man with car keys for title loan

How To Get A Loan Quickly With A Car Title

If you’re struggling to manage your financial obligations, you may not have considered getting a loan with a car title. Your car is a valuable asset, and when you use it to secure a loan, you may get up to $15,000 towards your expenses through Delaware Title Loans, Inc. when you need it. Here’s how it works.

We require your ID, lien-free title, and car to get a title loan. First, you’ll need to connect with one of our loan representatives. To do that, fill out our quick online request form, and an agent will be with you shortly to walk you through the following steps of the approval process.

Car title loans can be a valuable resource you can rely on when you have few other options. We’ll walk you through this resource, how it works, and how we can help you get a loan with a car title.

How To Use Your Lien-Free Car Title To Get A Loan

In today's world of financial flexibility, one often overlooked resource for securing loans is your lien-free car title. This approach allows you to utilize your vehicle's title to access funds when needed, offering a straightforward and practical financial solution. In this guide, we will provide you with the essential insights on how to make the most of your lien-free car title to secure a loan.

How Can I Secure a Loan?

First, it’s worth reviewing the basics. Secured loans require putting up an asset as collateral. Car title loans use your lien-free vehicle title to secure the loan, hence the name.

Your title is the legal proof of ownership, and, just like when you purchase a car, a loan company places a lien against it to secure your interest in repaying the loan and to mitigate the risk they undertake by lending you money.

Once you get your lump sum, you’ll start making monthly payments towards the loan amount. Don’t worry; you can continue to use your vehicle even while you’re taking out a loan, and if approved, you can get your emergency money that same day or the following business day.

Getting one of our loans is simple. You’ll need to ensure you’ve got the following three essentials:

  • Your identification
  • Your lien-free vehicle title
  • Your car itself for a quick inspection

couple getting loan with car title

State-Issued ID

The first thing we’ll need is your state-issued ID. If you have a driver’s license, great! You’re all set to go. If you don’t, then you can refer to this quick list to see what other forms of ID we accept:

  • Non-driver’s license
  • Student ID
  • Military ID
  • Passport
  • Other forms of state-issued ID with photo identification

Lien-Free Title

A lien is a judgment against an asset deferring ownership to the lienholder until a debt is paid. For example, a dealership might use a lien to make sure you finish making payments on your new car.

Similarly, loan companies use liens to mitigate the risk they undertake by lending you money; after all, your car does most of the talking regarding your investment in repaying the loan.

Having a secured asset increases your chance of getting a loan with a car title and largely determines what you qualify for. With that in mind, a lien on your car title is a nonstarter with our company.

Simply put, a lien indicates that a third party already has a claim to the car, rendering the vehicle useless as an asset for a secured loan. Check your paper or electronic title for a listed lienholder and pay them your dues before you seek a title loan.

Your Car

Lastly, we’ll need to check your car to determine what you qualify for. We offer loans up to $15,000, but not every vehicle allows for a significant amount. Your car’s make, model, year, and overall condition and maintenance are essential; you’d be more inclined to protect your investment on a more valuable car than a hunk of junk.

If you’ve got an older car or one with more wear and tear, you can still use it for a title loan. Just be mindful that you may not qualify for as much.

woman in car with title loan cash

Our Step-By-Step Process

Experts are standing by to help you see how much you could qualify for on loan today! Since you’re right here on our webpage, you’re just a few clicks about from being able to get a loan with a car title:

  1. Complete the online inquiry form to get connected with a representative. They will review the loan process and set up a meeting to inspect your vehicle in person.
  2. Bring your required items to the meeting and wait for the quick inspection to conclude. You can meet at one of our store locations or, with our title loan option, at a convenient location of your choice.
  3. If everything checks out and you’re approved, then congratulations! You’ll receive your money that day or the next business day.

Get A Loan With Car Title Today!

Delaware Title Loans, Inc. is your one-stop shop for fair car title loans. We price your car on a nationally recognized scale, so you always know you’re getting a fair shake for your loan; moreover, our friendly and experienced loan associates are on standby to answer any questions you may have.

Call us today or reach out via the online request form to see if you can get a loan with a car title today!

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.