Many people in Alabama have been asking “What is the highest title loan you can get?” Each state is different, but AL offers title pawns of up to $15,000.

While this number may sound appealing, many borrowers don’t need that much, and another type of loan (such as a payday loan) may be the better option. You also may not qualify for the full amount.

This guide will cover FAQs around title pawn amounts, including, the highest title loan you can get, the lowest value of title pawns, how the pawn amount is determined, vehicle inspections, how and when borrowers receive their cash, and more!

How Much Are Title Pawns Worth In Alabama?

While some wonder what is the highest title loan you can get, others are looking into the minimums. At Alabama Title Loans, Inc., we offer title pawns for as little as $300. If you are looking for this small of an amount, our payday loans range from $100-$500 and may be a good option for those who need a little cash to cover an unexpected cost in the short term. However, if you qualify for the low amount on a title pawn you can still us it to get the help you need.

Unlike payday loans, which require a Social Security card, bank statement, and pay stubs to prove income, a title pawn could get you small fast cash with just your car, title, and I.D.

Smaller title pawns for $300-$3,000 may be used for things like:

• Covering overdue rent, utility, or other bills
• Paying healthcare deductibles
• Funding emergency travel to visit ill loved ones or attend a funeral

Meanwhile, those who qualify for $3,000+ could use title pawns for major urgent expenses, such as:

• Home repairs after an accident or natural disaster
• Secondary car payments to the mechanic
• Large medical procedures
• Funeral arrangements

Many other unexpected costs could be alleviated through a title pawn, but we’ll leave that decision up to each borrower.

What Determines Your Title Pawn Amount?

At Alabama Title Loans, Inc., we try our best to accommodate our borrowers, but not everyone receives the highest title pawn amount. So, what is the highest title loan you can get? The maximum amount you can obtain is $15,000 but it depends on the value of your vehicle.

Car Condition

The second component we use to determine your pawn amount is your car. We use methods much like the Kelley Blue Book – a vehicle valuation company that is used to determine the standard value of new and used cards.

The first thing we’ll look at is the car’s overall condition. Is it in good shape or noticeably damaged? Has it been in any or multiple accidents? How does it run? Is it maintained or does it lack regular required maintenance?

The more you take care of your car, the more your car can take care of you when it comes to title loans in AL.

Car Mileage

The more miles a car has, the lower its value. Much like a human lifespan, cars are limited in how much they can give. More miles mean more wear and tear and, likely, more repairs in the near future.

A recent study found that a few makes and models had the greatest potential lifespan and resale value after 100k+ miles. If you have any of the following cars with high mileage, you may be luckier than others with different models.

• Dodge Grand Caravan
• Ford Fusion
• Honda Accord, Fit, or Civic Coupe
• Toyota Camry Hybrid, Avalon, or Prius
• Kia Sedona
• Chevy Impala

Car Make And Model

Everyone knows that some makes and models are more expensive than others, while others are less reliable. Your car’s maker and year will play a part in answering “What is the highest title loan you can get?”

How Do I Receive The Pawn Amount?

If you’re ready to receive your title pawn in Alabama, no matter how big or small, get started on our homepage. Fill out the short online loan inquiry form and wait for a local call from our office. The call will be from a rep who will resolve any doubts, go over the process, and arrange to meet you at home or another location to finish your application.

At the meeting, be sure to have your car, title, and I.D. ready. Your vehicle will go through a quick inspection and, if approved, your loan amount will be determined and sent out to you.

Get Your Emergency Money Now!

Now that we’ve answered the question, “What is the highest title loan you can get?” it’s time to ask, what kind of title pawn do you qualify for? Alabama Title Loans, Inc. has pawns available from $300 to $15,000 depending on your situation and your car’s condition.

Give us a call or fill out the online form to start the process. Through title loans AL, you could have the money you need by the end of the day. The only thing we’re waiting for is you!

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