Yes, title loans that don’t require the car Is possible!
Most title loan lenders, including us, do not require you to undergo physical car inspections or shop visits
Just take a photo or video of your car and email it to us. You are not required to drive or wait. We will then verify the car’s value and make a loan decision.
Why Do Title Loan Companies Need to Inspect Your Vehicle?
Title loan companies care about the car’s value and condition because it’s the loan’s collateral. They can use the car to get their money back if you stop making payments. So they want to only approve a loan that has adequate collateral.
Get Pre-Approved for Your Car Title Loan Today!
Your vehicle is used as collateral for a loan up to $50,000 or 50% of your car value.
Therefore, we must verify its condition and value through our online inspection process to determine how much cash you can get.
You can get pre-approval even if your credit score is poor. Go ahead apply online and find how much cash you can get!
How to Get a Title Loan Without Bringing in Your Vehicle
Apply today
Complete the title loan application online or by calling our representative at 1-800-700-8900
Complete verification
Take a few photos of your vehicle (front, back, sides, etc.):
A. Ensure photos are of good quality
B. Include photos of the vehicle’s VIN # and odometer reading
C. Text, email, fax, or upload your pictures to your lender
Submit documentation
Provide the required documentation for your lender:
A. Vehicle title
B. Proof of income
C. See below for more details.
Receive approval
If approved, receive your cash and keep driving your car
Complete Every Detail Online
Of course, you still need to prove that your title is lien-free and in your possession. But, it gives you options to get a car title-secured loan without showing the car. With our simple and straightforward process, everything can be completed online within a few hours.
Valuation of the Vehicle
It sounds simple, and it is, but you must provide pictures of the car that the title loan lender can see to determine the vehicle’s value. These include the front, back, all four sides, VIN #, and a current odometer reading. All of this can be completed online without the chore of a formal, in-person inspection.
If you are uncomfortable bringing your car in for an in-person inspection, an online title loan may be the right option for you. Check out how it works here!
Lender Protection From Risk – Securing a Loan with Your Vehicle:
Title loans are also known for high APRs and interest rates. Using your car as a collateral helps protect lenders from the risk of borrowers falling behind or even defaulting on their loans.
These high fees help offset their risk. For this reason, it is important to only resort to a car title loan as a short-term solution for an immediate financial emergency.
Documents Needed to Apply for a Title Loan Without the Car
Pictures of the vehicle are only one piece of the puzzle. They must also verify your identity and ability to repay the loan.
The additional documentation required includes the following:
Government-issued photo ID as proof of residence
This is required for all US loans. Accepted proof of identification includes a passport, driver’s license, state-issued ID, military ID, and more.
Your Vehicle’s title
The title must be lien-free and have your name on it to be used as collateral for the loan.
Proof of income
Proof of income shows the lender whether you can reliably and consistently make your title loan payments. Proof of income comes in numerous forms. These include pay stubs, bank statements, Social Security benefits, worker’s comp, court-ordered settlements, alimony, etc.
References (in some cases)
This is not required by all lenders. Lenders can use references from third parties who vouch for your character and financial history to evaluate your risk as a borrower.
Are Vehicle Inspections an Online Title Loan Requirement?
Not always. Some lenders require a formal inspection, but many do not.
It’s possible to get online title loans without a vehicle inspection from lenders like us with quality photos that meet the requirements discussed above.
Using Pictures for Online Title Loans Without the Car
Pictures are worth 1,000 words, or in this case, thousands of dollars. So it’s to your benefit to provide accurate pictures that depict the car’s value and condition. If the pictures need to be clarified or the title lender can’t get a good feel for the car’s condition, they may require you to retake your photos, setting you back in the application process.
What’s Important in a Title Loan Vehicle Inspection?
A title loan vehicle inspection, whether done in person or using photos sent into the lender, must accurately show the current condition of the borrower’s vehicle.
This includes photos from all sides of the vehicle and at different angles to show any marks, imperfections, or body defects. This, plus the car’s VIN # and mileage, will help the lender decide if the vehicle’s condition and value qualify for the title loan, as well as how much it may qualify for.
Without this information, the lender may not be able to accurately judge the risk of approving the loan application.
Why Do Lenders Offer No Inspection Car Title Loans
Title loan lenders understand the urgency of title loans. If you need money fast, the last thing you have time for is to get a full vehicle inspection.
With today’s technology, it’s possible to take great photos of the car, including the interior and exterior, for title lenders to determine the car’s condition and value. Of course, most online lenders will only lend money if they are comfortable with what they see, but if your car is in good condition and the pictures show it, you may be eligible.
What Are the Benefits?
There are many benefits of securing online title loans such as significant time savings without leaving the comfort of your home. Additional benefits include the following:
Get money fast
Some borrowers receive their funds in as little as a day. While this isn’t a guarantee, it’s a possibility in certain situations. This can help with things like making ends meet, hospital bills, home repairs, and emergencies.
Keep your car
You don’t have to sell or turn over your car with no inspection title loans. Instead, you borrow some of the vehicle’s equity and get to keep driving your vehicle.
Perfect credit not required
Title loan lenders use various factors for approval, not just your credit score.
No prepayment penalties
You won’t pay any prepayment penalties if you make extra monthly payments or pay the loan off early.
Title Loans Without Seeing Car FAQs
How Much Will You Be Able to Borrow With a Title Loan?
The amount you can borrow with a title loan depends on several factors, the biggest of which is your ability to make your loan payments consistently. Borrowers can often borrow up to $50,000 according to each state law.
How Does a No Inspection Title Loan Work After Approval?
The process is the same as if you were to have an in-person inspection. After you’re approved, you sign the agreement and receive your cash. If you do the process early in the day, you may have your money before the day ends.
Are Car Title Loans Completely Online?
Some lenders, like us, offer entirely online car title loans, although not all title loan lenders provide this option. Some require you to undergo an in-person vehicle inspection or to bring in your paperwork to prove you can handle the loan.
The Bottom Line
When you’re in a financial bind, you want a way to borrow money fast. Completely online car title loans may be the answer for you.
If you have a lien-free title in your name, you may be eligible for title loans without seeing the car. You can even continue driving it for the duration of the loan!
The key is to provide photos that accurately and clearly portray your vehicle and include all required documentation, from proof of income to the vehicle’s title with your name on it.
Using Your Car As Collateral Is Your Best Option?
There are other ways to get funding that are less expensive than car title loans. A short-term loan is designed to fix an immediate cash need, but it should not be viewed as a long-term solution. To avoid any additional finance charges, we encourage consumers to pay frequently and early.
At Montana Capital Car Title Loans, you can get title loans even if you have bad credit. While we may check your credit, multiple factors are considered for approval. If a car title loan is the right choice for you, apply online or by phone here and receive an approval decision and your cash in as little as 24 hours!
Written by
Samantha Hawrylack
Samantha Hawrylack writes for our company and is an expert in personal finance. Sam received her Bachelors of Science in Finance and her Masters in Business Administration from West Chester University of Pennsylvania. She began her career in the financial services industry and shifted to an entrepreneurial role where she could directly impact clients. Sam has an impressive background in personal finance and business management.