Vehicle registration is required by almost every state. With vehicle registration, you are proving to your state that you are legally allowed to drive your car. With a car title, you are establishing yourself as the owner(s) of the vehicle.
You can also use your vehicle’s title to get a loan. When applying for a title loan, you will need to submit a few documents to verify your information. While these documents may change from state to state, you can expect to need:
- Proof of Income
- Proof of Address
- Photo ID
- Car Title
- Vehicle Registration
If you are thinking of getting a car title loan but you do not have your registration card, you may be wondering if you can get a title loan without registration. If you have misplaced or lost your card, you can get a new one from your local DMV, or Department of Motor Vehicles. There may be a fee to replace it, but you’ll be able to get a new one in a flash!
How Do I Get Registration for a Car?
Once you’ve purchased your vehicle, you’ll be required to register it with your state. Often, this can cost anywhere from $50-$200 depending on the area you reside in. If you purchased your vehicle from a dealership, you would likely receive the vehicle registration from there. When you purchase your vehicle from an individual seller, however, you will often need to register it on your own at the local DMV.
If you realize that your vehicle has never been registered, now is the time to do so. Registering your vehicle is much simpler than you might think! To complete new vehicle registration at your local DMV, you will need:
- The Vehicle Title in Your Name
- A Passing Grade on an Emissions/ Smog Test
- A Passing Grade on a Vehicle Inspection
- Some States May Require Car Insurance
If you have lost your vehicle registration or it has been stolen, you can apply for a new document easily. Typically, your local DMV can help walk you through the replacement process. You will likely only need to fill out an application and pay a fee to get your replacement copy. Some states will require you to fill out a registration requestion application, which can be found at your local DMV or on its website. You may even be able to fill out the request entirely online!
Why Can’t I Get a Title Loan Without Registration?
During the approval process for a title loan, you will often be required to submit documents that verify your information. This includes your vehicle registration and insurance! These documents both verify your ownership over the vehicle and your ability to legally drive it. Your vehicle’s registration indicates that you are able to safely drive the car. Your vehicle’s registration card comes with identifying information like:
- Your Vehicle’s VIN Number
- The License Plate
- The Year the Car Was Made
- The Make and Model of the Car
All of this information is imputed online by a title loan agent to help identify the market value of your car. During the approval process for a title loan, your vehicle’s market value will determine what your loan amount is, and it will also determine if you are eligible for a loan.
Your ability to operate the car safely will affect the market value of the vehicle, which is the basis of eligibility for a title loan. You will be allowed to drive your car while you are paying off your loan, but it must be registered to do so! A registered car will protect the market value and allow you to legally drive on the road. While you may be trying to get a title loan without registration, it may not be in your best interest to do so!
How Do Car Title Loans Work?
Car title loans are a unique type of collateral-based loan. For a title loan, the collateral is the title to your vehicle! This allows you to access the equity in your car while making the approval process flexible and easy.1
With a car title loan, your eligibility is not based solely on your credit history. Instead, many car title loan agents will look more closely at:
- Your Vehicle’s Market Value
- Your Ability to Repay the Loan
The more your vehicle is worth, the more you can potentially borrow through a title loan if your income supports it!1 A ChoiceCash Title Loan quote will be based upon your income and your vehicle’s value. Typically, you’ll be able to borrow anywhere from 25%-75% of your vehicle’s market value!1
If your car is worth $10,000 on the market, it could mean that you would qualify for up to $7,500 through a car title loan. This amount could vary depending on your income! A car title loan agent will not offer an amount that is unreasonable for your current income and debt.1
If you are curious about what your car could be worth on the market, there is a helpful online tool you can utilize. A title loan calculator was created by ChoiceCash Title Loans to help borrowers find their vehicle’s market value and offer them a free title loan quote in the process! Simply input a few details about your vehicle and income to receive it.
If I Want to Get a Title Loan Without Registration, What Do I Need to Do?
You may not be able to get a title loan without registration, but you do have a few resources to consider. A ChoiceCash Title Loan agent can assist you during the approval process for a title loan and help you register your vehicle!
It can be just as simple as contacting a loan agent at 855-914-2945 and answering a few questions about your car. From there, you’ll be connected to your DMV and are free to fill out a vehicle registration request. You may be required to submit a few documents and pay a small fee, but you’ll be free to apply for a title loan as soon as your vehicle is registered with your state!
What Can I Use My Title Loan Funding For?
The applicants for a title loan often come from a variety of financial backgrounds and circumstances. While your circumstances may be different from another title loan borrower, title loans can be used for a variety of things!
Some of the most common ways that borrowers will spend their title loan funds are:
- Funeral Expenses
- Travel Costs and Vacation Expenses
- Home Repairs and Maintenance
- Car Repairs and Maintenance
- Emergency Expenses and Unexpected Bills
- Debt Consolidation
- Medical Expenses and Surgery Costs
- Rent or Mortgage Payments
While these are the most common ways that title loan borrowers spend their cash, there are undoubtedly other ways you may need to use it. Whatever your financial need is, a title loan may be able to help alleviate your stress and cover the costs. Your loan amount will depend on the value of your car and your income, but it could potentially be the right amount you need to solve your financial woes!1 While you may not be able to get a title loan without registration, you have resources available through ChoiceCash Title Loans to take advantage of.1
How Can I Get a Title Loan Online?
In this day and age, many consumers do all their shopping online. So why not get a title loan online as well? While you will not be able to get a title loan without registration online, you can apply for the help you need through ChoiceCash Title Loans.
A loan agent is available 7 days a week for extended hours to help you get your car registered, and help you get your loan! With loan options like ChoiceCash Title Loans, the entire approval process can take just a few steps:
- Go Online or Over the Phone and Find out Your Vehicle Registration Status
- Get Your Vehicle Registered
- Fill out a Short Inquiry Form Online or Over the Phone
- Send in a Few Documents to Verify your Information
- Get Approved and Get Your Cash!1
Applying for a loan doesn’t have to be challenging! With ChoiceCash Title Loans you can apply in just minutes online, or over the phone with a representative at 855-914-2945. Qualified borrowers can get their cash in as little as 24 hours!1 If you can get your funds that fast, why wait to see if you qualify? Get started on your loan today!