A car title loan is one of the fastest ways to get quick cash loans. However, people keep asking if they have to show their car or drive the car to the loan shop to secure one. On most occasions, you don’t have to bring or drive your car to the loan shop to get approved for a title loan. All you need to do is provide important details about your car and send in some pictures and videos.
You will have to let your lender know the model of your car, the year, and the mileage. With this information and the pictures and videos sent across your car will be evaluated. It is based on the evaluation of your car by your lender that a loan amount will be approved for you.
If you are the type that usually has bills piling up unexpectedly, then you might want to consider getting car title loans as long as you own your car free and clear.
How to Secure a Title Loan Without Showing Your Car?
Title loans are specifically there for you in emergencies. Hence, the process needs to be super-fast, this is why only a few documents are required and as such you might not have the time to drive your car down to the loan shop.
To get your title loan without showing your car all you need is to provide pictures and videos of the car and basic information about the car as stated earlier. In support of the pictures and videos, you will need to provide the following documents;
- Vehicle Title: As at the time you are applying for a title loan, you must own your car free and clear with the title having your name on it.
- Proof of Residence: You will need to provide proof of residence to show that you registered the car in the same state where you reside. This can be a recent utility bill or your bank statement.
- Government Recognized ID: This can be any government-recognized ID like your driver’s license or passport.
- Proof of Income: This can be a pay slip to show that you can repay the loan. If you don’t have a regular paying job, you can also show other proofs from investment, social security, or pension benefits among others.
Whatever the emergency need may be, whether you need to pay for medical bills, fix your car, carry out home repairs, or other projects you can apply for a title loan right from the comfort of your home without driving your car to the loan shop.
Car Title Loans in Three Steps
- Apply: You can apply for a car title loan online by calling the loan shop or by visiting a physical lender in your locality.
- Submit Info: When you apply online, you will need to provide all the required documents by attaching and submitting them online. However, if you are applying physically in a loan shop around you, you need to have all the required documents handy.
- Get Your Money: If your documents are in order, you will get approval for the loan and you get the funds credited into your bank account or via check depending on your preferred means of funding.
Advantages of A Car Title Loan Without Showing Your Car
- The chances of getting approval for the loan are high.
- You can apply and get the money you need regardless of your credit status or credit score.
- You can still drive your car around while you are paying off the loan.
- The loan terms are convenient and flexible.
- For most lenders, there are no prepayment penalties.
- To get a loan via this loan type is super-fast.
Do not hesitate to apply for a car title loan in emergencies especially if you are not owing on the car. it is one of the surest means of getting quick cash loans.