Can I Get Old Car Title Loans?
Do you have a classic or older vehicle? You can potentially borrow against the value of your car through a title loan! Old car title loans, otherwise known as classic car title loans, are a convenient way for qualified borrowers to access emergency cash. Simply use your vehicle’s title as collateral for the loan!5
Max Cash Title Loans can help make the application process simple. We have a network of verified lenders, so if you’re ready to apply for online title loans for older cars, call 855-561-5626 today! Or, click here to get started and fill out a short inquiry form. Our title loan agents are available 7 days a week to take your call if you have any questions about applying for classic car title loans!5
What is a Classic Car?
A classic car is typically defined as a vehicle that is older than 25 years and has maintained its original design and features. Classic cars are often considered to be collectible and have a higher resale value due to their rarity, historical significance, or unique characteristics.
In comparison, older cars are vehicles that are outdated or no longer in production. Typically, when a car is older than 10 years, it is considered to be an “old car”. Some of the key factors that affect the value of. vehicle are its age, its mileage, and its overall condition. Although it is true that older cars are generally worth less than newer models, classic cars typically hold their value over time if they are kept in good condition. Even if you have an older or classic car, it is possible to apply for old car title loans or classic car title loans! However, you will need to meet the lender’s application criteria in order to obtain loan approval.5
What Do I Need to Get Online Title Loans for Older Cars?
To get online title loans for older cars, there are a few requirements that you will need to meet. Firstly, you will typically need to have a valid and clear car title in your name, although there are some exceptions. This means that there should be no liens or outstanding loans against the car. Secondly, to obtain old car title loans, you will need to provide proof of income.
This is to show the lender that you can repay the title loan. This can be in the form of pay stubs, bank statements, or any other piece of qualifying documentation that shows your ability to repay the loan.
Additionally, you will need to provide proof of identification, such as a driver’s license or passport. The identification card that you submit online must be valid in order to verify your identity.
Other Documents You Will Need to Apply for a Title Loan
You may also be required to provide documentation that verifies the condition and value of the car. If you are applying for a title loan at a storefront location, the lender will conduct the inspection in person. But if you are applying for an old car title loan online, you can submit pictures of your car instead. Since your loan amount for a title loan is partly based on the value of your vehicle, you must undergo an inspection to verify the value of your car during your application.1 5
Are you planning on applying for an online classic car title loan? You can typically submit pictures of the following to complete an online car inspection with your lender:
- Your Car’s VIN, or Vehicle Identification Number (Typically Located on the Dashboard or the Driver’s Side Door)
- Pictures of All Sides of the Car, Including the Hood and Rear of the Car
- A Picture of the Odometer Reading
The easiest way to find out the exact documents you will need to obtain a classic car title loan online is to ask! If you have any questions about the application process for old car title loans, just give us a call at 855-561-5626.
Do I Need Good Credit to Get Classic Car Title Loans?
Bad credit refers to a low credit score or a history of poor financial management. Having bad credit can make it more challenging to obtain a loan from traditional lenders, such as banks or credit unions. However, there are options available for individuals with bad credit, such as online title loans. Online title loans are often more attractive to borrowers with bad credit.5
A perfect or good credit score is not needed to apply for classic car title loans. If you are eligible for a title loan, the title of your older or classic car will secure the loan. That makes title loans much more flexible in comparison to unsecured loans.5
How Much Can I Get Through Old Car Title Loans?
The amount you can potentially access if you are eligible for a title loan with a car older than 10 years will depend on a few different factors, such as:1 5
- The Amount of Value Your Car Has
- Your Income
- Your State of Residence
- Your Lender’s Policies
- Your Ability to Repay the Loan
Depending on your state of residence, your lender, and your income, you could potentially obtain up to 50% of your classic car or older car’s value.1 5 If you want to learn more about the amount of money you could potentially obtain through an online title loan on an old car, call 855-561-5626 today!
Why Choose Max Cash Title Loans?
You might be asking yourself, “Why choose Max Cash Title Loans to apply for classic car title loans? The answer is there are a few different benefits you can take advantage of, including the following:
- Bad Credit is Not Always a Problem5
- Quality Customer Service Agents to Work With You Throughout the Application Process
- Conveniently Submit an Application Online or Over the Phone5
- We Can Connect Qualified Applicants to Our Network of Verified Lenders5
Click here or call 855-561-5626 to apply for an old car title loan today!