A financial emergency or an unexpected expense could be enough to set your budget back tremendously. If you found yourself facing a financial strain, consider using your vehicle to obtain the cash you need!
A title loan can allow you to borrow money against your car and cover your financial burdens. But, can you get a title loan without a car inspection? If your financial situation is pressing, you may not have time to waste on an in-person car inspection.
With ChoiceCash Title Loans, however, there is a convenient way to complete your car inspection online!1 Qualified borrowers can take advantage of this online process and get their cash in as little as 24 hours.1
How Does a Title Loan Work?
Title loans could possibly allow a borrower to access up to 75% of their vehicle’s equity.1 With a title loan, a borrower is using their vehicle’s title as collateral for the loan. This collateral makes the loan secured, and the approval process flexible.
Through a title loan, you are essentially borrowing money against your car. Your vehicle is collateral, but responsible borrowers can keep driving their car as long as they make on-time payments to their lender!
To apply for a title loan, you will need:
- A Qualifying Car with Equity
- A Steady Monthly Income or Alternative Income
- A Vehicle Title in Your Name
With these simple requirements met, it can be easy to qualify for a car title loan online.1
How Can I Get a Title Loan Without a Car Inspection In-Person?
If you are like most borrowers, you may be facing a tough financial situation where time is of the essence. An in-person car inspection is often required when you apply for a car title loan, and it can be a hassle.
Luckily, ChoiceCash Title Loans can help offer a better alternative. During the inquiry process, a loan agent will reach out to a borrower and ask for a few documents to verify their information. Since the inquiry process is online, these documents are a necessity to verify vehicle ownership and the borrower’s personal information.
One of the ways a borrower can bypass an in-person inspection is by submitting a few recent photos of their car! It is possible to get a title loan without a car inspection in-person. Simply take a few photos of your vehicle and include:
- The Front, Back, and Sides
- The Odometer
With these photos, a loan agent can help verify the condition of your vehicle without an in-person inspection!
Do I Need Good Credit to Apply for a Title Loan Without a Car Inspection?
When you’re stuck in a stressful financial situation, your credit history may not be up to par. If you are struggling with your credit, you may not qualify for many different types of traditional loans.
A title loan can be much more flexible during the approval process. Since title loans are secured with collateral, your credit is not the biggest factor that is looked at to determine eligibility. Instead, these two factors will carry the most weight:
- The Value of the Collateral
- The Borrower’s Ability to Repay the Loan
While your credit history may be considered during the approval process, it will not be the focus! Borrowers from all different types of credit backgrounds and financial situations may find themselves qualifying for a title loan. Even if you are not confident with your financial situation, you may still qualify for funding through a car title loan!1
What Documents Will I Need to Get a Title Loan Without a Car Inspection?
While you can get a title loan without a car inspection through a few recent photos of your car, there are a few additional documents you will need to supply during the approval process.
Typically, you can expect to need these documents handy when you apply for a car title loan with ChoiceCash Title Loans:
- Proof of Income: Your income is one of the biggest parts of the approval process, and you will need to provide proof that you can afford a loan payment. Most future borrowers will use their pay stubs or bank statements, but alternative forms of income proof can be accepted.
- Proof of Residence: If you have recent mail laying around like a utility bill or credit card statement, it can be used to prove your address.
- Car Title: To be used in the approval process, it must be in your name
- Government-Issued ID: Most borrowers will use their driver’s license or passport, but a military ID or other forms of government identification can be used.
For your convenience, these documents can be submitted online during the approval process!
How Much Funding Can I Get Through a Car Title Loan?
The amount of cash you can receive through a car title loan will entirely depend on your vehicle’s equity and your income. A loan agent will check your income to see what you can afford and use your vehicle’s available equity to determine what your loan amount will be.
Most borrowers are not aware of their car’s current equity, but there is an easy online title loan tool that ChoiceCash Title Loans created to find out.
With an online title loan calculator, a borrower can simply submit a few factors about their vehicle and get a free title loan quote! These vehicle factors include:
- The Make, Model, and Style of the Car
- The Year the Car was Made
- The Condition of the Vehicle
- The Mileage on the Odometer
With this information, a borrower can see what their estimate loan amount will be and find out their vehicle’s market value.
Where Can I Apply to Get a Title Loan Without a Car Inspection?
Ready to get a title loan without a car inspection in-person? ChoiceCash Title Loans can make the process easy for you! To get started, simply:
- Fill out a Short Inquiry Form Online and Get Prequalified1, or
- Call a Loan Agent Personally at 855-914-2945.
It can take just a few minutes to see if your vehicle and income qualify for the cash you need!1 Loan agents with ChoiceCash Title Loans are available seven days a week for extended hours to help you with your financial needs.