Wisconsin Title Loan Requirements: What You Must Bring To Get Approved

Wisconsin title loans are a fast emergency financing option that lets you borrow up to $15,000 the same day you apply. One of the reasons approval is so fast is because of the simple Wisconsin title loan requirements; you’ll only need three times to get approved for a title loan today.

In this guide from Wisconsin Auto Title Loans, Inc., we will explain what Wisconsin title loan documents you will need to get approved. We will also review the car title loan application process to give you an overview of how to get approved for emergency cash in less than 30 minutes.

Wisconsin Title Loan Requirements: What You Need To Get Fast Approval

A title loan is a secured loan that requires you to provide collateral to borrow emergency cash. You will need to have fully paid off your vehicle and use its clear title as collateral to borrow up to $15,000. The reason you must fully pay off any liens, debts, or judgments is that we must place a lien on your title to process the loan, which we can only do if it’s lien-free.

How much you can borrow with a title loan will depend on your car’s value. We will need you to prove your identity, age, vehicle value, and full vehicle ownership to qualify for a car title loan in Wisconsin.

You can do so with the following three Wisconsin title loan required items:

1. A State-Issued Photo ID

Borrowing money in Wisconsin requires you to prove you are at least 18 years old. Only legal adults can borrow money in Wisconsin because minors cannot sign legally binding contracts. A minor cannot sign a loan agreement, so they cannot be held legally responsible should they fail to satisfy the contract’s terms. Thus, you need to have solid proof that you are over 18 to process the loan legally.

You will also need to prove your identity. You can do both of these things with our first Wisconsin title loan documents: a state-issued photo ID. Any ID that displays a portrait photograph, your full name, and date of birth is accepted.

Here are some of the state-issued photo IDs we will accept:

• Driver’s license
• Passport
• Wisconsin state ID card
• Military servicemembers card
• School ID card
• Permanent resident card

Along with proving your age and identity, you will also need to prove that you own your vehicle outright with a clear title in your name.

2. A Lien-Free Vehicle Title

As mentioned above, you need to fully pay off your vehicle to get a title loan in Wisconsin. We cannot place a lien on your vehicle title to go through with the loan if you are still paying off your car. If you have outstanding loans, tickets, legal rulings, etc., you cannot get approved for a title loan.

However, if you have fully cleared all debt and own your vehicle outright, you can use your lien-free vehicle title as collateral for a title loan. After placing a lien on your title, we will keep it until you repay your loan. You get to keep your vehicle and will get your title back as soon as you fully pay back the value of your title loan.

Just keep in mind that your lien-free vehicle title must be in your name and match the name on your ID. If your title is in someone else’s name, you must first get a title transfer at your local DMV by filling out some forms and paying a small fee. While you get to keep your car during loan repayment, we will need to take a look at it in person to assess its value and determine what you can borrow.

3. Your Vehicle For An Inspection

The final thing you will need to get approved for a title loan is your vehicle. You will not need to leave it with us; we just want to inspect it to determine its value based on a nationally recognized pricing guide. Your car’s value influences how much you can borrow with a title loan. The more your car is worth, the more you can borrow.

Before bringing your vehicle to one of our stores, you need to make sure you have a car, truck, or van. Motorcycles, trailers, boats, RVs, and other similar vehicles are not accepted. The vehicle also must be the one attached to your vehicle title.

The following are the vehicle factors that can affect your title loan value:

• Age – The age of your vehicle can affect how much your title loan is worth. Ordinarily, an older car will be worth less than a newer car. That is, unless you have a vintage vehicle, such as a limited-edition racing car, a 1960s/70s muscle car, or a pre-war luxury car. These classic, rare vehicles are worth more than newer models in some cases.
• Make and model – We will also assess the make and model of your vehicle, as some makes and models are rarer than others. For example, a Nissan Sentra will be worth less than a Ferrari Roma Spider.
• Odometer reading – The odometer reading will tell us how many miles your vehicle has on it. The more you’ve driven it, the more wear and tear it will likely have. Vehicle value decreases by about 10,000 miles, especially within the first 60,000 miles.
• Condition – We will look at your car's exterior and interior condition. Dents and scratches to the exterior and interior upholstery can determine what your car is worth. You should get your car washed and clean out the interior before coming in.
• Modifications – While you may want custom wheels, a paint job, and spoilers, not everyone else will agree. These modifications can drive down your car’s value, so remove them before getting your car inspected.
• Maintenance history – Your vehicle must run properly for it to be worth anything. Part of that is having it regularly looked at by maintenance professionals. They will make sure all your parts work properly and address any issues they find. A positive maintenance record can increase your vehicle's value.

Do you meet the Wisconsin title loan requirements? If so, you can proceed with the title loan approval process to get same-day approval for emergency cash.

Car Title Loan Application Process In Wisconsin

As long as you meet our requirements and have the Wisconsin title loan documents, you have a good chance of getting approved. Prepare the required items beforehand to make the process even simpler. Below, we’ll outline what steps you need to complete to get approved the same day you apply.

Here is the car title loan application process in Wisconsin:

• Fill out the online loan inquiry form with your basic details (name, zip code, contact information, and vehicle details)
• Speak to us over the phone to discuss title loan information
• Bring your required items to the nearest Wisconsin store location
• Get your Wisconsin title loan documents verified and your vehicle inspected for its value
• Sign the loan agreement to finish the process
• Receive your emergency financing later that day or by the next business day

Get A Car Title Loan In Wisconsin – Borrow Up To $15,000 Today!

Wisconsin Auto Title Loans, Inc. can help you get fast emergency cash because of our simple requirements. You don’t need to prove you have good credit, and you can get title loans with no proof of income. Get same-day title loans today with our fast, efficient process. Just fill out our online title loan form and bring your required items to our closest branch to get approved in 30 minutes!

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