Can I Get A Title Loan With Only A Bill Of Sale?
Are you wondering if you can get a title loan with only a bill of sale? Unfortunately, you will not be able to get a title loan with only a bill of sale.
You must have the title to be able to get a car title loan, as this will prove that you have the legal rights to the vehicle. It will protect you from fraud.
Here at TFC Title Loans, we have the largest referral network of car title loan companies, and they comply with the CFPB, so you know you will be working with a trustworthy company.
Bill of Sale
When you have a bill of sale, it shows you that you have bought the car, you will need to take the bill of sale to the DMV, along with the title, so that you can transfer the ownership of your car into your name.
It is important to have a bill of sale between the buyer and the seller, this is the documentation that is required to prove that the car was sold, and how much it was bought for.
You will need to use the bill of sale to transfer the title into your name. It is best to transfer the car to your name as soon as possible.
When you transfer the car into your name it will prove that you are the rightful owner of it. It will also release all liability from the seller.
Car Title Loan Requirement
If you are looking to get a car title loan, you must have a car that has enough equity in it, but you must have the title of the car, to complete the transaction, as the title loan company will need to add their names to the title so that they have a secured interest in your car.
You cannot get a title loan with a bill of sale, so you will need to go to the DMV, and do the transfer, when you are ordering your new title, you can add the name of the title loan company, so and have all of the title loan contracts ready, so when the company gets the title, you can get your money.
Car Title Loans
Once you have used your bill of sale to get your title, you can now start your title loan application, we make it easy for you to apply, and get approved.
Remember with a car title loan, it does not matter if you have bad credit, as we will use the equity that you have in your car, to help you to get the money that you need.
With TFC Title Loans you will only need a few items to qualify :
- Your title
- Proof of income
- Drivers license
- Proof of residence
- Photos of your car
- 5 Personal references