How Can I Get a Car Title Loan Even Though My Car Has High Mileage?
Are you stuck in a tough financial situation and need fast cash? Car title loans can be the answer! With a title loan, you can borrow against the value of a paid-off car. If your car has taken you to many places throughout the years, you may be wondering if you can get a car title loan even though your car has high mileage. The great news is that even if your car has high mileage, you may still be able to get a title loan on it and access emergency cash.5
If you are curious about applying for a title loan, contact Max Cash® Title Loans today at 855-561-5626 to speak with a loan agent.2 5 You can also apply online using a quick application form to start right away. To learn more about getting an auto title loan with a high mileage car, continue reading below.
What Does it Mean to Have High Mileage on My Car?
Every car has an odometer reading that tracks the amount of miles that your car has been driven since it was manufactured. The amount of miles on your car impacts its overall value, along with other factors like your car’s make and model, trim level, and current condition.
Your eligibility for a title loan and your loan amount are based on your car’s value and your ability to repay the funding. However, it is possible to get a car title loan even if your car has high mileage! As long as your vehicle has enough positive equity and you meet the requirements, you can get the cash you need.5
How Do High Mileage Title Loans Work?
A higher mileage title loan is a type of secured loan that allows you to borrow against the value of your car, truck, or SUV and get the cash you need. A lien is added to your car’s title after the loan is funded and it will be released after you’ve made the final payment on your loan. While there are lots of online title loan lenders and title loan companies out there, it is important to find the right one for you.
One of the best things about a title loan is that you can still apply even if you have poor credit.5
Even better, with an online title loan, you never have to leave the comfort of your home to receive approval. Furthermore, as long as you maintain monthly payments on the auto loan, you can continue driving your vehicle!5
At Max Cash Title Loans, our team knows that everyone has financial struggles every once in a while, but we are fully committed to helping you get the most from your loaning journey. 1 2 If you have any questions about the auto title loan process, please don’t hesitate to contact us by dialing 855-561-5626.
High Mileage Title Loan Requirements
While requirements may vary depending on state laws and loan lenders, you may want to collect these documents beforehand:
- A Government-Issued Photo ID
- Proof of Residence
- Proof of Income
- Your Car’s Title (Must Be in Your Name and Lien-Free)
- Car Insurance
- Photos of Your Vehicle and Odometer
Typically, you must be of legal age and have a title to a qualifying car or vehicle in your name. Additionally, while you can get a car title loan even if your car has high mileage, you are required to provide proof of income during your application.5
How Loan Amounts are Calculated Through High Mileage Title Loans
Your loan amount is based on your car’s value, along with your ability to repay the loan.1 Other factors can come into play as well depending on your state of residence and the lender you decide to work with. Generally, you can access anywhere from 25%-50% of your car’s value through a title loan!1
Keep in mind that if your vehicle has higher mileage, it may have a lower value. This could mean that your loan amount is lower than it would be if you had a car with lower mileage.
Benefits of a High Mileage Car Title Loan When Working with Max Cash Title Loans
Our team here at Max Cash Title Loans works hard to make sure that you have the best experience possible. Here are a few of the benefits you will experience throughout your financing journey with Max Cash Title Loans.
100% Clarity When Working with Max Cash Title Loans
We pride ourselves on working with lenders who have no hidden fees during the lending process.2 3
Unique Loans for Unique Needs2 4
We know that every financial situation is unique in its own right. That is why we strive to have lenders in our network who can offer flexible loan terms and repayment options. 2 4
Excellent Service
Our team strives to treat each and every individual with the care and attention they deserve. We are always happy to help from beginning to end. We want to make sure you feel good about the service you are receiving!
How to Apply for a High Mileage Title Loan
Are you ready to start your high mileage auto title loan application today? This is how the title loan inquiry process works:5
- First, you will complete an application online or over the telephone by speaking with one of our loan specialists directly.
- Next, when your application is reviewed, a loan processor will call you directly to discuss your financial needs. During this call, you may also have to provide additional personal information to process your application for pre-approval. 5
- When your application receives final approval, a loan specialist will contact you to notify you of the loan amount, as well as the loan terms, monthly payment plan, and various other details about the title loan agreement.4 5
- Lastly, the only thing left for you to do after that is to determine how you would like to receive your cash! 1 2 With Max Cash Title Loans, and the lenders that we work with, you may choose to receive your title loan amount through a check or direct deposit into your bank account. 1 2
At Max Cash Title Loans, we strive to provide you with a fast and straightforward car title loan process. The entire thing could be completed in just a few minutes. If you are ready to start your auto title loan application, give us a call today!2 5
Apply for a High Mileage Car Title Loan with Max Cash Title Loans Today
Contacting Max Cash Title Loans is easy! Call us seven days a week to speak directly with an auto title loan agent or fill out an application online. With our help, we may be able to find you a title loan in one business day! 5 Contact us today to learn more about how we can serve you.