get loan using car

How To Get A Loan Using Your Car As Collateral

When life’s emergencies leave you without the savings to cover your expenses, you might be left wondering, “Where can I get a loan using my car as collateral?” Here’s all you need to know about car collateral pawns and where to find one.

Alabama Title Loans, Inc. offers convenient pawns that can get you up to $15,000 for personal emergencies. Their helpful, trustworthy staff are always ready to walk you through the process of getting a pawn using your car as collateral.

Where Can I Use My Car Title To Get A Loan?

As an Alabama resident, there’s no need to ponder, “Where can I get a loan using my car as collateral?” Alabama Title Loans, Inc. has you covered with convenient title pawns for your needs. In this article, you’ll see the step-by-step process for obtaining a title pawn.

Why Pick Alabama Title Loans, Inc.?

Direct lenders are always the way to go when you need fast options for cash. Traditional lenders may have a good reputation, but when it comes to alternative pawn options like car title pawns, your options are extremely limited—virtually nonexistent.

As such, direct lenders are a much more suitable option if your credit isn’t great or if you need a fast return on your application.

Alabama Title Loans, Inc. offers a streamlined, direct process to getting approved, putting you in control of your pawn options. So, when you ask, “Where can I get a loan using my car as collateral?” the answer is clear!

happy young woman received title pawn by using her car as collateral

The Step-By-Step Process To Getting A Title Pawn

Car collateral pawns aren’t as complex as you might think, and Alabama Title Loans, Inc. has helpful staff to walk you through the entire process. Here’s an easy-to-follow guide to getting your title pawn.

  1. Complete the online form.
  2. Wait for a representative to get in touch and schedule a meeting.
  3. Meet with the associate for a brief car inspection.
  4. Fill out the closing paperwork.
  5. If eligible, leave with the money on the same day or the following business day.

It’s as simple as that, and once you get connected with a pawn representative, you can ask them anything about the process.

You also have the freedom to book an appointment with them at a location you choose if you prefer not to visit the store. Pick somewhere that works well for you, and your representative will be happy to go the extra mile for you.

At the inspection, the associate will review your required documents (which we’ll discuss soon) and the condition of the car itself.

Your car’s condition is an important part of determining how much you qualify for with Alabama Title Loans, Inc. and they will evaluate your car based on a nationally recognized pricing scale, as well as considering any damage to the body and how well the car has been maintained.

The pawn representative will also verify the VIN on the car.

young man got title pawn online

The Simple Requirements To Get Title Loans

After asking “Where can I get a loan using my car as collateral?” your next big question is likely, “What do I need to get a title pawn?” Let’s review what you’ll need to secure a title pawn.

  • State-issued photo ID – The easiest way to fulfill this requirement is by using your driver’s license, but should you not have one, a non-driver’s license, passport, or military ID are also acceptable.
  • Lien-free vehicle title – Another essential requirement is a lien-free title. Sometimes referred to as a clear title, the name is self-explanatory: a lien-free title has no outstanding judgments or liens on it already. If it does, you’ll need to pay off your debts and have the lienholder remove the lien from your title before applying for a pawn.
  • Your car itself for inspection – Your pawn representative will need to review the condition of your vehicle before approving you for a title pawn. That includes matching your title with your car, checking for damages, and verifying the VIN. Because the title is the security in the pawn, anything negatively impacting the vehicle’s worth will also impact the amount you may qualify for.

The requirements for obtaining a title pawn couldn’t be easier, so if you’re hung up asking yourself “Where can I get a loan using my car as collateral?” then consider Alabama Title Loans, Inc. for our simple, straightforward requirements.

Fill Out Our Online Form For A Car Collateral Pawn Today!

Title loans are always an option in rough financial times where your ability to repay is impaired or limited. Any situation where not paying would lead to further complications—even damage to your property or person—can prompt you to ask, “Where can I get a loan using my car as collateral?”

Thankfully, Alabama Title Loans, Inc. is here to help you out when you decide to borrow money using your car’s title as collateral. If you think it’s the right call for your needs, fill out our online form 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.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.