Table of Contents
- How to Get Online Title Loans without Title in Hand
- Without Title in Hand because You May Have Lost It
- Without Title in Hand because the Car Originally Belonged to Someone Else
- How to get a copy of a car title in other states
- Where Should You Keep Your Car Title and Other Vehicle Documents?
- Is it Possible to Get Online Title Loans without Title in Hand if I Still Owe on the Car?
- Can I Apply for a Refinanced Title Loan if I Have a Title Loan and a Lost Title?
- Documents Needed for Online Title Loans without Title in Hand
- Benefits of Online Title Loans
- Inquire for Online Title Loans without Title in Hand
Online title loans are similar to traditional title loans except they offer far more convenience. If you are in need of fast emergency funding, know that you could inquire for online title loans right from the comfort of your couch or kitchen table!
An auto equity loan is an excellent loan option that offers quick financial support1 through flexible qualification requirements. If you’re worried that you won’t be eligible for a traditional bank loan due to low credit, turn to auto equity loans! Despite having low or unestablished credit, you could still be deemed eligible for funding through a secured auto equity loan. All you need to qualify is a car and a consistent source of income.1
But what happens if you need financial support but you have no car title? In order to obtain online title loans a potential borrower needs to have a title in their name. Luckily, if you have no title it’s easy to get a duplicate copy or request a title transfer!
How to Get Online Title Loans without Title in Hand
If you have a car but the title is not in your name, you may be ineligible for an auto equity loan. During the repayment process, the car title is used as collateral to secure funding. If the car title is not in your name, then it does not legally belong to you and you can’t use it to obtain an auto equity loan.
Luckily, the process to get your name on the car title is simple and only requires a few steps!
Without Title in Hand because You May Have Lost It
You may have never thought about what your car title could ever come in handy for. It may seem like a silly piece of paper, but that’s one factor we will use when determining your loan amount. We use the title of your vehicle and your ability to pay back the loan to initially determine if you’ll qualify for a title loan. No title on your vehicle – no car title loan. Obtaining a duplicate or replacement title for your vehicle is actually rather easy!
When you realize you have a lost title, the first step you have to do is inquire for a new one. Each state has a different process for car title replacement, but you can usually complete the process by mail or in person at your local Department of Motor Vehicles (DMV) or Secretary of State office (SOS).
When you visit the DMV or SOS office in person to inquire for a lost title, you will usually need the following:
- Government-Issued Photo ID
- Car Registration
- Completed Car Title Replacement Form
- Money for the Replacement Fee
Without Title in Hand because the Car Originally Belonged to Someone Else
Sometimes you may be able to obtain a used car as a hand-me-down from a friend or relative. If the car originally belonged to someone else and now you own it, ensure that the car title is in your name.
If the car title is not in your name, then in the eyes of the law the car does not legally belong to you. This means you cannot sell it, trade it in, or use it to obtain an emergency loan. Until you acquire a new car title with your name on it, you may not even use the car to obtain emergency funding.
If you would like to formally proceed with the process of requesting a title transfer, you will need to send a request through the mail or inquire in person. If you decide to go in person, you will need to visit your local DMV.
For a title transfer, you will usually need a government-issued photo ID, a car title signed by the current owner, a completed title transfer form, and money for the transfer fee.
How to get a copy of a car title in other states
If you are moving to or from Ohio to another state, it’s important to know that each state office has different procedures to get a duplicate car title. Most require proof of ownership, photo ID, and a request form. You will also have to pay a fee since there is always a charge for providing a copy. If you are unsure how your specific state handles requests for a copy of a car title, visit the local DMV or BMV website.
Where Should You Keep Your Car Title and Other Vehicle Documents?
Owning a car comes with a lot of paperwork, so you have to know where to put all these important documents to keep track of them all and keep them safe. There are some things you should keep in your car’s glove compartment and other’s you shouldn’t. So where should you keep your car title and the other paperwork for your car?
You’ll have to show “license and registration” when asked by a police officer, but you shouldn’t keep the original registration in your glove box. Instead, keeping a copy of your registration folded into your wallet behind your driver’s license is better and safer.
Proof of Car Insurance
This is something that should always be in your car in the glove box or another safe compartment. In most states, you can be ticketed for having this on hand while driving.
This shouldn’t be buried in a drawer somewhere in your house. This is a very important book that should be kept in your glove compartment where you can get to it easily in case of a flat tire or strange symbol popping up on your dashboard. While on-the-go you need to be able to know how to fix any issues with your car. This guide can’t help you if it’s at home.
Your auto title is one thing you shouldn’t keep in your actual car. If someone were to break into your car and steal it, the thief would probably have everything they need to sell it or keep it. They would have the car title and they would probably have the registration information too if you keep that in the glove box.
Your car’s certificate of title is the legal document that says your car legally belongs to you. So you can see why this shouldn’t get into the wrong hands.
Instead, you should keep it somewhere safe where it cannot be lost, stolen, or damaged. While it’s possible to replace a car title or get a duplicate, taking good care of the original will save you a lot of hassle and a trip to the DMV.
It’s a good idea to keep your car title in a safe deposit box, a fireproof container or some other type of secure place at home. If you have somewhere safe where you keep your birth certificate, passport, etc. you should file your car title away in the same place. As an extra safety measure, you could also keep a copy of the car title at home in a separate safe place and/or with a trusted family member or friend.
Is it Possible to Get Online Title Loans without Title in Hand if I Still Owe on the Car?
The car you intend to use as collateral for a title loan must qualify and have enough equity. Title loan requirements are known to be flexible, so a lot of car makes and models are accepted. But can you get a title loan if you still owe on the car?
Even if you still owe on the car, you could be deemed eligible if the car has enough equity. Equity is essentially the ownership of assets. To find out the current equity in your car, you need to subtract the amount you still owe on the car by the current resale value.
One simple way to determine if your car has enough equity is to use an online car title loan calculator. All you need to do is enter some details about your car, such as the vehicle year and current mileage. If your car qualifies for a title loan, you may receive a free loan estimate!1
The loan can help with emergency bills such as:
- Helping a family member or close friend
- Paying rent
- Paying taxes
- Funeral expenses
- Emergency medical issues
- ….and many more unexpected situations
Can I Apply for a Refinanced Title Loan if I Have a Title Loan and a Lost Title?
If you needed emergency money and obtained a title pawn, you may have been initially relieved. However, if you find that your terms are not ideal or you need additional quick cash to cover an unexpected expense, consider refinancing!
When you are approved for a refinanced loan, you could receive a multitude of benefits, such as:
- Lower Interest Rates
- More Emergency Money
- Lower Monthly Payments
- More Time for Repayment
The process to refinance your title pawn starts with the simple inquiry process. But if you have a lost title, you need to first get a copy of your car title. Once you have completed the process to replace a lost title, you could start the refinance process!1
Documents Needed for Online Title Loans without Title in Hand
If you have no title in your name, make sure you request a title transfer or a duplicate copy before you inquire for an auto equity loan. Once you possess a car title in your name, you can start gathering your documents together to help speed up the approval process.
Take a look at some documents you may be asked to provide, aside from just the car title:
- Photo Identification: As proof of identity, you may show a government-issued ID such as a state ID, driver’s license, or passport.
- Proof of Address: To inquire for an auto equity loan, you need to show proof of address through credit card statements, utility bills, a house deed, a rental agreement, etc.
- Proof of Income: As proof of income, you can show paycheck stubs, bank statements, benefit statements, etc.
- References: For an auto equity loan, you may be asked to provide professional or personal references.
Benefits of Online Title Loans
Online title loans offer qualified borrowers a multitude of benefits. Aside from the perk of completing a majority of the process online, borrowers could get incredible terms that make repayment stress-free.
Take a look at some of the benefits you may receive with online title loans:
- Free Title Loan Estimate: If you want to know how much you may be able to get with online title loans but you don’t want to waste time on the phone with an agent, know that there’s another option! By using an online title loan calculator, you could get a preapproved decision and a free estimate within a few minutes!1 All you need to do is provide basic information on your vehicle.
- Fast Process: If you have an impending due date and you require emergency cash, consider online title loans! The inquiry process may only take 5 minutes and you could complete the approval process in as little as 24 hours!3
- Low Monthly Payments: If you want low monthly payments that do not negatively impact your life, consider online title loans. Your monthly payments could be kept affordable, allowing you to save more each month and pay other expenses.
- More Time for Repayment: A lot of loans come with short repayment terms, which can cause high payments each month. This can overwhelm borrowers and lead to financial issues down the line. Luckily, online title loans typically offer borrowers more time to pay back the borrowed money.
- Competitive Rates: Rates are one of the most expensive aspects of a loan. Online title loans usually come with competitive interest rates however, which could help ease the repayment process!
Inquire for Online Title Loans without Title in Hand
Online title loans are one of the best loan options out there. But if you have no title, you need to request a duplicate copy or a title transfer to inquire for online title loans.
Once you have possession of a title in your name, you could inquire for quick and affordable online title loans! Call (855) 277-4847 or fill out an inquiry form online to get started on the process today!
Title loans serviced by LoanMart offer quality service and unmatched benefits. If approved, you may be able to get the money you need to handle bills in just one business day!3