If you lead a busy life, you might be wondering if you can get title loans without vehicle inspections. The answer is not a simple yes or no! It depends on who you go to for the title loan and if the lender requires an in-person vehicle inspection. The reason for this is that many car title loan lenders want to see the value of the car, and usually have it as one of their requirements.
That’s because the value of a title loan depends on several things based on the vehicle being used for the loan:1
Make and Model
You can borrow against the value of a Honda Civic, Ford Focus, or another eligible vehicle! But keep in mind that your car’s make, model, and style will impact its overall value.5
Vehicle Condition
If a car suffers from extensive wear and tear or damage from a previous accident, a lender may use a vehicle inspection to investigate the interior or exterior condition of the car.
Upgrades and Modifications
Things like a new spoiler or any updates to the car’s interior or exterior design may increase the value of the car, which is what lenders may also look for during a vehicle inspection.
Mileage
Checking the odometer, a lender may use the vehicle inspection to see how many miles the car has gone through. Typically, the more miles that the vehicle has clocked in, the less value it has, which means less funding on the loan.
However, there may be times when someone may not want to have an in-person vehicle inspection to get a car title loan. This could be because…
- No time in their schedule for a vehicle inspection.
- Do not want to waste gas and travel for the vehicle inspection if they are required to go somewhere for it.
- Not wanting someone to come to their home for a vehicle inspection.
But is there another way of getting a car title loan without an in-person vehicle inspection? The answer is going with a lender that has the option for an online title loan or a virtual vehicle inspection. If you need money fast and traditional banks or other lenders have given you the runaround, online title loans can be a flexible solution. Some lenders can offer online vehicle inspections instead of physical ones, which can be much more convenient and accessible. Keep reading to find out more about getting title loans without showing the car. Or, call Max CashⓇ Title Loans at 855-561-5626 to speak with a title loan representative about online title loans!
How Can I Get a Title Loan Without Showing the Car to the Lender?
A financial emergency can happen anytime, and 37% of many Americans are unable to deal with unexpected expenses over $400 (and some don’t even have that much available). Max Cash Title Loans has a network of verified lenders that understand title loan borrowers need cash for unexpected expenses and emergencies.2 Getting in your car and dealing with a full-blown vehicle inspection is something that many people just don’t have time for.
This is where your smartphone comes in! Many lenders now offer virtual vehicle inspections instead of physical ones. On top of providing your paperwork, all that’s required during your application are high-quality photos of the vehicle’s interior and exterior.
These photos allow car title loan lenders to verify the status of a potential borrower’s vehicle and assess that it is in good working condition. Typically, a virtual inspection consists of the following:
- Pictures of the Car’s Back, Front, and Sides
- Close-up of the Odometer Reading and VIN
The Vehicle Identification Number (VIN) is typically located on the driver’s side door or the windshield. The photos don’t need to be fancy, just recent and clear!
If you’re searching for a title loan with an online vehicle inspection today, don’t stress! Max Cash Title Loans is here to walk you through the whole process if you need help. Our agents are available for 7 days a week to take your call!2 5
Can You Get a Title Loan Without Showing the Car?
A borrower’s vehicle title is used to secure the loan. Therefore, a vehicle is an integral part of the application process. Throughout the loan inquiry process, title lenders will usually determine if a person is a good candidate for a title loan based on past financial behavior, current assets (vehicle value), and their ability to pay back the loan.5 Establishing the value of your asset is required during the title loan inquiry process in order to determine what your potential loan amount will be. Additionally, your eligibility is based on the value of your vehicle. Therefore, a title lender will need to see your car to evaluate its value and determine its current condition. The overall condition of your car will affect its resale value, so a lender will need to see proof of your vehicle! That is why you can’t get a title loan without seeing the car.
What is a Vehicle Inspection?
Typically, title loan lenders want to inspect the vehicle before offering a loan because the car acts as the security for the loan, also known as “collateral”. The vehicle inspection is nothing to be concerned about unless, of course, you don’t have one. You will need to take your vehicle to a storefront location if they require it, but some do not. It is not uncommon for title lenders to just ask for a few recent photos of your car in good lighting.
If the inspection takes place in person, then the representative who handles your vehicle inspection will take pictures of the vehicle. They will make sure there is no significant damage to the vehicle, check the Vehicle Identification Number (VIN) and odometer, and confirm its estimated value. Other things the lender might consider are:
- Features and Upgrades: The features and configurations of your vehicle could increase its value.
- Modifications: Aftermarket parts added to your vehicle may affect its value. Updates to the car’s interior or exterior design may increase or decrease the value of the car.
Think of it as a vehicle inspection checklist, once your vehicle is inspected, you are one step closer to getting funded!
Documents Needed to Get a Title Loan Without Vehicle Inspections
Furthermore, because title loans are a short-term loan that uses your vehicle title and the value of your vehicle as collateral for a loan amount, things like bad credit scores aren’t significant to the loan process. That’s right, even if you have concerns about your credit check, you are welcome to apply.
Instead, we will need a few documents to submit your online application for online loan approval:
- Your Vehicle Title (Lien-Free)
- A Valid Government-Issued Photo ID (i.e., your driver’s license)
- Proof of Residency
- Valid Car Insurance
- Proof of Income (i.e., recent pay stubs)
- Pictures of Your Vehicle
While no inspection is necessary for a title loan found through Max Cash® Title Loans, potential borrowers will need to submit images of their vehicle. This is done so that lenders can verify the status of your automobile and assess that it is in good working condition.
In most cases, because title loan amounts are determined using the value of a vehicle, borrowers may receive a higher maximum loan amount with newer vehicles or vehicles in higher demand. That being said, we recommend only accepting a loan amount that you know for certain that you will be able to repay.
Furthermore, proof of income is necessary to demonstrate that you are able to repay the loan amount in full. This information is best found through the submission of recent pay stubs or other information that verifies a borrower’s income. However, if a borrower does not have a dependable source of income, there are other alternatives to seeking approval.
In addition to proof of income, most title loan lenders will request proof of your identity to verify that you have a valid name registered on the vehicle title. Ideally, you will own the car outright, but it is possible to get a title loan even if it is not paid off completely.
Make sure to keep in mind that requirements differ from lender to lender. So, it is important to reach out to them and learn more about their specific needs and criteria for the loan. Or, just give us a call at 855-561-5626!5
Why Choose Max Cash Title Loans for Car Title Loans without a Vehicle Inspection?
Finding an auto title loan without adequate resources can be a confusing and time-consuming process. At Max Cash Title Loans, we can assist you every step of the way. With our network of direct lenders, we can cut the amount of time it takes to find a great title loan in half.
Additionally, when you choose to work with Max Cash Title Loans, you could also have several great benefits at your disposal.
- Competitive Interest Rates and Convenient Loan Terms4
- Flexible Eligibility Process
- Fast Cash Solution
Apply Now for an Online Title Loan Without a Vehicle Inspection
If you’re ready to start your online title loan application, we’re ready to help. One of the best parts about working with us is that you can complete your application without ever leaving your home or office! Here’s a quick look at the title loan application process and what you can expect.
Complete Title Loan Application
Complete your hassle-free application online or over the phone with one of our loan specialists.
Discuss Financial Needs and Loan Details
Once you submit your application for pre-approval, a loan processor will contact you directly to discuss your title loan needs in depth. You might also need to submit additional information for the approval process.
Receive Approval, Get Your Cash
If your application receives approval, a loan specialist will contact you to discuss the loan agreement and monthly payment plan.5
Should you agree to the title loan terms, you could get your quick cash on the same business day!1 2 We can send you your cash via check or direct deposit into your bank account or credit union!1 2
As you can see, the application process with Max Cash Title Loans is fast, straightforward, and hassle-free. Our mission at Max Cash Title Loans is to help customers in need find quick cash when they need it most. 5 Whether this is your first time going through the title loan process, or you’ve gone through the process before, our team of loan specialists is available to help you seven days a week!
Contact us today or fill out an online application to learn more about how we can help you with your title loan needs!