What Vehicles For Title Loans in Ohio

Daniel Joelson

Daniel Joelson

Total Posts: 344

Published Date: April 5, 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 curious about which cars qualify for title loans in Ohio? If you need quick cash in Ohio, a car title loan can be a helpful option. To qualify, you must own a vehicle with a clear title.

Not every vehicle qualifies for a title loan. Lenders consider several factors when deciding whether to approve a vehicle for a title loan. Let us explore which vehicles are eligible for title loans in Ohio.

Types of Vehicles Accepted for Ohio Title Loans

Title loan brokers like TFC Title Loans accept various vehicle types, provided they have enough equity. Here are the common vehicle types accepted for title loans in Ohio:

  1. Passenger Vehicles: This includes cars used for personal transportation.
  2. Commercial Trucks: These are trucks used for business purposes.
  3. Motorcycles: Most motorcycle models qualify for title loans.

The value of your vehicle is a crucial factor in determining loan approval. Newer vehicles with fewer miles generally have higher values. The make, model, condition, and any modifications also impact the vehicle’s value.

What vehicles qualify for title loans
What vehicles are accepted for Ohio title loans

Qualifying for a Title Loan in Ohio

To qualify for a car title loan in Ohio, the main criteria are:

  • Vehicle Value: The lender assesses your vehicle’s value using resources like the Kelley Blue Book.
  • Ability to Repay: You need to demonstrate your ability to repay the loan, often through income verification.

Even with bad credit, you can qualify for a title loan in Ohio based on your vehicle’s equity rather than your credit score. Here’s what you’ll need for approval:

  • Ownership Documents: The vehicle’s title must be in your name without any liens.
  • Income Proof: Provide documents like pay stubs, pension statements, tax returns, or disability payments.
  • Vehicle Details: Submit detailed photos of your vehicle, including interior, exterior, VIN number, and mileage. We can get you a title loan with no vehicle inspection, all you have to do is to submit detailed photos.

Benefits of Ohio Auto Title Loans

Choosing an auto title loan in Ohio with TFC Title Loans offers several benefits:

  • Affordable Payments: You will receive the most affordable monthly payment based on your financial situation.
  • Improved Credit Score: Repaying the title loan on time can positively impact your credit score.
  • Flexible Repayment: Enjoy longer repayment terms and no pre-payment penalties, allowing you to pay off the loan at any time.
  • Vehicle Retention: Unlike pawn shops, you keep and drive your vehicle while repaying the loan.

Frequently Asked Questions About What Vehicles Are Accepted for Title Loans in Ohio

  1. What types of vehicles are accepted for title loans in Ohio? Most types of vehicles, including cars, trucks, motorcycles, and RVs, are accepted for title loans in Ohio. The key requirement is that you own the vehicle outright and have a clear title in your name.
  2. Can I use a vehicle with a lien on it for a title loan in Ohio? No, you cannot use a vehicle with a lien on it for a title loan in Ohio. The title must be free of any liens, meaning you must own the vehicle outright without any outstanding loans against it.
  3. Are there specific requirements for the vehicles used in title loans in Ohio? Yes, the vehicle must be in good working condition and have enough value to secure the loan amount. Some lenders may also have specific requirements regarding the vehicle’s age, mileage, and condition, so it’s important to check with the lender for their specific criteria.

Quote from Daniel Joelson, Consumer Finance Expert: “When considering a title loan in Ohio, ensure your vehicle meets the lender’s requirements and that you fully understand the loan terms. Evaluating your financial situation and exploring all options is crucial before committing to a title loan.”

Contact TFC Title Loans today for assistance in getting the money you need through an Ohio auto title loan. With over 30 years of experience, we provide reliable and customer-focused service across the nation.

All of our referral partners have the state required consumer finance lenders license, so you know that you will be working with a trust worthy lender.

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Disclosures

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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