Car title loans are secured loans, meaning the vehicle is used as collateral for the loan. As a result, this makes the vehicle a very important part of the online title loan transaction.
A car title loan allows you to borrow money, fast, using the existing equity in your car as collateral. As a result, one of the key title loan requirements https://maxloan.org/payday-loans-mt/ is the vehicle.
Having said that, getting a car title loan without the vehicle is possible. In fact, many online car title loans can be completed without a physical vehicle inspection and without bringing the car to the lender.
These types of online title loans are completed without the need to show the vehicle to the lender. In these cases the title loan is done without the lender actually seeing the car in person. Instead, the lender uses vehicle pictures to verify its condition and assess its value.
To get one of these loans you will need to meet some specific requirements. You will also need to apply for, and be approved for, a specific type of online title loan.
Can I get a Title Loan without the Car?
Is it possible to get a title loan without bringing in the car? Yes, it is possible to get a vehicle title loan without the car as long as you:
- Own the vehicle,
- Have a lien free title, and
- Have access to the vehicle.
The real question, instead of “can I get a title loan without the car” is “can I get a title loan without bringing the car to the lender?”
The answer is yes; if you own the vehicle and have access to it. You will need to apply for, and be approved for, a completely online title loan.
Title Loans that Don’t Require the Car
There are several types of car title loans online that do not require the lender seeing the car in person. If you need to get a title loan without the title and the vehicle, then that will be a problem.
Ideally, you would be able to bring both to the direct lender, but there are exceptions. In this post we’ll cover getting a car title loan without the vehicle.
To get a title loan without the car, and without the lender seeing the car, you will need to get an online title loan that does not require a vehicle inspection.
These are often referred to as a completely online title loan, no inspection title loans, or an instant online title loan with direct deposit. As with any online title loan we recommend preparation as a first step.
You still need to own and have access to the vehicle, although you will not need to drive the vehicle to the lender. Car title loans that do not require the lender to see the vehicle include:
Online Title Loans without Vehicle Inspection
Some online title loans do not require a vehicle inspection and therefor don’t require the vehicle present. Instead of an in-person inspection, the lender requires pictures of the vehicle to perform a virtual appraisal and assess its value.
You will, however, need access to the vehicle to take these pictures. The lender will also check the vehicle history so if you haven’t checked your vehicle’s history recently now is a good time to do so. There are multiple free ways to check vehicle history.
Online Title Loans that don’t Require Seeing the Car
Some title loans with no store visit can and do require an inspection by a third party. These loans would require you to visit an inspector to have the vehicle appraised.