man pawning his car title online

4 Lending Tips For Online Car Title Pawning

Online car title pawning has fast become one of the more popular borrowing methods for those who need access to fast cash. This isn't a surprise. Pawns are quick to get, available to those with bad credit, and depending on the value of your vehicle, you may be able to obtain a decent sum of cash.

On this page, we will share four tips for online car title pawning with you. These tips should make the process a little bit smoother for you.

Here Are 4 Tips To Know For An Online Car Title Pawn

1. Understand What Car Title Pawning Is

While many people have heard of title pawns, few know what they are. They see them as a quick way to obtain emergency cash. Sure, they are fast, but they aren't for everybody. A car title pawn will require you to hold a lien-free title to a vehicle (more on that soon). With a car title pawn, your car title serves as collateral. The amount of cash you can get is based on the value of your vehicle.

Contrary to popular belief, car title pawning does not restrict access to your vehicle. While your car title is pawned, you will be able to continue to drive your vehicle. If you still don't understand car title pawning, then there will be an opportunity to ask Alabama Title Loans, Inc. any questions. Our team will be more than happy to help.

2. Know How Much Cash You Need and Why

As mentioned previously, title pawn value is based on how much your vehicle is worth. This will be the main deciding factor in how much cash you can get. Car title pawns are for those who need access to fast cash to fund emergencies. These reasons may include:

  • Covering home or vehicle repairs
  • Replacement of important home appliances
  • Medical expenses
  • Vet expenses
  • Covering an unexpectedly high bill

It is essential to have an idea of how much cash you need and why. The “why” part is essential because you shouldn’t borrow money for frivolous expenses, as it can cause more financial issues in the future. Knowing how much cash you need will let you come up with a plan of how much you’ll owe and when you can pay it off.

person looking into empty wallet

3. Gather All Required Documents In Advance

This part shouldn't be too tricky. Alabama Title Loans, Inc. does not require long lists of documents. Details of your income or bank statements aren’t required either.

The first will be a government-issued photo ID, preferably your driver's license. The ID will let us know who you are. Without it, you will not be able to receive a title pawn.

Secondly, and much more importantly, you will need a lien-free title. If you have any liens on your vehicle, you will not be able to receive a pawn. Generally speaking, you will not have any liens if you have paid off any financing on your vehicle. The information about liens is presented on your title.

Lastly, you’ll need to show your vehicle for a quick inspection. The results of that assessment will determine the exact amount of cash you qualify for.

If you gather the documents in advance, it should speed up the process. It will stop you from having to search for the documents when you have a vehicle inspection booked with us.

4. Choose The Right Lender For Online Title Pawning

Here, at Alabama Title Loans, Inc., we want to ensure that the process of pawning is as quick and hassle-free as possible. It can take as little as 30-minutes. It begins by filling in a short form online and then meeting us in person for a quick vehicle inspection.

With our online title pawns, no store visit is required, and we can come to your chosen location. This could even be at your home or place of work. You don't even need to visit one of our stores for that vehicle inspection.

As mentioned previously, there are no income requirements with us. There aren't even bank account requirements. If you do not have a checking account, we have alternative ways to provide you with cash. Again, this helps ensure that the process is as smooth and headache-free as possible. Finally, we work with all credit situations. This means we may be an option when others have turned you down.

woman got an online car title pawn

Looking For An Online Title Loan

Online title pawns are really easy to get. The process is pretty plain-sailing as long as you know what a title pawn is and have the documents on hand. This can make online title pawns an option for those who need to borrow cash quickly with the minimum amount of hassle. Need to borrow some money? Gather your documents and fill in that inquiry form today. You could have the money that you need in just a few hours.

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.