity value of your car or truck to get funds you need.¹

Why Car Title Loans are the Better Option

If you want to get your hands on some quick cash, you are likely considering fast cash options, such as payday loans, personal loans, credit cards, or car title loans. Here’s a brief comparison:

• Payday Loans: Payday loans tend to have high-interest rates and short terms that can make the repayment process stressful. Repayment is typically expected within two weeks to a month, as this type of loan is meant to help you out between paychecks. If you need more than a few hundred dollars, then this loan option may not be ideal since these loans tend to have small loan amounts.
• Personal Loans: This type of loan is usually unsecured, which means your credit is expected to be high. If you have bad credit, you may not be able to qualify. Personal loans usually have longer repayment terms than payday loans, but they also have stricter qualification requirements.
• Credit Card Cash Advance: A cash advance from a credit card may be an option, but there are some factors to think about. You will only be able to access your available credit line, which means you may have to use two or more credit cards to handle a financial emergency. You could try and obtain more credit cards, but that might damage your score further and not be beneficial to your finances. Additionally, you may be charged more interest with a cash advance than you would from a regular purchase on your card.
• Car Title Loans: If you have a vehicle title with your name on it, or you are close to paying off your car, you could use the title as collateral to get quick cash with a car title loan!¹ Vehicles can often have high value, so you could potentially get a sizable loan that covers the cost of an unexpected expense.¹

When you choose to get a title loan serviced by LoanMart, you could get affordable monthly payments, competitive interest rates, and several other benefits!¹

Car Title Loan Eligibility

Just about anyone with a qualifying car could be approved for a car title loan serviced by LoanMart, though the car will have to be in your name and have the right amount of positive equity.¹ So, if your car is an older model or has a few cosmetic dents, you may still qualify for fast cash if it is deemed valuable enough!¹

When you use your car to get long-term financial help through a car title loan, your loan is secured by the money you have already invested in your vehicle and its maintenance.¹ So that yearly tune-up wasn’t a waste of money; it makes the money you can receive from a car title loan possible.

In addition to having a qualifying car, you will also need to show proof of a reliable income to get a car title loan. You could use a few different documents when you inquire about a title loan serviced by LoanMart, such as:

• Paycheck Stubs
• Bank Statements
• Government-Issued Income Award Letters
• And More

If you are without a job, you may still be able to qualify for a car title loan if you can demonstrate your ability to make monthly payments on time!¹ Speak to an agent today about your current financial situation by calling 855-422-7412.

Get Car Title Loans with Bad Credit¹

Most financial institutions have strict requirements for approval, such as a great credit history. With car title loans, bad credit may not make you ineligible for quick funding when you choose to inquire for a title loan serviced by LoanMart.^{1 3} You still have to complete a credit check, but your credit report the primary factor for your eligibility for a car title loan.¹

Car title loans are secured, meaning that the lending risk is lowered, which can benefit you. If your financial history could use some improvement, know that you don’t need good credit to qualify for car title loans.¹

What Is The Car Title Loan Approval Process?

The process of getting a car title loan is meant to be streamlined and efficient for borrowers dealing with a financial emergency.¹ There are no hidden fees to deal with or hoops to jump through.⁵ When you get a car title loan serviced by LoanMart, you can get quick funding as soon as the next business day!^{1 3}

The goal of a car title loan is to provide you with a sufficient amount of money in the shortest possible amount of time, all while making repayment obtainable and manageable.¹ You could get a car title loan through one of the best options in the business in only three simple steps.¹

1. Call or Click: To get started on the approval process for a car title loan, call 855-422–7412 to speak with a representative or complete the online application to receive a preapproval decision in minutes.¹
2. Submit Documentation: With title loans serviced by LoanMart, you can upload images of your required documentation online. Save time by avoiding the unnecessary trip to a store.
3. Get Your Funds in No Time^{1 3}: Once your information is verified, you can be fully approved for an auto title loan!¹ With title loans serviced by LoanMart, you can choose to get your money through direct deposit, a check sent in the mail overnight, or electronic transfer at a participating money transfer location.

Financial emergencies usually have upcoming due dates, so inquire for a title loan serviced by LoanMart today, and get a quote free of obligation in no time!^{1 3}

How Can I Find Car Title Loans Near Me?

Tired of searching for “auto title loans near me”? There has never been an easier time to find a car title loan serviced by LoanMart in your area. That’s because you can apply without leaving the comfort of your own home! Depending on your state, you can simply fill out a short form online, or call 855-422-7412 to speak with a title loan agent to get started. There is no need to physically drive to an office or wait for a representative to meet with you – with car title loans serviced by LoanMart, it can be done online for your convenience – including the required vehicle inspection!

If approved for a car title loan, you may receive access to the funds within the next business day.¹ As mentioned earlier, when emergencies pop up, they must be dealt with immediately. Don’t let things get overwhelming – take care of your financial burdens by applying for a car title loan in your area.¹

What Documents Do I Need to Qualify for Car Title Loans Near Me?

The initial requirements for applying for a car title loan are that you need to be at least 18 years of age, have a qualifying vehicle with the right amount of equity and prove that you have a form of steady income.¹ You will be ready to begin the process if you can show proper documentation of these items!

Loan inquiries can seem like a big process, and you may think to yourself, “are car title loans near me the right option?”, but don’t worry! The documents you need to apply for a car title loan serviced by LoanMart are usually ones you have on hand:

• Government or State-Issued Photo I.D.: You need to prove your identity, and you can do so by using a driver’s license, a passport, or any valid, government-issued photo I.D. As mentioned earlier, minors are not permitted to apply for these types of loans, so as long as you prove you’re an adult and have a valid I.D., you will be good to go for this requirement.¹
• Proof of Residence: While you don’t need to live physically close to an office that services car title loans, you will need to be able to prove your address. You can do so by using a piece of official mail, like a recent utility bill, credit card statement, or a bank statement.
• Proof of Income: To apply for a car title loan serviced by LoanMart in your area, you need to prove that you have a steady income and can make payments. You can show pay stubs, disability income checks, retirement/ pension income, or even proof of self-employment through bank statements.
• Proof of Vehicle Title: When inquiring about a car title loan, you will need to have a vehicle title in your name, or you must be close to paying off the vehicle. If the title is not currently in your name, you will need to pay a visit to your local Department of Motor Vehicles. A title loan agent with LoanMart may be able to help you!
• Photos of Your Vehicle: An in-person vehicle inspection is required by most title loan lenders. However, with a title loan serviced by LoanMart, you can opt for an online vehicle inspection instead! Just take a few pictures of your vehicle with your smartphone or camera. Recent pictures of your car can be an excellent way to determine what kind of shape it’s in. This is why it’s essential to take good care of your car, so that it may potentially be appraised for a higher value!

If you’re missing any of the documents above, reach out to a loan officer to discuss your options! Auto title loans are designed to be easy and flexible!

How Much Can I Get for a Vehicle Title Loan Near Me if I’m Approved?

As mentioned earlier, the value of your car can depend on several factors. One of these factors is what condition the vehicle is in – if it’s old and hasn’t been well maintained over the years, this can affect its value and your eligibility for a title loan.

Wondering why your vehicle’s condition affects loan eligibility? The answer lies in how car equity is determined and how that number impacts loan funding.

The equity on your car is essentially the difference between its market value versus how much you owe on it, if at all. So if you owe more than what your vehicle is currently worth, you would have negative equity. If you don’t owe anything on your car, then its equity is equal to its entire market value.

Typically, title loan lenders will look at how much equity you have in your car, and your maximum loan amount will be a percentage of that. If your vehicle is worth $10,000, you may be approved for 25% to 50% of that, depending on your state and income.¹

The amount of money you may receive if approved mainly depends on how much your vehicle is worth and how large of a payment your income supports.¹

How Can I Make the Necessary Repairs for a Vehicle Title Loan Near Me?

If your car is an older model or was sold to you by someone who put a lot of wear and tear on it, you may be worried about this affecting the value. The good news is that you can do plenty of things to increase its value on the market! Even seemingly minor repairs can make a big difference when a lender evaluates your car. Below are a couple of suggestions for fixing up a car.

1. Scratches, bumps, and scrapes: If you’ve been a car owner for a long time, you know that little fender benders are bound to happen now and then. These can result in cosmetic damages that don’t interfere with how efficiently your car drives but can deplete its value. Fixing these kinds of issues can significantly impact your car’s worth and may increase the amount of loan a lender approves for you!
2. Upgrades: New cars are outfitted with the latest technologies, making older cars seem much more outdated. New vehicles have touch screens, front, back, and rearview mirror cameras, Bluetooth capabilities, and much more. If you want to increase the value of your car, you could consider adding upgrades to your vehicle to make it more technologically advanced!
3. Regular Maintenance: As a long-term car owner, keeping up with regular maintenance checks is crucial for maintaining an efficient vehicle and keeping up its value. Taking good care of your vehicle is solid advice to follow, regardless of whether or not you want to apply for a car title loan.

Find Out if You Qualify for a Title Loan

Needing money during an emergency can be stressful. Fortunately, you can apply for online title loans with instant pre-approval!¹ With a title loan serviced by LoanMart, you can potentially receive funding in as little as 24 hours!³ 

As long as you meet the initial requirements for a car title loan, you are eligible to apply for a vehicle title loan serviced by LoanMart!¹ If you’re unsure what your car’s equity is, you can use this helpful online title loan calculator tool to find out. Instead of continuing to search for “auto title loans near me”, begin your title loan process with LoanMart online or call 855-422-7412 to speak with a loan agent!