What Happens During A Wisconsin Title Loan Appraisal? A Step-By-Step Guide

A Wisconsin title loan can help you out during sticky financial situations. However, the title loan appraisal process, especially the car inspection portion, can be daunting if this is your first time. However, there's no need to panic — we're here to demystify the process, so you can get the title loan you need with confidence. 

In this guide from Wisconsin Auto Title Loans, Inc., we'll discuss everything you need to get a title loan and how the inspection process works to ease your mind about these emergency loans.

What You Need To Get A Wisconsin Title Loan

Before jumping into the step-by-step title loan appraisal process, it's important to know whether you meet the requirements.

Unlike other loans provided by credit unions and banks, you don't have to contend with long lists of requirements or even have a good credit score. In fact, title loans are designed for borrowers with bad credit, allowing everyone to access funds when they need them most.

You just need three required items:

• State-issued identification — We accept all forms of primary identification that display your full legal name, portrait photograph, and date of birth, including your passport, driver's license, military service member's ID card, and student ID card. You must be 18 years or older to get a title loan in this state.
• Lien-free title — To get a title loan in Wisconsin, you need to own your vehicle outright. To prove this, we require a lien-free title. The name must match your state-issued identification.
• Vehicle — You can't get a title loan without a physical vehicle inspection. This will need to be the vehicle that corresponds to your lien-free title.

Do you meet our requirements and have the items to prove it? If so, then you can proceed with the Wisconsin title loan approval process, which we will outline step-by-step below.

Step-By-Step: Car Title Loan Inspection Process

With the requirements sorted, we can jump into the car title loan inspection process. We use your vehicle (car, truck, or van) to establish how much money you can borrow, so that is the most in-depth portion of the proceedings. However, we'll take you through each step in detail to ensure you're fully informed.

Here are the steps involved in getting approved for a title loan in Wisconsin:

1. Fill Out Our Online Form

Firstly, you will need to request a title loan from us at Wisconsin Auto Title Loans, Inc. All you need to do is complete the form found on this website. We only ask for basic information at this stage, so it should only take a few moments to complete. However, try not to rush it. Any mistakes at this stage can slow (or even halt) proceedings.

The following is what you will need to provide on the online form:

• Your name
• Zip code
• Email address
• Phone number
• Vehicle details (year, make, and model)

Additionally, ensure you select the right loan before completing the form, as we also offer signature installment loans. Once you submit your online form, we will receive and review it before giving you a call.

2. Speak To Us On The Phone

Wait for a call back from one of our friendly representatives. During the phone conversation, we will go over the requirements, ensure you understand the process (particularly the car inspection part), and answer your questions.

You can ask any questions about the requirements, how the title loan value is determined, the car inspection, and repayment. Make sure you collect any information you need to make an informed decision on whether this loan type is right for you.

We will finish up the phone call by deciding on a meeting location for the in-person meeting to verify your required items. This will happen at one of our Wisconsin store locations. We have 19 branches in places like Green Bay, Sheboygan, Milwaukee, Madison, and more, so make sure to choose the one closest to you.

3. Visit Us In Person For The Car Title Loan Inspection Process

When you arrive at your local Wisconsin Auto Title Loans, Inc. branch, we will start by verifying your paperwork — the title and your identification. As already stated, you must be at least 18 to get a title loan, so that's the first factor we check when analyzing your paperwork.

Beyond that, we'll ensure your names match across both documents and that your title is truly lien-free. Since we place a lien on your title to secure the loan, you can't have any outstanding liens or judgments already on it. After all, we can't place a lien on a title that already has one.

We also conduct a physical vehicle inspection to ensure an accurate valuation for your title loan appraisal. Since we don't rely on your credit rating, we use your vehicle's value to determine how much we can lend you.

During the car title loan inspection process, we will look at your vehicle’s:

• Age — Older cars are typically worth less than newer vehicles. Although this doesn't apply to classics.
• Make and model – Certain car models are worth more than others. For example, a Nissan Sentra is more common, thus worth less than a Porsche 718.
• Mileage — The higher the mileage, the less it's worth. We consider this in line with its age. The average mileage is 10,000 to 12,000 miles per year, which won't negatively impact its value.
• Condition — We'll look at the interior, exterior, and under the hood to determine its cosmetic and mechanical condition. Any issues will decrease the worth.
• Modifications — While you may want fancy spoilers for your vehicle, they aren’t worth as much to others. Customizations reduce your vehicle's value.
• Service history — Cars with complete service histories are often worth more than those without.

This whole process takes less than 30 minutes. Once we have assessed the value of your vehicle and determined how much you can borrow, we will proceed with the documentation to finalize the process.

4. Sign The Loan Agreement

Once we've completed the car title loan inspection process, we will determine your vehicle's value. We use the fair market price in Wisconsin for your make and model, taking into account all the factors mentioned above, to evaluate its worth. You will be approved for a title loan worth up to $15,000.

At this point, we will tell you how much we can offer you. If you are happy with the amount, we'll move on to the loan agreement. You can sign a few documents to complete the process. You will receive your title loan cash later the same day or by the next business day. You’re more likely to receive your funds the same day if you complete the process before 12 PM.

As you can tell, getting a title loan appraisal isn’t as complicated as you may have thought. The whole process takes just four easy steps, all of which you can complete on the same day you apply. If you’re looking for same-day cash for a financial emergency, Wisconsin Auto Title Loans, Inc. can help.

Start Your Title Loan Appraisal Now – Get Approved For Up To $15,000 Today!

Do you need fast emergency cash for unexpected costs? You can get quick access to emergency funds with a Wisconsin title loan. The entire car title loan inspection process takes just 30 minutes, allowing you to get same-day cash for emergency expenses. Begin today by filling out our online title loan form before visiting us in person to get your car inspected.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.