Getting Title Loans With No Inspection
Here at TFC Title Loans, we are here to help you to get the most money with your vehicle equity, we have the largest referral network, and all of our referral partners are in compliance with the CFPB.
Lots of our clients ask us if can I get a title loan without an inspection. Sometimes getting a vehicle inspection will just be too inconvenient. it will take unnecessary time out of your day.
We are able to help you to get a car title loan without an inspection.
Title Loans Without Vehicle Inspections
With our network of title loan companies we will be able to get you the car title loan without a vehicle inspection, not all companies will do this. Some companies will want you to bring your vehicle to their location, so they can do the physical inspection themselves, but we are able to get your physical inspection done with photographs and videos. With smartphones, today, taking and submitting photos and videos is fast and easy. With the photos, the lender will need to see all sides of the vehicle. The interior, the VIN number, and the odometer reading.
By submitting the photo of your vehicle, the lender can see the overall condition of the vehicle, and decide how much money they are prepared to lend on it, so you can apply for a title loan with no vehicle inspection. After the lender has seen the photos deciding on the right dollar amount is easy, but they will also take into consideration your monthly income, to make sure that the payments will fit into your monthly budget.
Why Vehicle Inspections Are Important
All lenders want to protect the loan that they are going to give, and all vehicles depreciate in value, and the overall condition of the vehicle will determine the value.
As all auto title loans are secured with the vehicle equity, the lender has to look at it as if they had to sell the vehicle, would they get their money back, to protect their investment.
The physical inspection will help the lender to determine the real market value of the vehicle, it will show the overall working condition of the vehicle, and if there is any damage on the vehicle, deductions will need to be made on how much the title loan is given.
Estimating The Market Value
Because car title loans are qualified by using the equity in the vehicle, the market value has to be taken into consideration, it is not just the year, make, model, and mileage that will determine the value of the vehicle.
Not all cars and car brands are created equal, some will hold their value longer than others, and some will depreciate faster, these are all factors on why physical inspections are done for car title loans.
Of cause different car brands are more expensive than others, a Mercedes is more expensive than a Toyota, but in general, the Toyota will hold its value longer than the Mercedes. Depreciation is a determining factor, and the certain band holds its value longer.
Some owners have added aftermarket items to their vehicle, this can also affect the value of the vehicle, some can be positive and some can be negative, but in general, some custom work to the vehicle should enhance the value such as custom wheels, a special interior, or even a sound system.
The condition of the exterior is probably the biggest factor to a vehicle’s value, older vehicles with equity value, and the exterior is clean, without damage, will qualify, but if there is body damage, and the older car is not well taken care of, then it will not qualify.
Interiors of vehicles can also affect the value, if the interior is in poor shape, with rips and tears, this can greatly affect the price of the title loan.
The mechanical working order of the can will also affect the price of your auto title loan, if there are mechanical issues then the vehicle may not even qualify.
How To Get A Car Title Loan Without Vehicle Inspection?
You will still need to do a vehicle inspection to qualify for a vehicle title loan, this process does not need to be done at a physical title loan location, this can be performed by you, all you have to do is to supply the required photos of your vehicle.
Take all of the required angels, the inside, the Vin, and the odometer reading, and your vehicle inspection is done. So there is no need to schedule a vehicle inspection, and travel to a brick and mortar location, our online title loans are quick and convenient for you.
With your car title loan application, you will need to provide a copy of the car title, your proof of income, your proof of residence, your driver’s license, and 5 personal references.
Conclusion For Title Loans Without Vehicle Inspection
When you are supplying the photos it is important that they are clear, and submitted correctly. Present your vehicle as best as possible.
The amount of money that you will qualify for will be determined by the photos, so make sure that is as good as possible, and reflect the vehicle’s true value.
If you need to get a title loan without a car inspection, we are here to help you, with our network we can help you to get a local title loan, and we will make it as easy as possible for you to get the money that you need. Contact us today, we are here to help you.