How Can I Get a Title Loan if the Title is Signed Over to Me?

An online title loan is a convenient way to access emergency cash by pledging your vehicle title as collateral for the loan. However, if you have a signed-over title, you may wonder, “Can I get a title loan if the title is signed over to me?”

When a car title is signed over to you by the seller, the ownership of the vehicle is legally transferred to you as the buyer. Once the title is signed, you can complete the registration and title transfer process at your local Department of Motor Vehicles (or state equivalent). One of the most important requirements for getting a title loan is to have a title to a qualifying car in your name. Your vehicle must have a decent amount of value to qualify as collateral for a title loan. If your car or truck has enough positive equity and you meet the lender’s application criteria, you can access up to 50% of the overall value of your vehicle through an auto title loan! The other requirements include having proof of income and being of legal age to apply for a title loan in your state of residence.1

Car title loans are secured loans, so the application process can be flexible even if you have a bad credit score.1 Submit a short pre-approval form online today to start the application process for a car title loan with a signed over title. If you’re eligible for a ChoiceCash title loan serviced by LoanMart, you can access competitive interest rates and receive fast cash in as little as 24 hours! Call 855-422-7402 if you want to get more information about applying for online title loans with a title signed over to you.1

Reasons Why a Car Title May Not Be in Your Name

title loan if the title is signed over to me

Qualifying for a title loan without a title in your name is not an option. You must have a title to a car, SUV, or truck in your name to apply for a title loan since you will be required to use the title as collateral for the loan.1

Below are common scenarios wherein a car title might not be in your name:

  • You don’t own the vehicle – another person’s name is on the title
  • The seller made a mistake when signing the title
  • The title is signed over to you but your car has not yet been re-titled in your name

No matter the reason, having the car title in your name is important if you plan on selling the car in the future or applying for a vehicle-secured loan. Keep in mind that it is possible to apply for a title loan on a financed car as long as your vehicle has enough positive equity to qualify as collateral for the loan.1

Understanding Title Ownership and Transfer of Ownership

A car title is a legal document that proves you’re the rightful owner of your vehicle. When buying a used car from a private seller, you must ensure the previous owner signs over the title to you – preferably in blue or black ink! You will need a signed over title to register your vehicle with your local government agency.

Here is a general overview of the title transfer process when buying a car from a private seller:

  1. Have the Seller Sign Over the Title: In order to release ownership of a vehicle, the seller must sign over the title to you. Depending on your state of residence, the seller may be required to sign the title in the presence of a notary public. You must sign the title and provide your basic contact information.
  2. Take the Signed Title to Your State Agency: After the seller signs the title, you can bring it to the applicable government agency office in order to complete the title transfer process and register your vehicle in your state. Depending on your state of residence, you may have to provide additional paperwork, such as a bill of sale and a completed transfer of ownership form.
  3. Collect Your New Registration and Title: The last step in the transfer process is to get your new title and registration. Make sure that the information on your title is accurate to avoid any issues in the future!

Be aware that if you purchase a car from a dealership, the dealer will typically handle all the paperwork for you. However, if you decide to work with a private seller, you must follow the steps listed above to obtain a signed title.

How Do I Apply for a Car Title Loan with a Title Not in My Name?

title loan with title not in my name

As previously mentioned, applying for a car title loan without a title in your name isn’t possible. You will be required to submit a few documents to apply for a title loan, but the most important one is your vehicle title! If your car title is lost, stolen, or it is not currently in your name, you cannot use it as collateral for a title loan. Fortunately, you can replace or transfer your vehicle title to your name by filling out the necessary forms beforehand and taking them to the applicable government agency.

Once your title is in the right shape, you can apply for an auto title loan. You will be asked to provide other documents to verify your information during the application process:1

  • Proof of Your Ability to Repay a Car Title Loan, Such as Recent Pay Stubs or Bank Statements
  • Recent Photos of Your Vehicle’s Interior and Exterior
  • Proof of Your Current Address Through Recent Utility Bills, Credit Card Statements, etc.
  • Valid, Government-Issued Photo ID, Such as a Driver’s License

These documents and photos can be easily submitted online or sent to a title loan agent through email or text message for your convenience. If you have all these documents on hand and meet the requirements, you can apply for a ChoiceCash title loan and access the funds you need for an emergency!

Check out these tips for applying for a title loan with a signed over title:1

  • Prepare to Complete the Process to Get Your Title in Your Name
  • Double-Check the Information You Provided on Your Application to Ensure Accuracy
  • Research and Compare Different Title Lenders
  • Only Borrow What You Need and Can Realistically Repay
  • Read and Fully Understand the Terms of the Loan Before Signing Your Agreement

If a title loan sounds like the right fit for your financial situation, don’t hesitate to start your application online or by phone. Call 855-422-7402 if you have any title loan-related questions, such as “Do I own my car when I have an auto title loan?”1

Apply for an Auto Title Loan with a Signed Over Title!

Applying for car title loans with a signed over title is simple and convenient. Use your smartphone, computer, or laptop to apply for a ChoiceCash title loan serviced by LoanMart! Complete a brief questionnaire online, or dial 855-422-7402 to speak with a title loan representative. Why wait to see if you qualify for the financial assistance you need?1

Qualified applicants can access numerous benefits with ChoiceCash title loans, including competitive interest rates, no balloon payments, and zero hidden fees! Apply today and get your cash in as little as 24 hours if you are eligible.1

Sebastían S.
Sebastían S.
Sebastían S. is a graduate of Texas State University and a contributing member of the ChoiceCash content team with over two years of experience in the financial services industry. As a proficient digital content writer, his writing style combines transparency and expertise in order to make complex financial topics accessible to a wide audience. Whether the topic is about title loans, debt management, or budgeting, Sebastian's objective is to provide readers with accurate and relevant information that is easily understood. Find him on Linkedin.