Max Cash Title Loans is proud to assist the residents of Germantown, Tennessee for all of their auto title loan needs.2 5 Auto title loans in Germantown are a great option to get the cash you need, regardless of your credit score. To discover how, call us at (855) 561-5626, or apply for a title loan online! Keep reading to find out more!
Can You Define What an Auto Title Loan Is?
An auto title loan is a secured loan with a lien on your vehicle’s title. The amount a lender can offer you is based on your vehicle’s general (make, mileage, model, year) value as well as your ability to pay the loan back.
What Do You Need for an Auto Title Loan in Germantown, Tennessee?
You will need to provide some information, documents, and photos to upload online as a part of your auto title loan process. Once you meet these requirements and have these items prepared, let us know so that we can begin your journey!
What your lender will need from you:
- Be at least 18 years of age
- Be a resident of Tennessee
- A few personal and/or professional references
- Government-issued photo ID
- Own a vehicle that is completely (or close to being) paid off
- A verifiable source of income
- Photos of the vehicle (4 sides, VIN, and odometer)
- Vehicle insurance
What is the Process to Get an Auto Title Loan?
The first thing you’ll want to do is complete the online application, even if you’re worried about your credit score!5
After you provide some documentation mentioned above, you can upload what is necessary online.
Our loan agents will then work to find you the best auto title loan offer with manageable payments and competitive interest rates.4 5 We can let you know if you’re approved in just a few moments, and present you with the right lender.2 5
How is My Vehicle Valued for an Auto Title Loan in Germantown, Tennessee?
Your lender will look at the vehicle information you provide and will assess based on what is referred to as standard information and enhanced information.
- Standard information refers to the basics about your vehicle- it’s make, model, mileage, and year.
- Enhanced information refers to your vehicle’s color, edition, condition, engine size, and any options the vehicle may have had installed such as leather interiors or a sunroof.
How Do I Make Payments Towards My Auto Title Loan?
Your lender may have a preference in terms of loan payments. Many of the larger lending companies have websites that contain a customer portal, similar to that of a bank or higher education institution, that allows you to keep track of your balance, what you still owe, and make payments.
Some may prefer you to make payments in person, at the lender’s location. If you prefer to pay cash, ask your lender if you can make same-day cash payments through Western Union.
Talk to your lender, they will want to find the most convenient option for you. If you want to get an idea of what your payments may look like, check out our loan calculator.
Can I Still Apply for an Auto Title Loan if I Have a Low Credit Score in Germantown, Tennessee?
You are encouraged to apply for an auto title loan, regardless of if you have poor credit, no credit, or a past bankruptcy.
Max Cash Title Loans still wants to work with you to help you get your finances together.2 5 If you are in need of quick funding but have been unable to find it elsewhere, an auto title loan might be just the option for you!
When Do I Get My Vehicle’s Title Back When I Have an Auto Title Loan?
While your lender holds onto your vehicle’s title as you pay your auto title loan back, the lien is released upon completion of payment.
Your lender will provide you with a release that you may send to your Secretary of State to receive a fresh title for your vehicle. Or you may simply attach the release to your title to show that it is once again in your name.
Are There Penalties to Paying My Auto Title Loan Back Early?
Should you choose, you can pay your auto title loan back early without the fear of fees or penalties.3 This makes auto title loans a great option for those who are seeking a short-term loan.
If you think you may be able to pay your loan back early, communicate this with both your lender and Max Cash Title Loan representative.
Contact Max Cash Title Loans in Germantown, Tennessee Today!
We know applying for an auto title loan can be confusing and intimidating at first, we’re here to help guide you through the process. Our loan agents are waiting to talk to you whether that’s at (855) 561-5626 or online, we want to assist you in getting the cash you need today! 2 5 We offer a fast, convenient, and secure process. Apply for an online title loan right away!
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location
