Table of Contents
- Can I Get a Title Loan without the Car Inspection?
- Can I Get a Title Loan without a Paid Off Car?
- What Types of Cars Are Accepted for Title Loans?
- Can I Drive My Car While I Repay My Title Loan?
- What Documents Do I Need to Get a Title Loan without a Bank Account?
- How Can I Make Title Loan Payments?
- Get a Title Loan without Leaving Home
Title loans can be one of the best emergency cash options out there! If you need money as soon as possible, you could use the car title to secure it.1 But is it possible to get title loans without a car inspection?
Yes! When you work with title loans serviced by LoanMart, you can start and finish the application process right from home without showing the car.
Can I Get a Title Loan without the Car Inspection?
A crucial step of the title loan approval process is undergoing a car inspection. Since the car’s title is used as collateral for emergency cash, the current condition must be verified. But having to drive your car to a store location is a hassle, and you may not have the time or the energy to do so. So can you get title loans without someone seeing the car in-person?
With online title loans, such as title loans serviced by LoanMart, the car inspection can be completed right from home! All you have to do is answer some simple questions about your car and take some pictures with your smartphone.
A title loan agent will need to know the year, make, model, style, and mileage of your car. These details will then be verified by images you upload online. You will be asked to submit photos of the hood, rear, driver’s side, passenger side, odometer, and VIN. It’s that easy!
Can I Get a Title Loan without a Paid Off Car?
If you are still making monthly payments on your car, don’t worry! You may still be able to qualify for a title loan serviced by LoanMart!1
One of the main qualifying factors for title loans is the equity in the car. Value and equity are similar but distinctly different, take a look:
- Value: The current amount your car type sells for on the market.
- Equity: The amount of financial ownership you have over the financed car.
To find the current equity of your car, you need to subtract the resale value by the remaining balance of your auto loan. If your car is worth more than what you still owe on it, then your car has positive equity and you may qualify for a title loan!1
What Types of Cars Are Accepted for Title Loans?
Title loans serviced by LoanMart have flexible requirements. As such, various types of cars can qualify for fast financial support. You don’t necessarily need a new car or low mileage to use your car’s title as collateral for a title loan. As long as your car has sufficient equity, you could qualify with a sports car, sedan, SUV, hatchback, classic car, and more!1
Can I Drive My Car While I Repay My Title Loan?
During the title loan repayment process, a lien is placed on the car title. A lien transfers ownership of the car to the loan provider for the duration of the repayment process. While some title loan options also require possession of the physical car, title loans serviced by LoanMart do not!
Your car is likely your main mode of transportation. Without it, you may have a hard time getting to work on time and running important errands. When you work with title loans serviced by LoanMart, you can keep driving your car while you make monthly payments! Paying your title loan back should not be stressful, which is why convenience is one of the key features of title loans serviced by LoanMart.
What Documents Do I Need to Get a Title Loan without a Bank Account?
If you don’t have a bank account, you may be concerned about your eligibility for title loans. But don’t be! A bank account is not a requirement for qualification when you work with title loans serviced by LoanMart.
A bank account is usually required to obtain your emergency cash through direct deposit, but there are alternative ways to receive your approved title loan money. With title loans serviced by LoanMart, you could opt to receive a check in the mail overnight or choose to visit a MoneyGram location near you.
How Can I Make Title Loan Payments?
Title loans serviced by LoanMart offer eligible borrowers various ways to pay back their title loan. Making loan payments should not be stressful, which is why you have access to all of the following options:
- Pay Online: Through your online title loan account, you could easily make payments using a debit or credit card.
- Pay through the App: Through the mobile app, you could pay using a debit or credit card.
- Mail a Payment: You could send a title loan payment through the mail to a payment center.
- Pay Over the Phone: Using a debit or credit card, you could pay your title loan over the phone.
- Set Up Automatic Payments: If you have a bank account, you could set up an automatic payment using a checking account.
Get a Title Loan without Leaving Home
Title loans serviced by LoanMart can be obtained at home without having to visit a store!1 To get started on the easy 3-step approval process, you can just click or call!
If you are approved for title loans serviced by LoanMart, you could possibly receive the money you need in as little as 24 hours! 3