Is It Possible to Get an Out of State Title Loan?

Is It Possible to Get a Title Loan with an Out of State Title?

Are you trying to get a title loan but have an out of state vehicle title? Don’t worry! You may still be able to acquire the funds you need for an emergency! However, you must keep the following things in mind before you apply for a car title loan serviced by LoanMart:¹

• Borrowers Must Provide Residency for the State They Registered Their Title

• Borrowers Must Consult Their State’s Laws Regarding This Situation

Once you complete those previous requirements, you may obtain a loan in your state!¹ Read below for details on how you could get an auto title loan with an out of state title, or contact a title loan agent from LoanMart at 855-422-7412.

What Does It Mean to Have an Out of State Title?

When you relocate from one state to another, you might have a lot of things in mind. You could worry about contracting movers, putting each piece of furniture in place, or renovating your new home. Yet, through all that commotion, you could forget to register your car in your new state! Thankfully, most states will give you time to register the vehicle after moving.

For example, many states will give you 30 or even 60 days to register your car, while Alaska, Colorado, Idaho, and Kansas will give you up to 90 days. However, if you move to Arizona, you must make an immediate vehicle registration, while states like Massachusetts, Minnesota, and Missouri expect you to register as soon as you’ve established residency. Before you move, you should speak with your state’s local Department of Motor Vehicles(DMV).

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But what if you don’t register your vehicle on time? Be prepared to pay a late fee when registering your car. In addition, a police officer can fine you for driving without a valid registration and for not having your tags on the license plate. Keep in mind that the penalty will vary depending on your state, as well as by the type and frequency of the offense. The fine is typically small if you registered the car but failed to change your tags. Yet, repeat violations can result in points on your license and increased insurance rates.

Don’t forget to contact your local DMV if you have questions about registering your vehicle in your new state.

How Can I Get Car Title Loans with an Out of State Title?

If you are trying to get an auto title loan with an out of state title, there’s no need to worry. You could start your application process online, regardless of your state. Borrowers may still be able to acquire a car title loan, even if they apply with an out of state car title.¹

Depending on your state’s laws, you may only need to prove that you live in the state you registered your vehicle.¹

Take the first step and call our toll-free hotline to speak with a specialist.

What Can I Use as Proof of Residence?

A person can prove their new residence in many different ways. For example, you can use any form of official mail you received in the last 30 days, like a recent utility bill you paid. However, there are other documents you can use to prove your address, such as:

• Credit Card Statements

• Phone Bills

• Mortgage Statements

• Rental/Lease Agreements

There are many different documents you can use to prove your address! Talk to a title loan agent from LoanMart at 855-422-7412 to see if other documents are acceptable for this requirement.

What Other Documents Would You Need to Provide to Get Auto Title Loans with an Out of State Title?

Be aware that different states may require additional information besides proof of residence. Some states may require you to have auto insurance in your new state before you can register your vehicle.

To register your car, you will most likely have to go to your local DMV and complete an application for the vehicle’s registration. That could be available at the office or online through an electronic system. Some states may allow you to print the online form to submit within a certain time frame.

Additionally, you may need to describe the car, like its make, model, year, Vehicle Identification Number (VIN #), date of purchase, and whether you bought it used or new.

Other documents that a state may require are:

• Proof of Income or Alternative Income: Borrowers that inquire about car title loans serviced by LoanMart wouldn’t need a 9-5 job to meet this requirement. You could simply use various alternative income sources to demonstrate your ability to pay off a title loan, such as pay stubs, bank statements, retirement income, settlement income, Social Security/Supplemental Security Income, worker’s compensation, pension income, a letter of employment from your employer, or other forms of income.¹

• Recent Pictures of Your Car: During the approval process for a title loan, you would need to get through a vehicle inspection. However, when you apply for an auto title loan serviced by LoanMart, you could finish the inspection online! You would only need to take clear and visible photos of your car’s hood, rear, driver’s side door, passenger-side door, odometer reading, and Vehicle Identification Number. Once the images are ready, you could upload them directly from your smartphone.

• Proof of Valid, Government-Issued Identification: Car title loan representatives must verify your identity before proceeding with the loan inquiry. You must use a valid, government or state-issued photo I.D. card to validate your identity. You could use your passport, driver’s license, or other certified state identification cards.

• Some References: A title loan agent from LoanMart may ask you to provide personal or professional references. You could also provide both if you prefer that.

Keep in mind that some of these qualifications could vary depending on the state you are registering your vehicle. You may need to provide more or fewer documents than the ones listed here. However, it can be simple and straightforward to register your vehicle at the DMV!

How Soon Can I Get My Money from a Car Title Loan Serviced by LoanMart?

If you are concerned that it may take a while before you can register your car’s title and collect your emergency cash, don’t stress! Don’t forget how borrowers could get money in as little as 24 hours if they qualify! If you have any concerns about your out of state vehicle title and need help, you can always call a title loan agent from LoanMart! They are available six days a week for extended hours to assist you in any way possible.³

As long as you have a car title and the ability to repay an auto title loan, you could take advantage of a flexible application process. Simply dial the toll-free number at 855-422-7412 to begin your loan inquiry.¹

How Do Auto Title Loans Work?

With car title loans serviced by LoanMart, you could quickly get the cash you need. There’s no need to worry about long waits or mountains of paperwork like you would with other loan options.¹ ³

By using your car’s title as collateral, you can potentially secure your money. Remember that the title must be in your name to qualify for funding. If you share a name on it, there might be a chance for you to still get a loan! Additionally, if you’re close to paying off your car, you may still qualify for an auto title loan. However, you may have to complete a written permission and authorization form so the title loan lender can obtain information about your existing car loan and pay it off.¹

Remember that a few things will happen to your vehicle’s title when you begin the repayment process. Title loan lenders will place a lien on your car title until you have repaid the loan in full. After you finish your monthly payments, the lender will remove the lien, making the title clear!

The positive equity in your vehicle is an important element of the inquiry process for title loans; it can influence the loan amount you’d potentially receive for your financial situation. So if you want a significant amount, you would need to ensure your car has a high-value rate and you have the income to support that loan payment. Remember, you wouldn’t need a traditional occupation to prove your ability to repay car title loans. Just use an alternative form of income instead if you have it.¹

If you’re looking to get a considerable loan amount, you may benefit from knowing about the current equity in your car. If it doesn’t have the equity level to justify your desirable amount, there’s often a way to improve it. Simply focus on your vehicle’s condition to potentially boost its value rate! But how can you find out more about a car’s current equity? Thankfully, there’s an online calculator tool available for title loan borrowers to find an estimate with a quote, free of obligation. Once you acquire that estimate, you could contact a title loan representative from LoanMart to see if it qualifies for a car title loan.

Don’t wait to get the financial aid you require! You could start the application process from the comfort of your home. Just open up your laptop or use your smartphone to inquire about title loans serviced by LoanMart. Through this method, you could receive an approval status in no time!¹ ³

Are There Any Benefits in Obtaining a Car Title Loan Serviced by LoanMart?

If you’re stuck in a financial situation, your primary concern is about the cash you need. Yet, with a car title loan serviced by LoanMart, did you know that you can access more than just quick funding? While qualified borrowers could receive their money in as little as one business day, there are more benefits to take advantage of:¹ ³

• Keep Your Car Keys: When you begin the repayment process, you wouldn’t necessarily need to give your vehicle to anyone. Even though you’re using the car’s title to secure funding, you can still drive and access your vehicle. As long as you’re on time with your payments, you could continue to drive as you normally would!

• Bad Credit Isn’t Always an Issue: Borrowers who have low credit scores may have difficulty acquiring a loan. Luckily, car title loans serviced by LoanMart work differently. Since title loans are secured loans, your credit status isn’t the main focus during the eligibility process. Even if you’re not confident with your credit score, you could still apply for emergency cash!¹

• Competitive Interest Rates: When you get approved for a loan, you must repay the entire loan amount with interest. But when you apply for a title loan serviced by LoanMart, you could work with competitive interest rates if you qualify!¹

• No Hidden Fees: Most loan options tend to stun borrowers with unexpected that leave people in a cycle of debt. But when you get a title loan serviced by LoanMart, you wouldn’t have to worry about hidden fees or balloon payments! You could also allow yourself to repay title loans as early as you’d like since there are zero prepayment penalties!⁵

• Flexible Approval Process: As you may already know, it could be simple to apply for a car title loan serviced by LoanMart. Unlike traditional loan choices, a borrower wouldn’t necessarily need a perfect credit score to qualify for funding. So, the entire approval process can be flexible and convenient for many individuals!¹

• Excellent Customer Service: You can anticipate compassionate and thoughtful service with a title loan serviced by LoanMart. Don’t forget how car title loan representatives are available six days a week for extended hours to answer any questions you may have about the title loan process!

Apply for a Title Loan Serviced by LoanMart with an Out of State Vehicle Title!

To apply online for a car title loan serviced by LoanMart, you’d only have to follow three simple steps to finish the process!¹

Start Your Title Loan Inquiry:

Borrowers can decide to start the application process in one of two ways: fill out a short inquiry form online or speak with a title loan agent from LoanMart over the phone at 855-422-7412.

Submit Your Required Documents:

A title loan representative from LoanMart will contact you to provide all your important, qualifying documentation. If you upload your paperwork online, a title loan agent could quickly verify your information!³

Get Your Money!¹

Assuming you qualify for a title loan, you could choose from a few different ways to collect your cash! You could opt between a direct deposit to your bank account, a check sent to your new residence, or quickly pick up your funds at a participating money transfer location nearby!¹ ³

It takes no time to see if you meet the requirements for title loan funding! Get through a quick loan approval process that you could finish in minutes!³

So the next time you need an auto title loan and find yourself in a new state, just use your phone to apply online or call a title loan agent from LoanMart!