Can I Get A Loan Against My Car Title Online?
More and more people are searching for “loan against car title online” via search engines every season. If you’re curious about the process or want to learn more about what it includes, you’re in the right place.
Wisconsin Auto Title Loans, Inc. is a leader in the emergency loan world, so we’re here to break down the following:
- Who can take out a loan against their car
- What you need to do it
- What happens during and after the process
- And more…
Let’s get started.
How To Receive A Loan Against Car Title Online
What Happens When You Take Out A Loan Against Your Car?
Taking out a loan against your car is the same as putting your car up as collateral for a loan. This is also called a title loan, and it is a type of secured loan.
All this means is that you’re pledging your car as a promise that you’ll repay a loan. If you fail to repay the loan according to the terms you agreed on, the vehicle could become the legal possession of the loan lender. If you pay the loan according to the terms, the car will remain yours and be removed as collateral once the debt is paid in full.
Many borrowers worry that lenders will use a secured loan to keep their car while it is being repaid, but fear not. At Wisconsin Auto Title Loans, Inc., you get to keep your vehicle as usual so long as you repay the loan normally. This means you can take out the loan, use it, and repay it, all while living your life and using your car.
Who Can Take Out A Title Loan?
Our title loans are for people 18 or older living in Wisconsin, who have a driver's license or state-issued I.D., and who own their car outright. Furthermore, you can only get a loan against your car title if the car is legally yours, so you mustn’t owe any payments on the vehicle. You can prove this through a lien-free title, which you should have handy so long as the car is paid off.
What Do You Need To Get A Title Loan?
To get your title loan from Wisconsin Auto Title Loans, Inc., you’ll only need these three simple things:
1. A Car In Decent Condition
Most cars will qualify for a loan against car title online, but the loan amount will vary greatly depending on your needs and your vehicle's condition.
A clunker with high mileage and a beat-up exterior may only qualify for a title loan of a few hundred dollars, whereas a well-maintained used car with mid-to-high mileage could be eligible for thousands. Our title loans can reach up to $15,000, depending on these factors.
While the application can be completed from home, one of our representatives will have to inspect your vehicle to determine your loan amount. Be sure you have your car ready for this meeting once you apply.
2. Your Lien-Free Title
Perhaps the most important requirement for a loan against car title online is the lien-free title. To prove the car is yours outright, you’ll show your lien-free title to the representative.
If you need a copy of the title, reach out to your nearest Department of Motor Vehicles (DMV) office. If you’ve recently paid off your car, the lender is legally required to release the lien within a few weeks after your final payment. After this, you’ll be mailed your certificate of title.
3. An Updated Wisconsin I.D.
Be sure your driver's license or state I.D. is up to date, so the application process runs as smoothly as possible. The I.D. should also match the name on the title.
Where Can You Get A Loan Against Your Car Title?
You can find a loan against car title online through our homepage, at one of our local offices, by calling us directly, or by using the chat feature on the bottom right-hand side of this page. We’ll cover the application process in more detail below.
How To Take Out A Title Loan
To take out a loan against car title online, you’ll first get in touch with us. Perhaps the easiest way is by filling out the general inquiry form on our homepage because that will give us some basic information to pave the way for your application.
A trusted rep will then reach out to you, confirm your documents, and set up a time to meet to inspect your car. This meeting can take as little as half an hour and can be done at one of our nearest Wisconsin auto title loans locations, your home, or another location of your choice. We have offices in Green Bay, Sheboygan, Hudson, Oshkosh, Milwaukee, Janesville, Superior, Appleton, Madison, and many more areas.
At your meeting, you’ll supply your documents and car for a quick inspection. If everything is approved, you’ll find out the loan amount and receive your cash on that same day or the following business day.
Get Started Now!
Now that you know you can get a loan against car title online, it’s time to take steps to get it done. You could get hundreds of dollars or $10,000+ in your account within 24 hours!
Don’t worry about confusing application procedures, strict credit requirements, or even proving your income – Wisconsin Auto Title Loans, Inc. makes qualifying for a title loan as easy as possible. If you’re in the WI area, reach out to us today by phone, form, or chat. We’re looking forward to connecting with you soon.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.