Why You Can Keep Driving Your Car With A Vehicle Title Loan

A vehicle title loan allows you to borrow up to $15,000 on a short-term basis to fund emergencies like medical bills, home repairs, or urgent travel costs. And while popular opinion believes otherwise, you can keep driving your car while you repay the loan. 

Provided you stick to the repayment plan, you can continue using your car, truck, or van as usual throughout the loan term. It's one of the main reasons people love using title loans as emergency funding — it's ultra-convenient!

In this article, we will give you further information about how you keep driving your car with a vehicle title loan and reap the extra benefits of acquiring this loan type for emergencies.

Keep Driving Your Car With A Vehicle Title Loan From One Of Our Lenders

It's a common misconception that title loan lenders take borrowers' cars when they take out the loan. But that is far from the truth. 

With our licensed vendors, you can continue using your car as usual while repaying the loan. They won't ask you to keep it in a locked garage or install a GPS to track it. They simply place a lien on your vehicle's title, using the paperwork to prove you're under a loan agreement. 

Vehicle Title Loan Benefits

But maintaining the use of your vehicle isn't the only benefit to getting a title loan from one of our direct lenders, as you'll see from the advantages below:

1. Easy Requirements

One of the main reasons people turn to our lenders for loans is the easy-to-meet requirements. They don't ask for a ton of hard-to-find documents like traditional loans. Instead, you just need to provide these three simple items:

• Your vehicle — Our vendors accept cars, trucks, and vans. Motorcycles, RVs, campers, or other types of automobiles will not be considered for title loans. 
• Your ID — You can use anything from your driver's license to your military card to any government-issued identification. 
• Your vehicle title — Our lenders only accept lien-free vehicle titles because they must be able to put a lien on them.

2. Your Car Determines Your Loan Amount, Not Your Credit Score

Most loans have a huge accessibility barrier — you can't get a traditional loan without a near-perfect credit score. But that's where vehicle title loans differ from traditional loans. 

Your ability to qualify and the amount you can borrow depends on your car, not your credit score. Our direct lenders use the value of your vehicle to establish how much they can offer through a vehicle title loan (up to $15,000). 

They use the following factors when calculating the value of your vehicle:

• Age — The older your car, the less it's worth unless it is classified as a classic. Of course, its condition plays a vital role in how much age affects the overall value.
• Make and model — Luxury vehicles like Tesla, Cadillac, and Bentley come with higher price tags and are always worth more than run-of-the-mill brands like Fiat or Toyota. 
• Odometer reading — As a general rule, cars with higher mileage are worth less than those with lower mileage. But this depends on the age of the car and the other factors on this list. 
• Condition — Regular oil changes and tire rotations help keep your vehicle running optimally and ensure it holds its true value. Similarly, any bumps, scrapes, dings, or dents can impact the overall value.
• Modifications (if applicable) — Typically, our lenders advise against spoilers, decals, and other overt personalization, as they can ruin the value of your vehicle. But feel free to install a new engine and make similar improvements because this may boost its worth.

3. Lightning-Fast Approval Times

Unlike traditional loans, you don't need to wait for title loans to process. You'll gain approval in roughly half an hour and receive the money you desperately need within a day. Depending on the time you begin the request, you might even get the cash the same day!

4. Larger Loan Amounts Accessible To The Masses

Normally, large loan amounts are only available to people with near-perfect credit scores. But with a title loan, you can gain up to $15,000 without a good rating based on the worth of your vehicle.

5. Straightforward Application Process

Finally, the seamless application process allows you to speed through and acquire money as fast as possible to fund all emergencies. 

All you need to do is head to the inquiry form, complete it, and one of our vendors' licensed title loan specialists will be in touch.

Let Our Vendors Give You The Vehicle Title Loan You Need Right Away!

Since our direct lenders just place a lien on your car's title, you can continue driving while repaying the loan! So, get started by completing the initial request form on our homepage, and At Home Title Loans will put you in touch with an expert today.  

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.