How To Get A Title Loan When The Car Is Not Paid Off?

Daniel Joelson

Daniel Joelson

Total Posts: 344

Published Date: January 16, 2024

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Are you wondering if you can get a title loan when the car is not paid off? Here at TFC Title Loans, we can help you, we always do our best to answer all of your questions.

We have the largest referral network of title loan companies in the nation, all of our partners are in compliance with the CFPB, so you will be getting the best lender.

Do you need some emergency money? Getting a title loan from us is easy. But what if your car is not paid off? Do you think you can not qualify for a title loan because you are still making payments on your car? You still may be able to qualify with us!

How To Get A Title Loan When The Car Is Not Paid Off

Can you still get a title loan when you are still making car payments?

Yes, we can help you to qualify for a car title loan when the car is not paid off. Your vehicle can still be used for a title loan even if it is not entirely paid off.

Car title loans are based on the equity that you have in your vehicle and not the balance you have remaining to the finance company.

There may be enough equity in your vehicle even if it is not completely paid off, so you will still be able to use it as collateral for your title loan contract.

As long as there is enough equity in your unpaid vehicle loan, and you have enough income to support your new title loan, you can qualify.

To see if you have enough equity in your vehicle, you will need to know the balance that you have left with your current finance company, and then you can look up the wholesale value on the Kelly Blue Book.

FAQs About How To Get A Title Loan When The Car Is Not Paid Off

Can I Get a Title Loan If My Car Is Not Paid Off?

Yes, some lenders offer title loans even if your car is not fully paid off. They will consider the equity you have in the vehicle, which is the difference between the car’s value and the amount you owe.

What Is the Process for Getting a Title Loan on a Car That Is Not Paid Off?

The process typically involves providing details about your car, the amount you owe, and its current market value. The lender may pay off your existing loan and issue a new loan based on the equity in your car.

Are There Additional Requirements for a Title Loan on a Car That Is Not Paid Off?

Yes, you may need to provide more documentation, such as proof of your current loan balance, and the lender may require higher interest rates or fees due to the increased risk.

Expert Quote

“Getting a title loan on a car that isn’t paid off can be complex, but it’s possible with the right lender. Ensure you understand the terms and conditions to avoid further financial complications.” – Daniel Joelson, Consumer Finance Expert

What Vehicles Are Accepted For Title Loans While Still Making Payments?

If you are still financing your vehicle it is still possible to get a title loan on it, we will have to contact your lender, to get the actual payoff from them, as long as there is enough equity in it, we can help you.

Remember as long as you have enough equity value in your vehicle, we can help you, so it does not depend on a certain year, or type of vehicle, some older vehicles still have equity value, and some high mileage trucks, also hold their value.

All types of vehicles can qualify for our car title loan program. We can even refinance a title loan that you have with another company.

How Do I Get A Car Title Loan If My Car Is Not Paid Off?

If you would like to get a car title loan even if your car is not paid off yet, you will need to contact us, to see f we can qualify you by using your unpaid vehicle for a title loan.

As long as your vehicle has enough equity in it, we can help you with a vehicle equity loan, even if your vehicle is not paid off, we will be able to pay off your existing loan and replace it with our car title loan.

If there is enough equity in your vehicle you will need to submit a few basic documents, you will need to provide us with your license plate number, your VIN number, your proof of income, your proof of residence, and 5 personal references.

When you a submitted all of the documents, all you will need to do is to supply photos of your vehicle, so you do not have to go to a physical location to do it.

You will need to sign your title loan contract, and then decide how you would like to get the money. We can wire the money to your bank, you can come into a local title loan office in your neighborhood to pick up a check, or you can go to any MoneyGram to get your money.

TFC Title Loans has been helping people since 1994, we are here to help you get a title loan if your car is not paid off yet, we make it easy for you to get the money that you need, with your vehicle’s equity. Call now we are here for you!

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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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