Title Loans in Tacoma, Washington

How Do Title Loans Work in Tacoma, Washington?

Whether you drive a Toyota Tacoma or live in Tacoma and have a car with positive equity, you can unlock cash with your vehicle’s title through a type of secured loan called a title loan! Title loans in Tacoma, Washington, can help you borrow against your car’s equity and access fast funding.^{1 3}

While you do not need to have a specific make or model to apply for a Washington title loan, your vehicle will need to have a substantial amount of positive equity to qualify as collateral for a car title loan. Your loan amount and eligibility will largely depend on the amount of available equity in your vehicle.¹ Equity is the difference between the market value of your vehicle and the amount you still owe on your car loan. If the amount that you owe is greater than the resale value of your vehicle, then you have negative equity. Your vehicle will need to have positive equity to get a title loan!¹

If you meet the lender’s application requirements and submit the correct documentation, a lender will add a lien to your vehicle’s title after the loan is complete. The lien will remain on your vehicle title throughout the entire loan process, but you can continue to drive your vehicle wherever you need to go during the repayment period. Just make sure to pay your loan on time each month!

Got any questions about how to apply for online title loans in Tacoma, Washington? Call LoanMart at 855-422-7412 or visit our FAQ page to get more information! Applying for the financial help you need can be simple and straightforward, so why wait to get started?¹

How Can I Get My Car Title Back if I Get a Tacoma Title Loan?

The lien on your car’s title will be released by the title lender once you have completely paid off your loan, and your title will be shipped back to you! It may take up to 15 days or more to receive your vehicle title after the repayment process has been completed.

How to Apply for an Online Title Loan in Tacoma, Washington?

If you don’t have any time to waste, you can skip the hassle of applying for a car title loan in person. Instead, apply for an online title loan in Tacoma serviced by LoanMart!¹

The application process is streamlined for your convenience, and you don’t waste any gas by filling out an online pre-approval form! Gas prices are continuing to rise across the nation, so being able to apply online can be a huge perk to take advantage of.

What are the Title Loan Requirements in Tacoma, Washington?

Before you can start your application for a Tacoma title loan, you’ll need to gather a few important documents and make sure that you can meet the initial requirements to get a title loan, which includes the following:¹

Must Be at Least 18 Years Old to Apply for a Title Loan in Washington
Have a Title to a Qualifying Vehicle in Your Name
Provide Sufficient Evidence of Income

Here’s what you can expect the online title loan application process to look like:

Call or Click to Apply: Over 92% of households in Tacoma, Washington, have a computer. The title loan prequalification form can be completed online with your computer or smartphone, or you can contact a title loan representative by calling 855-422-7412. Both options can be quick, convenient, and simple!^{1 3}
Submit the Right Documents: Once you have submitted your online inquiry form, you can find out if you are eligible for initial pre-approval. If you are, a LoanMart title loan representative will reach out and ask you to submit a few documents to verify your identity, income, and other important information. You will need to have proof of income and address, a valid, government-issued photo identification card, and a car or truck title in your name during your loan application. During this step, you will need to complete a vehicle inspection by submitting a few recent pictures of your vehicle. You can’t get title loans with no vehicle inspection in Tacoma, Washington, but you can easily complete a virtual inspection when applying online with LoanMart!¹
Sign Your Electronic Loan Contract: Upon final approval for an online title loan, you can discuss your loan terms with your title loan agent, sign your electronic loan agreement, and decide how to receive your title loan money.¹ It is possible to get title loans with direct deposit in Tacoma, Washington! If you choose direct deposit to receive your loan proceeds, you can access your quick funding in as little as one business day.³

How Much Cash Can I Get Through Car Title Loans with No Store Visit in Tacoma?

Rent prices have risen significantly over the past few years in Tacoma, so if you are struggling financially, you are not alone. Online title loans can be a convenient way to apply for emergency cash without leaving your home! If you are eligible for an online title loan in Washington, you will typically be able to access anywhere from 25%-50% of your car’s total value. The average loan amount for a title loan serviced by LoanMart in Tacoma, Washington, is $3,549.¹

The total amount of funding you will be able to get through a car title loan is predominantly determined by these two factors:¹

The Amount of Equity in Your Car
Your Income

If you are approved for a car title loan serviced by LoanMart and need quick cash in your hands, you can visit a participating money transfer location in Tacoma to collect your loan proceeds! Qualified borrowers can get their funds in as little as one business day after loan approval.¹

Can You Get No Credit Check Title Loans in Tacoma, Washington?

Although the average credit FICO credit score in Tacoma, Washington, has increased by 25 points in the past few years, not every resident of the Evergreen State has prime credit.

If you do not have a high credit score, you may be unwilling to apply for a loan that requires a credit check. Typically, getting a car title loan without a credit check is difficult because most reputable title loan lenders will need to review your credit report during the application process. Credit reports are accessed by lenders in order to assess your current financial situation and determine whether you are a reliable borrower.

That being said, it is possible to get bad credit title loans in Tacoma, Washington! Having a low credit score doesn’t mean you should avoid applying for a loan with a credit check. One of the many advantages of applying for a title loan serviced by LoanMart is that you don’t need a perfect credit score to obtain loan approval.¹

If you want to learn more about applying for title loans with poor credit, just give us a call at 855-422-7412 today. Our expert title loan agents can easily answer any questions you may have about applying for car title loans in Washington!¹

How Can I Use the Tacoma Title Loan Calculator to Get a Loan Quote?

LoanMart has a convenient title loan calculator that you can use to obtain a vehicle value estimate and a loan quote with absolutely no obligation! Here’s a short list of the information about yourself and your car that you will need to submit into the online calculator form:¹

Make, Model, and Style of Your Car
The Year of Your Car
Your Current State of Residence

With LoanMart, applying for car title loans doesn’t have to be complicated! Click here to use the online title loan calculator on the LoanMart website.¹

Where Can I Get Title Loans with Instant Approval in Tacoma, Washington?

If you’re stuck in a tough financial situation, you need fast cash! A title loan can help qualified borrowers access emergency cash to pay off an unexpected bill or consolidate debt.^{1 3}

Online title loans can be fast, but you won’t be able to obtain instant approval or instant online title loans in Tacoma, Washington. The application process simply doesn’t work that way for most loan options, including title loans and personal loans! During your loan request, your documents will be reviewed by your title loan agent for completeness and checked if they meet all requirements (e.g. your government-issued photo ID cannot be expired). This process can be quick if you gather all of the required documents in advance, but it is not humanly possible for it to be instantaneous.³

However, it is possible to get instant pre-approval for a car title loan in Washington!¹ With LoanMart, the initial prequalification form is shorter than a full car title loan application. This form was created to allow potential borrowers to quickly find out if they can prequalify for a loan based on some basic information. You can thus get a prequalification within minutes!^{1 3}

There is no store visit required to get started! Click here to apply for a title loan serviced by LoanMart and find out if you are pre-approved for the emergency cash you need.^{1 3}