Can You Get Car Title Loans Without Registration?
You can get a title loan if you do not have a registration or if your registration has expired. However, whether or not you can get title loans without registration will largely depend on the lender you decide to work with. It also may depend on other factors, like your state of residence. As long as the title lender is a licensed registration service in one of the many applicable states, they may still be able to approve you for a title loan with expired registration. Even if your car isn’t registered, you could still have options to explore! If you need fast funding, at title loan can be a solution.5
With Max Cash Title Loans, finding the financial help you need has never been easier. To learn more about the ins and outs of car title loans, simply reach out to one of our title loan agents by dialing 855-561-5626 today! If you’re ready to jump in, fill out a short loan inquiry form today. Discover if you are pre-approved for funding!2 5
Importance of Car Registration
Before you can understand title loans without registration, it’s important to get more information about the car registration process. Essentially, car registration is a document that proves the necessary taxes and fees were paid on your vehicle. Additionally, valid car registration shows law enforcement that you are legally allowed to drive your vehicle on public roads.
Vehicle registration is required for both new and used vehicles across the country. The registration period for a vehicle is typically within thirty days of purchase. But, some states have grace periods of up to 60 days. However, in most states, you can face a late penalty fee if you do not register your vehicle within the appropriate time frame. Once you have registered your vehicle, that registration will last one to two years, depending on the state. If this deadline has passed and this document is not updated, your registration will expire.
You must also update your registration if you move to a different state. You will usually have the same thirty-day grace period to upgrade the registration. Driving with an expired car registration (or no registration at all) can result in penalties and fines. It may also include a citation, impoundment of the vehicle, and suspension of your driver’s license. It’s important to renew your vehicle registration on time to avoid these consequences. And, you can ensure that your vehicle is legally registered and safe to drive on public roads.
Why is Registration Important for a Title Loan Agreement?
A vehicle that is registered is legally allowed to be driven on public roads. This translates to more confidence with the lender during your application because it shows that your vehicle is titled and registered. Unregistered vehicles can often raise red flags to some lenders, which is not ideal during a loan application.
Situations Why Your Car May Not Be Registered
While you will need to have your car registered if you want to drive it without penalty, there are situations where your car may not be currently registered, such as:
- You Bought the Car From Private Seller
- Delayed Paperwork From the Dealership or Registration Records from Your State’s Department of Motor Vehicles
- Have Expired and Lapsed Registration
If you have just purchased a vehicle, you are responsible for registering it within your state’s timeframe if it is a private sale. But, if you bought a car from the dealership, you can’t help if your paperwork from the dealership was delayed! The dealership is typically responsible for handling this on your behalf. Similarly, if your car title was recently transferred to your name, there could be delays in updating the registration records at the applicable government agency in your state.
How Do I Register My Car?
When you purchase a new car (or just new to you), the dealership will help guide you through the registration process. This takes a lot of the headache away because you don’t have to do it on your own!
If you buy your vehicle through a private party, you must go to your local Department of Motor Vehicles (or state equivalent) or a AAA service location. At those locations, you will request transfer ownership of the vehicle and begin the registration process.
If you lose the registration, you can get a replacement. But, it will require the necessary documents and an application at the application government facility. Depending on the state, you must also pay a fee that ranges from $2 to $20 or more.
What Documents Do I Need to Get a Title Loan With Expired Registration?
Registering your car is a legal requirement that allows you to drive your car on public roads. But it’s also important if you want to get a title loan! If your car title lender is able to register your vehicle on your behalf, then the Department of Motor Vehicles or equivalent state facility will allow them to place a lien on your title after your loan is funded.
However, before this process can begin, you must also turn in additional documents to show the lender that you qualify for a loan. Those documents often include the following:5
- Vehicle Title: You will need proof of vehicle ownership. At the time of your loan inquiry, you will need a car title in your name and in your possession.
- Vehicle Inspection: You must physically inspect the vehicle so the leader can determine its value and condition.
- Proof of Income: You can prove your income through pay stubs or bank statements. Although you cannot get a title loan without proof of income, alternative forms of income (such as disability income) can be accepted by some title lenders.5
- Insurance: Make sure this documents is valid prior to submission.
- Valid, Government-Issued Identification:
Ultimately, the amount that a lender is willing to loan will largely depend on the value of the collateral and your ability to repay the loan. Depending on these factors, you could get up to half of your car’s value!1 5
How Can I Get a Title Loan with Expired Registration?
Getting a title loan with an expired registration is similar to doing so without registration.
Some title loan lenders require that the borrower has a valid car title in their name and that the vehicle is registered and insured. An expired registration may raise concerns for the lender about the condition of the vehicle and the borrower’s ability to repay the loan.
Additionally, some lenders may require you to have an updated registration before approving your loan application, while others may allow you to proceed with an expired registration.
Depending on the lender and your state’s regulations, any accumulated registration or past-due fees may be included in your loan amount. This service is only available through lenders licensed as registration services in your state. These lenders can combine past-due fees, fines, or tickets into the total loan amount.
Remember that even if you obtain a car title loan without current registration, you are still responsible for repaying the lender for any fees they covered on your behalf, in addition to the total loan amount.
If you are considering getting a title loan with an expired registration, it’s best to contact the lender you are interested in working with. Ask about their specific policies regarding registration requirements.
That’s where Max Cash Title Loans can swoop in and help. We have a network of verified title loan lenders across the country! We do the hard work for you and all of the research. So we may be able to connect you to a lender and help you learn more about their policies. Then, you’ll be able to find an appropriate match for your lending needs.2 5
Where Can I Apply For Title Loans Without Registration or With Expired Registration?
You may have expired registration because you simply can’t afford it. Or, you may have moved recently and are taking advantage of the 30-day grace period to register your vehicle in a new state. Regardless of your reason, it can be possible to obtain title loans without registration. Max Cash Title Loans has a mission: to make getting a loan simple, secure, and fast.2 5
To apply, simply open your laptop or phone and complete the application process online! Alternatively, you can call 855-561-5626 to learn more about getting a title loan without registration. Don’t wait to find out if you are eligible for the financial help you need to get back on your feet!5