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Online Title Loans | Auto Title Loans

There are lots of options out there when attempting to finance your title loan. But before you even begin, remember the rate you purchase the car at will have a huge bearing on its overall cost. The best way to go about finding your perfect car is to start with a clear plan.

girl cheerig with joy in front of her car

What Are Online Title Loans?

Online title loans are loans that you can get that are short term and secured. This means that in order to get the money that you are borrowing, you will have to put up your car as collateral.

The good thing about this is that you will be able to loan larger amounts of money since there is a form of property that will back up your loan for you.

How much cash can I get in an auto tile loan?

The amount of cash you can obtain is based on the value of your car and how the lender judges the likelihood of you paying back the title loan.

We will try to get as much as we can but you need to think about how much you can repay. Our online form is the quickest way to apply for a title loan.

Are title loans worth it?

If you have adequate equity in your car that exceeds the amount borrowed then the lenders will mostly likely agree to give you a loan. If you have no other source of money title loans are a fantastic way to get money quickly.

Benefits of auto title loans

  1. Fast approval title loan online
  2. Bad credit no problems
  3. Simple approval application form
  4. Money in as soon as a day
  5. Telephone assistance
  6. Any car type accepted
  7. Your car is not impounded. You keep it to drive
  8. No bank account needed
  9. Flexible Monthly payments options

Title Loans versus installment loans

These types of loans are usually installment loans and have a set amount for you to repay each month. This amount will also include a small percentage from the lender as interest.

If you are not able to repay your loan back after a certain amount of time, then the lender will have to gain possession of your car in order to pay for the remaining amount that you owe.

 How to apply for a title loan

Applying for an online title loan is easy if you know what your doing. You have to have a solid plan before you submit your application so that you will know exactly how much you will borrow and how you will repay it on time.

Here are a few things you should do first:

Check Your Credit Report Before taking a title loan

Before going any further check your credit as your history will have a great influence on the whole process. You can get a free copy of your credit report at any time by going to AnnualCreditReport.com.

Here you’ll find your FICO score or you can even use a FICO score estimator to give you a guide. This can save much heartache later on – you may even be able to take steps to improve your rating.

Do you need a good credit score for an online title loan?

There are some lenders that don’t require having a good credit score in order for you to get a title loan like the lenders that we offer here at Greenday Online.

It is still important to know your credit rating so that you can be able to improve it. If you apply for a title loan and pay back your loan in full and on time, then you will be able to make your credit rating even better.

Choosing a title loan company

Before you even begin your loan application process, you should first look into the different loan offers out there that fit what you are looking for.

Check interest rates

You should be able to find one that has competitive interest rates from a company that is reliable and trustworthy. You should also be able to know exactly what you will be getting into when you go through with the loan so transparency about their terms and conditions are also important.

Another thing that you should take note of when comparing loans is the requirements that you will have to submit.

No credit checks and title loans

There are some lenders that perform a hard credit check on your credit history during the application process.

This may have a negative effect on your overall credit score and you should be able to see if you qualify for the loan before you go through with the application.

How do you repay a title loan?

This is largely common sense but you need to work out how much you can comfortably afford to pay each month.

The length of the online title loan is important and all also take into account all the other extra costs associated with motoring. You should really be able to break all of the costs down into a monthly average.

When comparing your loans, you should be able to find out what the APR or annual percentage rate of the loan you are considering will be.

What is the APR on online title loans

This is the amount of interest that you will be paying for the whole year of the loan. Knowing your APR is a great way of figuring out if the amount that you will have to pay back will be able to fit into your budget. It will also give you an idea if the interest rates offered to you is competitive and affordable enough for you.


Shop Around for Your Deal

The fun bit – give yourself a time limit as there will be a point where you have to go and make a final decision. But check out each option left open to you.

Are There Alternatives to Title loans?

If you enjoy driving the newest models and clock up less than 15,000 miles each year then leasing a car might be a better option. You agree to make monthly payments for a given schedule and at the end of this time you can either buy the car outright, keep it or change it for a new one. There are lots of lease companies out there so take a good look around.

No Need For A Title Loan?

If you can line up car financing before you actually go shopping for a vehicle then you have real power to your elbow. You can negotiate the very best possible deal and even challenge a dealer to come up with a better rate. If they want a sale they’ll go out of their way to accommodate you.

Bad credit title loans?

Girl Showing her car keys

A history of bad credit won’t necessarily stop you from getting a car or truck.

Car sales never seem to be grossly affected regardless of other financial problems going on in the world. It’s very possible to get a vehicle without too many problems.

Specialized title loan dealers

In fact there are many dealers specializing in those who have bad credit. Interest rates in all honesty will generally be higher but there’s a solution for everyone. Again shop around as much as possible as even bankruptcy won’t be a hurdle that can’t be overcome. Use a car loan calculator.

What documents do I need for a title loan?

Ensure you have the right documentation to hand as auto loan dealers will require a valid drivers’ license. They’ll also need proof of employment and details to prove your identity.

You should go into a dealership knowing what your absolute maximum price will be – never let the sales person get you to go over that mark. Don’t reveal what your maximum figure is!

Even if you put forward a high price, it’s the salesperson’s job to try to “bump” this up. It’s best to start low and work up to what you feel is a comfortable figure and not the salespersons “best price.” Remember, you’re the one in charge and they want your custom.

‘Follow all of these things well and you should eventually be driving home the vehicle that’s just right for you. You should also have the perfect auto loan – happy motoring!’


About Jason Rathman

Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.

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