Can You Get a Car Title Loan with Just a Bill of Sale?

Paul

Paul

Total Posts: 183

Published Date: May 20, 2023

Getting Title Loans With A Bill Of Sale

Car Title Loan with Just a Bill of Sale are a type of secured loan where the borrower uses their vehicle’s title as collateral. The title loan process is relatively simple. The borrower provides basic information, including proof of income, government-issued ID, and the vehicle’s title. Depending on the lender, they may also need to provide bank statements and other documents.

Car Title Loan with Just a Bill of Sale lenders will assess the value of the vehicle and offer loan proceeds based on that value. The borrower is typically able to get a loan for up to 50% of the vehicle’s value. The repayment process usually involves monthly payments, and the borrower risks losing their vehicle if they default on the loan.

People with bad credit history can still get a car title loan, as the vehicle’s title is used as collateral. However, not all states allow title loans, so it’s important to check before applying. Additionally, the loan process may require additional documentation, such as a new car title or proof of income.

Once the borrower has completed the application process and been approved, they can get a title loan on the same day. Final approval is usually contingent on the borrower providing a clear title and government-issued ID.

It’s important to note that title loan lenders are held accountable for the sale process, and they must follow several ways to ensure the sale form is completed correctly. If the vehicle’s title is stolen or lost, the borrower can still get a title loan with just the bill of sale by obtaining a surety bond and bonded title from the secretary of state.

TFC Title Loans offers a free quote for anyone interested in a Car Title Loan with Just a Bill of Sale. However, the repayment process can be risky, and borrowers should carefully consider whether they can afford the monthly payments before applying for a title loan.

Bill Of Sale TitleCar Title Loan with Just a Bill of Sale

At our company, we provide car title loans to eligible applicants. The title loan process is simple, and once you provide your vehicle’s title along with other basic information and documentation such as a government-issued ID and proof of income, you may be able to get a title loan on the same day. The loan proceeds can be used for anything, and the repayment process is designed to be flexible with monthly payments.

Regarding the question of whether you can get a Car Title Loan with Just a Bill of Sale, it’s important to note that not all states allow this process. In most states, title loan lenders require a clear title and proof of ownership, which means you cannot get a car title loan with a bill of sale alone. You will need to provide additional documentation such as your driver’s license, bank statements, and other documents as required.

It’s important to understand how a Car Title Loan with Just a Bill of Sale and the final approval is subject to the vehicle process. If you have a stolen car title or bad credit history, you may still be able to get a loan with a bill of sale, but you may need to provide more information and be held accountable for the vehicle’s condition.

At our company, we offer a free quote for those who are interested in applying for a title loan. We believe in equipping our clients with the knowledge they need to make informed financial decisions. We hope this information has helped you understand the title loan process better, and we are always here to answer any questions you may have.

How To Get Car Title Loan with Just a Bill of Sale

As one of the oldest title loan lenders, we have been able to stick around for so long because of our willingness to go above and beyond for our customers.

Since we opened our doors in 1994, we have further decided that we ought to go the extra mile to educate, empower, and equip those who aren’t presently or may even never, be our customers.

We have been actively expanding our website to include informative resource pages covering questions like Car Title Loan with Just a Bill of Sale and topics from the buying/selling of cars to financial planning.

Can You Car Title Loan with Just a Bill of Sale?

In this informational article, we will be explaining to you what a bill of sale is, how to get one, and how to get a title for a car with a bill of sale.

Our second-to-none customer service has drawn thousands of consumers to our doors to obtain title loans. We value consumer education very highly so if you need more information on this topic, then please continue reading.

However, if you stumbled across this page because you are interested in receiving auto title loans from us, then fill out the online application today!

The online title loan process is simple, quick, and easy. You’ll find out if you’ve been approved in a matter of minutes and you can use the funds in any way you please.

Remember, paying off your loan promptly will help you build your credit and ensure your car isn’t going to be repossessed!

can you get a car title with just a bill of sale

Bill of Sale Title

A bill of sale is always an important item to have, especially when you have bought a vehicle from a private party and are wondering how to get a title for a car with a bill of sale.

The bill of sale is necessary for the buyer’s and seller’s records. A bill of sale is proof that you legally bought the vehicle.

It acts as a kind of contract to transfer ownership of the car to you. Your local DMV should carry a bill of sale form that you can use while some states also accept generic bill of sale forms.

Regardless, these are the facts that every bill of sale usually calls for:

  • The selling price of the car.
  • Vehicle Identification Number.
  • Vehicle’s license plate number.
  • Date and location of the transaction.
  • Names, addresses, and signatures of both the buyer and the seller.

What’s A Bill of Sale?

Purchasing an item from a private seller is usually simple and easy. A written record of sale, or a bill of sale, is crucial especially if you’re purchasing a vehicle, electronics, or any items with a serial number or of value over $100.

A Indiana bill of sale is a simple document that identifies the buyer, and the seller, a description of the item, the amount paid, and the exact date.

The bill of sale should be signed by both the buyer and the seller. You can use an online bill of sale template. Or, prepare a bill of sale at home and carry it when looking to purchase from private sellers.

Or, you can handwrite one on the spot if needed. Make sure you’re protecting yourself when buying from a private seller!

You might be wondering if you can register a car with just a Bill Of Sale, we will be happy to answer that question.

Can You Register a Car With Just A Bill oF Sale And No Title?

If you have your bill of sale, then take that and a few other necessary identification documents to the DMV. They will then be sending you a letter shortly afterward.

This is to inform you of the cost of the surety bond that you need to buy from an approved insurance provider. By doing so, you’ll be able to obtain a bonded title.

Bonded Title Meaning

Buying a surety bond confirms that the vehicle is free and clear of all liens on a car title or any other issues with the car.

Once you can confirm this by buying the surety bond? You will be able to be listed as the new owner.

What is a surety bond?

A surety bond is a three-party agreement that legally binds together:

  • A principal that needs a bond
  • An obligee who requires the bond
  • A surety company that sells the bond

The bond guarantees principle and acts by certain state laws. If the principal’s performance fails in this manner, the bond will cover resulting losses or even damages.

Often unnoticed, surety bonds tend to play a major and crucial role. This is true, especially in countless industries throughout the entire United States of America.

Almost all surety bonds are required at a state level and regulations tend to vary greatly from state to state.

Obtain the Bonded TitleCar Title Loan with Just a Bill of Sale

Once you can obtain the surety bond, you will have a certain amount of time to apply for a bonded title that would allow you to be named as the legal owner of the vehicle.

Take your proof of bond and other necessary documents back to the DMV. A bonded title is provided to you by the secretary of state once they have reviewed your bond and your letter from the DMV.

When you get the bonded title, you will then be free to do whatever you wish with the car: you can register it, buy car insurance, or even get a title loan on it.

What Does Bonded Title Mean?

A bonded title is a document that proves a person’s ownership of a motor vehicle, like a car. It can be used instead of a standard vehicle title. This is done to register the car with the DMV, buy insurance for the vehicle, or sell the car outright.

Bonded titles are typically obtained by filing with or through your local DMV.

What can a Bonded Title be Used for?

A bonded title can be used for several purposes. This includes:

  • Determining vehicle ownership for legal purposes like used-car scams
  • Preventing liability when selling a vehicle
  • Allowing the car owner to buy insurance or register the vehicle with the DMV

Getting a Car Title Loan with Just a Bill of Sale

So, can you get a Car Title Loan with Just a Bill of Sale? Yes! We hope that you have found this resource article both educational and informative!

Especially on how to get a title for a car with a bill of sale. However, if you have any leftover questions, we encourage you to give us a call today.

We would love to answer any questions you might have. Interested in getting a car title loan with us?

Please fill out our online application or give us a call today! We would love to work with you! Getting you the title loan you need, with just a bill of sale is possible, and we will walk you through the process.

Bill of sale title loans, can take a little longer to fund, as each state’s DMV is different, so it will depend on the state you live in, on how quickly and how easy it will be to get a title loan with just a bill of sale.

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan in your area, we are able to help you with our large referral network.

All of our referral partners are in compliance with the CFPB.

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DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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