ONLINE TITLE LOANS WITH
NO STORE VISIT OR INSPECTION!

Online Title Loans With No Store Visit Or Inspection Requirement

Do you need cash for emergency expenses but don’t want to deal with the stress of meeting with a lender in person for an inspection or submitting a lot of paperwork? Do you know there’s a way to borrow a significant amount of money by using your car as security for a loan, and sometimes you can complete the underwriting process entirely online?

Most applicants for an online title loan assume they must undergo a lengthy vehicle inspection or visit a store to sign the lending documents and meet with a lender in person. The good news is that lenders don’t always require a store visit for an online title loan if you can meet other requirements that prove your vehicle exists and that you’ll be able to repay the loan with no issues.

Premier Title Loans offers pre-approval online car title loans, with loan amounts starting at $2,500 in several states. You should be able to borrow 30%-50% of the vehicle’s value solely based on the fact that you own the car or truck and can afford to pay off the loan. Let’s examine the scenarios in which you can get a title loan without an in-person inspection and how this type of loan works.

How Does A No Inspection Title Loan Work

No inspection title loans mostly have the same requirements as a typical car title loan. You use your vehicle’s equity as collateral to secure the loan amount. Hand over the car’s title as security for this secured loan and get the pink slip back after you’ve repaid the entire balance.

One difference with this type of loan is that you don’t need to undergo an inspection or even a credit check, which can delay funding. Apply online with Premier Title Loans to skip the hassle of getting your vehicle inspected. You can then receive your loan proceeds within one business day or less. In some cases, the funds can be sent by direct deposit straight to your checking account as quickly as one business day after you’re approved!  Even if you don’t have a checking account, your funds can be sent by check through mail, or you can pick up a money order at any convenient location. Yes, the loan amount for a no-inspection title loan is lower because the lender isn’t inspecting the car in person, but that’s often not an issue if you’re looking to borrow less than $5,000.

What’s Required For Online Title Loans With No Store Visit

You may be able to get a title loan without a store visit if you can provide a lien free car title and prove your ability to pay back your loan every month. These are the main requirements for any online title loan, and they don’t really change regardless of how or where the vehicle is inspected . We’ll verify with your state’s DMV that your title is paid off, and in some states, you may need to pay any outstanding fees or tickets to prevent the title from being signed over.

You may need proof that the vehicle is insured, and since there’s no inspection, you’ll need to send photos of the car and its title. These photos or video evidence of the vehicle must be thorough, and you’ll need to show that the car runs and has no major cosmetic defects.

Getting a title loan without proof of income or a store visit is ideal for individuals who prefer to avoid the hassle of an in-person inspection. But in some cases, an inspection will still be required if you have a low value vehicle or are looking to borrow more than a few thousand dollars.

Why Do Lenders Offer No Inspection Online Title Loans

No inspection title loans work out well for self-employed people and those who don’t have the time to drive around and wait for a time-consuming inspection. The reason is that you can still get approved with low income and proof of employment if you can prove the vehicle exists and has sufficient value. Another plus for lenders is that these secured loans have high interest rates and APRs that can increase if you fall behind on payments. Yes, there’s a real risk to them if you stop making monthly payments, but they’re making a significant amount of money each month when you make your payment.

Loan Amounts For Title Loans That Don’t Require The Car

If the vehicle passes video inspection, you can expect a lower amount than a typical car title loan, where you get the vehicle inspected in person. In some states, these loan amounts can reach $20,000; on the low end, you can obtain $2,500 without visiting a retail store. However, it’s worth repeating the interest rates for online title loans that don’t require the car, as it will be high. In some states, such as Florida, the APR can reach 30% or more, because a lender is taking on even more risk by not inspecting the vehicle in person.

One thing to consider with a no inspection title loan is that your loan-to-value(LTV) will be considerably lower than if the lender inspected the car in person. LTV’s with standard title loans range from 40-70%, but if you only submit video or photo proof of the vehicle, you can expect an LTV of 40% or less.

A Vehicle Inspection May Be Inevitable For An Online Title Loan With No Store Visit

Even though a handful of online title loan companies don’t require a vehicle inspection or a credit check, there will still be times when a lender requires a store visit to ensure the vehicle is “as described.” This happens when a title lender wants to confirm that the vehicle exists and that the person receiving the money is authorized. Sometimes, an underwriter will allow you to submit pictures of the car as proof that it exists and is worth what you say it’s worth. However, they can only go so far when looking at pictures or relying on DMV records, and that doesn’t even account for official inspections for emissions or safety purposes. The bottom line is that some companies don’t feel comfortable without visually seeing the vehicle in person.

Another benefit of an inspection is that your underwriter can assess any aftermarket additions to your car that could increase the value of an initial loan or even a title loan refinance. They will also want to review the maintenance records and inspect the vehicle to assess its current condition and driving history. A lender will always want to verify the vehicle’s value, and the best way to do so is in person.  No inspection title loans are possible in some situations, but you can expect less money for your title loan if everything is entirely online or over the phone.

Apply With Premier Title Loans Without Bringing In The Car

We know your time is valuable, and there’s no better way to save time than getting a title loan without bringing your car in. Gather your vehicle info, DMV documents, and photos of the vehicle, and apply online with Premier Title Loans or call us at 800-250-6279 today! Our pre-approval agents will verify your vehicle’s value, provide a payoff quote, and give you a few different monthly payment estimates based on your loan amount.

We offer fast pre-approval for title loans with no inspection, and if you have a lien free vehicle and can verify your income, you stand a good chance of qualifying regardless of your recent credit history!