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Owning a car means you may have access to a valuable financial asset when you need a little extra money to handle unanticipated bills. Title loans serviced by LoanMart helps eligible inquirers pawn their car in exchange for affordable emergency cash. But can you pawn your car without the title?
Why is a Title Necessary to Pawn My Car?
A car title is an important document that proves you legally own the vehicle. Without a car title in your name, you are unable to sell your car, trade it in, or use it to obtain financial funding.
So sadly, you cannot get a title loan without a title in hand. But if you do not have a car title because it is missing or because you have yet to request a title transfer, know that getting a new title can be easy! Keep reading to learn how you could get a new car title to pawn your car with help of title loans serviced by LoanMart!
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How to Replace a Missing Title to Pawn My Car?
If your car title has gone missing, you can request a duplicate copy by visiting your nearby Department of Motor Vehicles (āDMVā). Depending on your state, you may be able to apply for a copy of your car title in-person or by mail. Although if you want to pawn your car now, itās best to visit in-person as you could get a temporary copy that same day.
Typically, you will need these items in order to obtain a duplicate copy of your car title:
- A government-issued photo ID
- Your car registration
- A completed car title replacement form
- Money for the replacement fee
Before visiting your local DMV, check your states official website to confirm the documents you will need as well as how much you may have to pay for a copy.
How to Transfer a Car Title to Pawn My Car?
If the car title is not in your name, you will need the previous owner whose name is on the title to sign the back. By signing the car title, the individual releases ownership of the car, allowing you to request a new car title in your name.
You could have the choice between applying by mail or visiting a DMV in person, but know that you could get a temporary copy in-person.
You may be asked to provide these items to obtain a car title transfer:
- A government-issued photo ID
- A car title signed by the current owner
- A completed title transfer form
- Money for the transfer fee
It is always a good idea to check your stateās official DMV webpage to confirm the documents you need before visiting in person.
What Documents Aside from My Title Do I Need to Pawn My Car?
Aside from the car title, you will need a few additional documents to pawn your car. Luckily, when you work with title loans serviced by LoanMart you only need minimal paperworkāwhich can all be uploaded online!
With online title loans, you can take pictures of your documents and just upload them to your online account. To do this, just lay out your paperwork on a flat surface with lots of bright light.
These are the documents you may be asked to upload online:
- Car Title (must be in your name)
- Proof of Identification (state ID, driverās license, or U.S. passport)
- Proof of Income (bank statements, paycheck stubs, government award letters, etc.)
- Proof of Address (recent utility bills, credit card statements, insurance statements, etc.)
- References (professional, personal, or a mix of both)
Do I Need to Complete a Car Inspection to Pawn My Car?
In addition to providing a car title and the documents listed above, you will also need to complete a car inspection in order to pawn your car.
With title loans serviced by LoanMart, you can just take clear images of your car from every angle to complete the car inspection process! There is no need for you to waste time driving down to a store in-person after work. So take your smartphone out and start capturing pictures of the hood, driverās side, passenger side, rear, odometer, and the VIN.
Once your images are uploaded online, they will be inspected by an agent. If everything is satisfactory, you can be fully approved for a car title loan!
How Do I Start the Process to Pawn My Car?
When considering pawning your car to obtain quick financial support, consider title loans serviced by LoanMart!
Eligible inquirers could look forward to a plethora of advantageous benefits like competitive rates, longer repayment terms, affordable monthly payments, no hidden fees, and much more! Best of all, even though you use the carās title to secure emergency cash, you do not lose possession of the vehicle!
There are minimal restrictions on what you could use the money for. So no matter what financial issue you may be struggling with, from medical bills to mortgage payments, a title loan could help you cover the cost.
To get started on the approval process to pawn your car, you can choose to call 855-422-7412 in order to speak with a representative or complete an online title loan request form. If eligible, you could look forward to receiving your title loan money the same day you inquire.3
Inquire with title loans serviced by LoanMart today and make the most of the equity in your car!1