The answer is a little more than a simple yes or no, since 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 because 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:
- 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.
- Add-ons- 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 where 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.
- Not wanting 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.
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
- 3 References
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.
Why Choose Max Cash Title Loans for a Title Loan 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
- 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
Once 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!