man researching online car title loan

The Advantages Of Getting An Online Car Title Loan

Getting an online car title loan can help you fund emergencies like medical bills or veterinary fees in a speedier timeframe than traditional loans. The amount you borrow is based on the value of your vehicle and how much you need to cover your costs. Thus, good credit scores aren't absolutely required.

Alongside that, there are plenty of advantages of getting a title loan online, and we will explore them all right here. 

The Six Benefits Of Getting An Online Car Title Loan

1. You Don't Need To Leave Your Home

With a regular title loan, you must come to the branch for a face-to-face meeting. But that changes with the online version.

While you will still need to meet face-to-face with one of our representatives, you don't need to leave your home (or workplace). Instead, we will make the trip to your location conveniently; you need to tell us when, and we'll be there.

2. Only Three Things Are Required

When getting an online car title loan from us at Delaware Title Loans, Inc., you only need these three things:

  • Identification — You can use any ID showing your portrait, date of birth, and name. Whether it's your passport, driver's license, or military dependent's card, you can use it to get an online car title loan.
  • Lien-free title — You must have a lien-free title. While other types exist, we can only offer a loan with a lien-free type since we put a lien on the title to secure the loan.
  • Vehicle — We accept cars, vans, and trucks. Your vehicle determines the amount of money you can qualify for. We look at several factors when determining your vehicle's value, such as:
    • Mileage and age — We consider the car's age and mileage together to figure out whether your vehicle qualifies as high, average, or low mileage. In general, 12,000 miles a year is considered average. Thus, a two-year-old car with 24,000 miles on the clock is worth more than the same car with 40,000 miles.
    • Make and model — Some makes and models come with higher price tags thanks to premium features. Therefore, they're worth more than others.
    • Service history — Cars with complete service histories are valued more than those without.
    • Condition — We consider the mechanical and cosmetic condition of your car. Everything from bumps to scrapes to stained interiors to transmission problems will affect its worth.

man with car for online car title loan

3. You Don't Necessarily Need A Good Credit Score

As we mentioned earlier, there's no need to have an excellent credit score when obtaining a title loan online. Since we utilize the value of your vehicle to dictate how much you can borrow, you need to own a car outright. That doesn't mean we won't ever need to check your credit, it just means you can still qualify with poor credit.

4. It's An Expedited Process

Online title loans tend to go by faster than those gained in-store. You don't have to make the extra trip to your local branch, saving time better spent elsewhere. On top of that, you'll get your money in 24hrs or less, allowing you to fund your emergency quicker than with traditional loans. Here's how the process works:

  1. You complete the online request form.
  2. We will call you once we receive the request to discuss the requirements (mentioned earlier) and set up a meeting.
  3. We'll arrive at your home or workplace on time to assess the value of your car and verify your documents.
  4. If you're happy with everything, we'll show you where to sign the forms to confirm your agreement with the loan terms.
  5. Finally, you will receive the money you qualify for that same day or the following business day. It doesn't get easier than that!

5. You Can Continue Driving Your Vehicle

Contrary to popular belief, you do not have to keep your car with us while you repay the loan. If you stick to the repayment period, you never have to relinquish your vehicle throughout the process.

We will assess your car's value during the face-to-face meeting. You don't have to worry about leaving your vehicle with us while we do that; it'll only take us five minutes anyway.

6. Manageable Repayment Schedules

Once you receive your loan agreement, you will know immediately how much you need to repay and its due date. There's no ambiguity or hidden fees — everything is laid out plainly in the contract.

woman looking for online car title loan

Get An Online Car Title Loan From Delaware Title Loans, Inc. Today!

As you now know, obtaining an online car title loan from us is straightforward and fast — you don't even need to leave the comfort of your home. So, if you have an emergency that requires near-immediate funding, complete our simple request form, and we'll get in touch to guide you through the process as soon as possible.


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.