Title pawns in Alabama are made with bad credit borrowers in mind, allowing you to access between $300 and $15,000, depending on the value of your vehicle. While approval is easier than traditional bank loans, there are still a few things you need to do beforehand to improve your chances of success. 

In this guide from Alabama Title Loans, Inc., we'll uncover the car title pawn requirements that'll help you prepare for a title pawn, including the factors impacting your vehicle's value. We will also explain how to get approved for an Alabama title pawn today.

Alabama Car Title Pawn Requirements Explained

Preparing for a title pawn isn't as difficult as you may believe. It's simply a matter of gathering two documents and ensuring your vehicle is in a suitable condition to be valued by us at Alabama Title Loans, Inc. You will have to meet our age and vehicle requirements, but our simple required items should help.

Here are the three required items for title pawns in Alabama:

1. Identification

The first document is the easiest one to find, as many people have this to hand at all times — your identification. For a title pawn in Alabama, you can use any primary identification that displays your full legal name, date of birth, and portrait photograph.

Here are some of the state IDs you can use:

• Driver’s license
• Passport
• State ID card
• Military servicemember’s ID card
• Student ID card

Just make sure you are 18 years old or older before starting the process. If you're younger, we won't be able to accept you. Alabama law requires borrowers at banks and loan lenders to be a legal adult to borrow money.

2. Lien-Free Title In Your Name

In addition to your identification, you will need to provide a lien-free title. This must be the title associated with the vehicle you plan to use to secure your title pawn. You can only get approved with a car, truck, or van title, as we do not accept motorcycles, boats, trailers, or other similar vehicles.

For these pawns, you must prove you own your vehicle outright without any outstanding judgments against it. This is because we place a lien on your title to secure the loan, and we cannot do so if one is already in place. 

Additionally, your name must appear on the title and match the name on your ID. If your vehicle's title isn't in your name, visit your local Department of Motor Vehicles to request a transfer. Once the title transfer is completed, you can move forward with the title pawn process. Starting before the title is in your name will only lead to rejection and delay your ability to get emergency funding. 

3. Vehicle For An Inspection

Last but certainly not least, you will need to supply your vehicle to acquire a title pawn. Contrary to popular belief, you don't have to leave it with us while you repay the loan. Instead, we inspect it to assess its value and return it to you for regular use from that point onwards. We use your lien-free title to secure the loan, rather than the vehicle itself.

The car, truck, or van you supply will determine how much money you can borrow from us (within our $300 to $15,000 lending limit). The more it's worth, the more you can borrow, but we'll look at more than the fair market value of your make and model.

Here are the factors that will impact your car's worth:

• Make and model – Different makes and models will have different values. That’s because some luxury brands, such as Ferrari, Mercedes-Benz, and Porsche, are more expensive than common brands like Toyota, Honda, and Hyundai.
• Customizations — Modifying or customizing your car isn't an inherently negative thing. Unfortunately, customizations (e.g., spoilers, aftermarket exhausts, decals, custom paint jobs, and lowered suspensions) only decrease the overall value of your vehicle. Why? Because others won't necessarily want these additions.
• Condition — If your car has electrical problems, mechanical issues, scrapes, dents, stained interiors, or other damage, it won't be worth as much as vehicles in good condition. If you're looking to acquire a larger amount, you may need to fix considerable damage before attempting to get a title pawn.
• Age — Typically, older cars are worth less than newer cars. However, this does not apply to classics or vintage vehicles. If you're lucky enough to own such a car, it may be worth more now than it was a few years ago!. For average car owners, though, vehicles lose around 60% of their value in just five years.
• Odometer reading — Higher mileage equals lower value. Generally speaking, high mileage refers to anything above 12,000 miles per year, with average mileage falling between 10,000 and 12,000 miles, and low mileage being under 10,000 miles per year. A one-year-old car with 20,000 miles on it has high mileage and will be worth less than the same make and model with fewer miles.
• Service history — If you don't have a record of your car's services, its value will be negatively impacted. Showing you've taken good care of your vehicle gives you a better chance of fetching a higher price. For best results, ensure all your service documents are in order before beginning the title pawn process. 

How To Get A Title Pawn In Alabama

Once you have gathered the vehicle title pawn documents and ensured your car is in a good enough state to be valued, it's time to follow the steps below actually to acquire a title pawn. It's easier than you think. After all, you've already done the hard part by compiling your documents and sorting your car. Now, you can complete a few easy steps to get same-day approval for title pawns.

The steps are as follows:

1. Complete the online form found on this website. It takes less than five minutes. You will need to provide your full name, zip code, email address, phone number, and vehicle details (year, make, and model). 
2. Once we receive your request, we will give you a call to discuss title pawns in Alabama, their requirements, and the process. Feel free to ask us any questions; we want you to be fully informed before moving on to the next stages.
3. After the call, head to your nearest Alabama store location with the required items. Upon arrival, we will sit down and verify your vehicle title pawn documents, ensuring that your name matches and your title is lien-free.
4. After that, we will inspect your vehicle to establish how much you can borrow. We'll consider factors that we discussed above. This whole process will take less than 30 minutes.
5. Provided you are happy with the amount we can offer you, we'll help you complete the easy paperwork. You will receive the amount you qualified for later that day or by the next business day.

Get A Title Pawn From Alabama Title Loans, Inc. – Borrow Up To $15,000 Today!

Get approved for a title pawn in Alabama with our simple requirements. At Alabama Title Loans, Inc., you will just need a state-issued photo ID, a lien-free vehicle title, and a vehicle for inspection. As long as you have them, you can apply and get approved in 30 minutes.

Ready to get title pawn cash for financial emergencies? Submit your information through our online title loan form, and we will contact you shortly. Visit us in person to get approved and receive your emergency cash within one business day!

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