ONLINE CAR TITLE LOANS
IN TENNESSEE!

Title Loans In Tennessee – How They Work & What’s Required

Are you making no progress in getting approval for a personal loan? Perhaps it’s time to consider a title loan that uses your vehicle’s equity as collateral for a loan. Title loans have been widely used in Tennessee over the past few years, as you don’t need good credit to qualify and can borrow up to $25,000 by tapping into your car’s equity. You’ll sign over the car’s title to your lender, which will be held as collateral until the loan is fully repaid. As soon as the loan is paid off, your lender will initiate the title transfer process, and most customers receive their pink slip back within a week or less.

With Premier Title Loans, anyone can qualify for a title loan in Tennessee, and the requirements are relatively simple. You must be at least 18 years old, hold a valid driver’s license, and provide proof of vehicle registration to qualify. You must also own the vehicle outright, meaning no one else is listed as a lienholder with Tennessee Driver Services. You need proof of income, which often involves submitting bank statements or employment records. Finally, your car must be in good condition and have a clear title – you have the best chance of approval with a car valued at $4,500 or more. Any licensed finance lender will want to run some credit checks to ensure you have no past bankruptcies and no existing title loans with other companies.

Vehicles That Qualify For A Title Loan In TN, And How Much Can I Get?

Almost any registered vehicle in Tennessee can be used for a title loan, including cars, commercial trucks, motorcycles, RVs, and boats. Funding amounts depend on the vehicle’s current value, so it’s vital to have an accurate vehicle valuation before applying. If you still owe money to your lender, you won’t have possession of the pink slip, making it hard to get approved for any title loan requiring a paid off vehicle.

Loan amounts for a Tennessee title loan are based on the vehicle’s resale value, which is why it’s beneficial to have a newer model car in decent condition with low mileage. Title loans are typically offered for 40% to 70% of the Blue Book value of your vehicle. Therefore, a car or truck worth $14,000 can result in a title loan of approximately $7,000.

You may need to bring in your vehicle for a quick inspection to determine an accurate loan amount. During the inspection, your car will be checked for mechanical defects, and your lender may take the vehicle on a test drive. They’ll record the current mileage and VIN and may request documentation showing your vehicle’s been smogged and has up-to-date tags in Tennessee. It only takes about 45 minutes to inspect the car and most customers can sign the contract and collect their funds during the same visit!

Regulations For Tennessee Title Loans

Tennessee title loans are legal and widely offered by licensed lenders throughout the state. However, some areas in TN have specific lending limits and various other restrictions. For instance, Sumner County is constantly changing its municipal codes to cover secured lenders. Davidson County, which includes Nashville, also has financing restrictions and regulations regarding what happens if your vehicle is repossessed because of missed payments. Check the lending laws in Tennessee before you apply and choose a title loan company that’s actively licensed and bonded within the state.

How Does The Title Loan Process Work In Tennessee?

The agents at Premier Title Loans can process and underwrite your application for an auto title loan in Clarksville, Gatlinburg, or Nashville quickly, often within a few hours. Assuming your vehicle is paid off, you should have no issues getting approved in one business day or less.

To complete your application for a title loan in Tennessee over the phone, simply call us at 800-250-6279. Alternatively, you can submit your information using our online application. We need your vehicle’s make, model, and year to provide you with a quote. After that, we’ll let you know how much money you qualify for.

Getting Your Money From A Vehicle Title Loan In Tennessee Straight To Your Account

Your lender can wire the money straight to your bank account if you are approved for a vehicle title loan. Once the funds are in your account, you can use them as you see fit. Other customers in Tennessee choose to pick up a money order or get the cash in person at locations in Nashville, Lynchburg, or Murfreesboro. Some companies can send the funds by direct deposit to a debit card or prepaid card within 24 hours.

Use your loan proceeds for financial emergencies or pay off other loans; it’s entirely up to you! Unlike some equity lenders that give you access to revolving credit, a car title loan lets you borrow upwards of $25,000 cash!

Apply For A Car Title Loan Online Or From A Local Lender In Tennessee

Once you decide that a title loan is for you, the next step is to determine how you want to apply. Some people choose to fill out an application for a Premier Title Loan online. Others prefer to apply in person at various locations throughout Tennessee. You can likely find dozens of lenders if you reside in larger metropolitan areas, such as Nashville and Chattanooga. Other cities, like Knoxville, have fewer retail offices within their city limits, but multiple lenders are within a short drive.

Whatever route you take, remember that Premier Title Loans is here to help get your loan funded in Tennessee. We’re happy to help you apply online 24/7, over the phone at 800-250-6279, or at any location offering title loans in Memphis or Clarksville! We work with multiple lenders in the area, so we can typically process and underwrite your application within hours of receiving your application.