How Does An Online Car Title Loan Work In Wisconsin?
For many, an online car title loan in Wisconsin is an option to cover emergency expenses. If you own a vehicle with a lien-free title, then this may be an option that is open to you. But, how does the online car title lending work at Wisconsin Auto Title Loans, Inc.? Can you do everything from your home? How much can you borrow? These questions are answered with this helpful guide.
What To Know About How An Online Title Loan Works
What Do You Need To Get An Online Car Title Loan?
When it comes to an online car title loan in Wisconsin, at the minimum, you are going to need a driver's license or a state-issued photo ID, a vehicle for inspection, and a lien-free title to your vehicle. With Wisconsin Auto Title Loans, Inc., you do not need a checking account or even proof of income.
We must also be able to physically inspect your vehicle to determine how much you could get if you are approved. If you are not able to provide your vehicle for inspection, then you cannot borrow cash. Remember, it must be a lien-free title to your vehicle and in your name. This means that if your vehicle has any outstanding financing on it, you will not be able to use it.
Is The Process Completely Online?
When it comes to our process, it isn’t completely online. However, you don't have to leave your home if you don't want to. We will detail our process in a little bit of depth shortly. However, it essentially boils down to filling in a form online, a phone call, and meeting us in person for that vehicle inspection.
However, the good thing is the vehicle inspection can be carried out at a location of your choice. This means that you do not need to go out of your way to find our store locations. And, as we said, you can do everything from home. This is the closest that you are ever going to get to a truly online car title loan in Wisconsin.
How Much Can You Borrow?
Here at Wisconsin Auto Title Loans, Inc., we can loan up to $15,000 for an online car title loan in Wisconsin. That is the maximum amount allowed in Wisconsin. However, this does not necessarily mean that you are able to borrow $15,000 in cash. A car title loan is a secured loan. When you borrow cash, it is secured against your lien-free title and the amount you can get is determined by the value of your vehicle.
You can think of it as being very similar to the way in which a mortgage is secured against your house. This means that the amount that you can borrow will be based on the value of your vehicle. We will value your vehicle based on an industry-recognized price guide. This is why we need to meet you in person for that vehicle inspection.
How Does The Borrowing Process Work?
Here at Wisconsin Auto Title Loans, Inc., we have attempted to make the process for borrowing cash as quick and as easy as possible. This is because we know that many of those who are turning to an online car title loan in Wisconsin may need cash quickly. This is why our inquiry process can take as little as 30-minutes, with loans funded on the same day or the next.
We are able to consider inquiries from those in all credit situations, so don't think that you will get turned down just because your credit history is not in the greatest position. You can start the borrowing process however you wish. We have a short online form you can fill out on our website so we collect some basic information from you. Alternatively, you can call us directly.
If you opted to fill in that form, one of our team will give you a call within a few minutes. They will ask a few questions and explain the process to you. Feel free to ask us any questions that you want at this point. We will also ask you where you want the vehicle inspection carried out. You can come and meet us at our nearest Wisconsin loan store or we can come to you.
At the agreed time, your vehicle will undergo an inspection to determine how much it is worth. We will also inspect your documents to determine if you qualify for approval. If we can lend you cash, you will be told right away. You can then sign your loan agreement and either get cash on the same day you get approved or the next bank business day at the latest.
What Can You Use Your Online Car Title Loan For?
We do not ask you for specifics when it comes to what you plan on using your online car title loan for, although the expectation is that you will be using it to cover emergency expenses. This means any expense that cannot wait until your next paycheck or emergency expenses that may not even be covered fully by your next paycheck.
There are a variety of reasons why people may need an online car title loan. For example, there are those that borrow cash to cover emergency medical expenses, particularly the cost of a prescription. Others may use the cash to ensure that their pet's health is kept in check.
In some cases, you may be able to borrow cash to cover emergency childcare expenses, or perhaps emergency travel expenses if you need to visit a sick family member. Others may use the cash to fund repairs to their homes or vehicles. Some may even use the cash to cover moving expenses, rental deposits, and more.
Sound Interesting? Get An Online Title Loan Today
The online car title loan in Wisconsin process is quick and easy with us. A quick form, phone call, and a vehicle inspection are all it takes. If you get through the process you could have the cash that you need to cover your emergency expenses today. Get started by giving us a call or filling in the form on our site.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.