Premier Title Loans make getting cash easy, and we now offer same day title loans in Nevada. Most borrowers in Las Vegas can qualify and get their money in as little as one business day. All you need is a vehicle to act as collateral for your loan. Apply online, over the phone, or in person at a location in Las Vegas, and you can borrow up to $20,000 with a title loan in Nevada.
How To Get Nevada Title Loans – What’s Required
Let’s start with your vehicle, as that’s the main requirement for title loans in Nevada. You should be eligible for a loan if you have a car, truck, or motorcycle. For example, the standard requirement is that your vehicle must be less than ten years old and have less than 100,000 miles on it. Next, you need to prove ownership of the car. This can be done with the actual vehicle title for the motor vehicle, and you can get an updated copy at any DMV location throughout Las Vegas. Finally, the vehicle’s pink slip will prove you’re the only owner, and there are no other lienholders or people who can claim ownership of your car.
The next part of the process depends on how fast someone wants to get cash with their vehicle’s equity. Do you want to apply online and get everything done upfront? Or would you prefer to meet with a local title loan company in Las Vegas or Reno that will take your application in person and get your paperwork together? Both options can lead to quick funding, but by applying directly online, you can skip most of the paperwork and look for a pre-approval in less than an hour.
With either option, you will still need a vehicle inspection, and this is often completed at any office or inspection location. During a typical inspection, a lender will check your vehicle to ensure it’s worth the stated value and has no damage or other issues that can lower the resale value. Once you wrap up the inspection, you sign off on the documents and are officially approved for a title loan. Some companies will then send the cash straight to your bank or checking account, and you may also be able to get the money in person from any of the larger title loan companies in Nevada.
Apply For An Auto Title Loan Near Me In Las Vegas With Bad Credit
You can still get cash from a title loan if you have bad credit; believe it or not, almost everyone who applies for this type of loan has the same poor credit score! That’s because there are almost always more people with bad credit mortgages and personal loans than people with top credit scores. And while some underwriters may require a co-signer, the vast majority do not! So anyone who applies for a Nevada title loan can get cash today without any additional requirements or steps to take, even if they do have bad credit.
Lenders fully expect that most applicants for auto title loans will have bad credit, which is often the main reason your interest rate is so high with a secured loan. If you could get a low interest personal loan, then definitely go with that, but these title loans are often viewed as a last choice emergency when you need cash fast. Expect an equity lending company in Las Vegas to at least look at your recent credit history, but it probably won’t lead to an upfront loan denial if you have a few marks on your credit score.
Vehicles That Qualify For Title Loans In Las Vegas, NV
Your car or truck is the main vehicle you can use as collateral when applying for a title loan in Nevada. However, we offer details on what types of vehicles don’t qualify, so it’s important to read them before applying directly to any Las Vegas location.
Common reasons some vehicles don’t qualify include having an older model car with high mileage or other types of damage. If your car is over ten years old, you may not qualify for the loan amount you are trying to get because this type of loan is generally reserved for newer model vehicles less than ten years old. You can still apply using an older car or one with high miles, but the loan offer will probably be for $2,000 or less.
Suppose your title loan company is asking about any salvage or junk vehicles. In that case, they already know something else is happening with your request and probably suspect other problems may be at play. Some secured lenders in Las Vegas offer loans for rebuilt and salvage titles, but you can expect to receive a far smaller loan than if you apply for a typical title loan with a newer vehicle.
What Else To Know About Car Title Loans In Nevada
At this point, we’ve touched on the basics of online title loans and how they can be helpful, but there are other things to consider when deciding your best lending option. Did you know the interest rates can be high and some people have real problems making payments? That’s why you want to borrow the least amount of money needed and make early and extra payments upfront to avoid defaulting on your loan.
Another thing to consider is what happens if you miss multiple payments or outright default on your title loan. In this scenario, you can face a title loan vehicle repossession, which means your lender will come and take your car and potentially sell it at auction if you can’t get back to current on the payments. All this means is that you have to budget correctly and plan how much you can afford to pay back each month.
Companies that offer a fast title loan online in Vegas are required by law to give borrowers an appropriate grace period to repay their loan, but that doesn’t mean you should borrow more than you need! Just be careful about unexpectedly getting caught short on cash because you need to make your title loan payments on time and contact your lender if there’s any risk of default. The majority of licensed finance companies in Nevada will work with you to avoid a default and try to get you back on a repayment plan.
Apply Today For An Online Loan Near Me In Las Vegas, NV
Premier Title Loans is standing by ready to assist you with all your lending needs. We can get you started on an online application or answer any questions about the different lending options. Call our email our agents today to get started on a title loan in Las Vegas, NV!