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Title Loans That Don´t Require The Car

Title Loans That Don´t Require The Car Present

We list here direct lenders that don´t require the car to be present in their premises for a vehicle appraisal and inspection as a prerequisite to its value assessment and undertake its equity as a collateral asset of a loan afterwards, being sufficient with the upload of pictures, VIN label, and having the car title free of lien.

You still need to own and have access to the vehicle, although you will not need to drive the vehicle to the lender.

A car title loan allows you to borrow money, fast, using the existing equity in your car as collateral. As a result, one of the key title loan requirements is the vehicle.

Having said that, getting a car title loan without the vehicle is possible. In fact, many online car title loans can be completed without a physical vehicle inspection.

Clear and accurate pictures are important with online title loans where the lender does not have a chance to see the vehicle in person.

Loan Specifications Car Title Loans That Don´t Require The Car
Loan amountsTypically $100 to $35,500
Loan terms 30 days with options to renew
Interest ratesAverage 300% APR
FeesTypically no fees.
Collateral required?Yes, the car
Credit check required?No, suitable for bad credit borrowers
Time to fundImmediate or maximum next business day
Where to getTitle loan lenders

These types of online title loans are completed without the need to show the vehicle. In these cases the title loan is done without the lender actually seeing the car in person. Instead, vehicle pictures are used to verify its condition.

title loans don’t require the car in person in order to receive approval. A few shots of your car outside during the day is all you need. You can also take photos straight from your smartphone and text them in.

Don’t worry about having to waste your time driving your car to an in-person vehicle inspection. 

Quick Processing And Lower Interest Rates: The Specific Advantages Of Title Loans That Don´t Require The Car To Be Present

Quick Processing

The quick processing is without doubt the main advantage of title loans that don´t require the car to be present for an inspection and appraisal.

It reduces the application and loan processing time since you eliminate the time it takes to seek out a vehicle inspector and wait for the inspection report. It also takes you a short time to gather and submit the information your title loan lender may require. Besides, your lender processes your car title loans without seeing the car.

Once you submit your application and the necessary information, your title loan lender may approve your loan the same day. You can take a title loan without inspection when you need cash urgently, and be sure you will get it hassle-free and promptly.

Lower Interest Rates Than Payday Loans

Title loans that don´t require the car to be present enjoy lower rates because you are avoiding to take the car to the lender premises for an appraisal and inspection.

Furthermore, as you are utilizing the title as a lien, there will be a lower interest than in a payday loan, where you do not offer any collateral to the direct lender.

You Can Keep Driving Through Your Loan Life

Your title loan lender may not take your car keys from you. You may drive your car until you complete repaying your loan. Your lender will take your pink slip from you and allow you to keep using your vehicle. After all, you may need to move around to make money for your loan repayment.

Transparent Lending

If you are borrowing your title loan that does not require a car from a reliable lender like TFC Title Loans, they will provide you with all the information you need. This helps make an informed decision before applying for your loan.

Your lender may assign a dedicated representative to guide you through the application process, help you understand the interest rates and your monthly repayment installments. 

You Remain in Control

Your title loan lender will not ask what you want the money for. Once the loan is approved, you are in charge of how you send the money. You also remain in control of your vehicle. 

However, remain committed to the repayment plan to complete repaying your loan within the scheduled period.

Determination Of The Loan Amount For The Auto Title Loans That Don´t Require The Car

The title loan lender is not be influenced by an inspection report in deciding how much money to lend you. They only look at your vehicle to determine if you qualify for the cash you have applied for. The amount of loan you qualify for depends on the equity you have in your vehicle. 

Photos To Include For Title Loans That Don´t Require The Car

After you submit the application form, you will have to send the photos of the vehicle.

  • Front
  • Rear
  • Drivers side
  • Passenger side
  • Under the hood
  • VIN
  • License Plate
  • Tires and Wheels
  • Odometer
  • Front seats
  • Dash
  • Rear seats
  • Trunk or Cargo Area
  • Carpet

To get a title loan without showing your car, all you have to do is take a few photos of your car from your phone, and text them in. That’s it. Just make sure your photos are clear, include multiple angles of the vehicle, and also includes the Vehicle Identification Number (aka. The VIN).

Please let me put this clear.

Some title loans require an inspection by a third party. These loans would require you to visit an inspector to have the vehicle appraised.

Our direct lenders do not require to inspect or appraise the vehicle. Only to see relevant pictures of it, taken preferably in clear daylight.

Once you apply online, you will usually be asked to provide additional information about the vehicle. The reason: because you are getting the online title loan without the vehicle, the lender needs to have enough information to appraise the vehicle virtually and provide an accurate value. This will inform the maximum loan amount.

The pictures and additional information allow the lender to complete what we call a “virtual” appraisal. The pictures combined with vehicle history give the lender a virtual view of the vehicle without seeing it in person.

Vehicle title loan amounts are based on the vehicle value. This is usually done by performing an appraisal. Without the vehicle, the lender is making a title loan without seeing the car.

This makes assessing the value of the vehicle a bit more difficult and requires pictures of the vehicle. This includes the exterior, interior, odometer, and VIN.

Taking The Pictures For Title Loans Without The Car Present

Clean the Vehicle To Make It Look Better: Exterior And Interior

A dirty vehicle does not photograph well. This includes both the interior and exterior. If you were going to sell your car online, what would you do prior to taking pictures to post online?

Washing the car and cleaning out the inside is suggested to allow the pictures to accurately reflect to current condition of the vehicle.

Start with the exterior an wash and dry the car completely. Make sure to clean the wheels and tires. You can take it to a car wash if you are unable to do so.

It may even be worth going an extra step and waxing the vehicle if you haven’t done so recently. A regular waxing regiment will help the paint and clearcoat stay in good condition

Start by removing any trash or unnecessary item from the vehicle’s interior. Then vacuum the carpet and seats. For leather seats, use a leather cleaner and conditioner.

Then wipe down the dash and door panels with cleaner and conditioner. This helps not only improve the appearance of the vehicle but also protects against wear, especially from the sun.

Pictures Required

Exterior

Ensure to include:

  1. Front
  2. Rear
  3. Drivers side
  4. Passenger side
  5. Under the hood
  6. VIN
  7. License Plate
  8. Tires and Wheels

Interior

Then move on to the interior. Remember the goal is to communicate the condition in as much detail as possible to someone who will not see the vehicle in person. Take a picture of:

  1. Front seats
  2. Dash
  3. Rear seats
  4. Trunk or Cargo Area
  5. Carpet
  6. Odometer

The mileage of the vehicle has a major affect on the value of the vehicle. To show the mileage a clear picture of the odometer is required. Make sure you can clearly read the miles in the picture taken.

Elegibility Requirements Criteria For Title Loans That Don´t Require The Car

  • Be at least 18 years old.
  • Have the title of the car in your name and without existing liens. Take pictures of different angles of the car and the VIN too.
  • US citizen, green-card holder, or permanent resident. If you are required to proof your residence, a house deed, rental agreement, utility bills, credit card statements, etc.
  • Social Security Number. Many direct lenders are accepting now just an ITIN and ability to repay the loan.
  • Provide your name and surname, a phone number (land or mobile), an email address and your residence address. Have a valid identification, being enough with a driver license.
  • Regular source of income, that can be paychecks, alimony, partner income, unemployment benefits, social security income, pensions, child support, annuities, bank statements where you filtered your incoming payments, workers compensation, trust fund received periodically, installments of structured settlements and veterans assistance. Any evidence as a sole proprietor of current employment, that can demonstrate that you have a sort of regular source of income and that you can pay at least the interest of the loan at the due date.
  • Checking account or savings account. The direct lender will deposit the loan here in this account.
  • No fax is needed when working with us, because we work with direct lenders and not with brokers. Brokers need to forward information to the original lender through the fax.

Source Of Income For Freelance Workers And Sole Proprietors

Your bank statements should be sufficient. Filter your bank statements and retrieve only the incoming payment line items that depict earnings pay history.

You work for yourself. You do not need a W-2 for or a check stub to prove income.

Another options to go to the IRS site and request an EIN. Set up a small business name as a sole proprietor and the IRS will forward you an employee identification number in the mail. This is the EIN.

It is free and you can take this EIN certificate to a bank and open a business account and use that bank. Now all of your income goes to your business bank account which will make proving your earnings easier.

Any evidence as a sole proprietor of current employment, that can demonstrate that you have a sort of regular source of income and that you can pay at least the interest of the loan at the due date.

Pros And Cons Of Car Title Loans That Don´t Require The Car

Pros

  • High Approval Rate: We service people with all kinds of credit scores. Don’t shy away from inquiring about a loan just because your credit score isn’t what you want it to be. Title loan lenders usually care more about the equity of your vehicle and your ability to repay your loan that just about your credit.
  • You Don´t Require The Car Present: With the pictures taken and sent to us, we do not need a specific appraisal of the vehicle. Do everything online.
  • Convenient Terms: Title loan serviced by LoanMart can come with convenient terms so your payments can be spread out in manageable monthly installments.
  • Stay on the Road: When you get one of our serviced auto title loan, your lender only signs onto your vehicle title as a lienholder. This means your car stays in your possession for you to drive every day like normal as you make your manageable monthly payments.
  • No Balloon Payments: Title loans serviced by us will never set you up for failure by making you pay a massive balloon payment at the end of your loan period. Instead, we encourage you to pay throughout the duration of your loan period so you can pay off your loan and still have some money in your wallet.
  • No Penalties for Early Payments: Make your monthly payments before they are due or pay off the loan prior to its maturity date without fear of being charged extra for it.

Cons

These loans have higher interest than other loans. You should only take debt when you have a favorable debt-to-income ratio and avoid entering into a cycle of debt.

Case When The Title Of The Vehicle Has Liens

Title loans that don´t require the car would not be available if the title already has liens. However, you can be eligible for a payday loan with us where you would need to provide evidence of a steady source of income of any type.

Those wishing to receive a car title-secured loan or pawn must provide a title that is free of liens. A lien-free vehicle means that the car (or other vehicle) must be owned outright by the person wishing to obtain the loan/pawn, with no debts surrounding the vehicle.

If there are multiple names listed on the title as owners, further information may be required to determine if all parties must be listed as applicants on the application. In some instances, we may be able to provide assistance to those who currently have another outstanding title-secured loan/pawn on their vehicle.

Reasons Why You Could Need Title Loans That Don´t Require The Car Present For An Inspection And Appraisal


You Need Money Fast

If you have an emergency, you may consider getting a loan against your car equity. Title loans that don’t require a car are easy to apply for and are approved quickly.

You Have a Bad Credit Score

Your credit score may limit you from accessing credit from your bank. However, you may get a car title loan without inspection that does not check your credit score. 

Reliable lenders assess your credit score to ensure you are not bankrupt or inactive credit counseling. They may lend you even with a low score.

You Have no Job 

Some lenders may be hesitant to lend to you unless you have a job and documents show who your employers. They may want to use this as part of security before lending you. Here do not need to show proof of income.

If you want a Loan without Prepayment Penalties

You probably have an emergency but are expecting some money soon. You can take a car title loan without vehicle inspection and prepay it when you receive your cash. Lenders like us do not penalize you for prepaying your title loan.

 Do you want quick, hassle-free cash against the equity of your car? Reach out as there are direct lenders that issue auto title loans that don´t require the car for an inspection and just will use the pictures you send as appraisal.

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