Borrowers Must-Know Tips For Getting Loans Against A Car Title

March 1, 2022 | Mason Roberts

man got a loan against a car title

Loans against car title may sound like a reasonable idea to consider when you’re facing an emergency. However, before getting one, it’s always a good idea to educate yourself first. In this post, we’ve come up with useful must-know tips for getting loans against a car title. So, keep on reading to learn important things about this type of loan which will help the process run smoothly for you.

5 Tips for Getting Loans Against Your Car's Title

1. Make Sure Your Car Title Is Lien-Free

To qualify for a Georgia title pawn, you need to have a title. Everyone knows that. What everyone doesn’t know is that the title must be lien-free as well. A lien-free title does not have any debts against it, meaning the vehicle is completely paid off and is owned by you. If your title is not lien-free, it will not be eligible to use for a title pawn.

Unfortunately, there is no quick fix to this issue. The only way to use the title is to make sure all of the liens are removed first.

2. Make Sure The Title Is In Your Name

In addition to being lien-free, the title also has to be in your name, as it appears on your driver’s license. If the title is lien-free and in your name, it can be used for a title pawn. If it is not in your name, you will need to get it transferred to your name before you start the process.

Luckily, getting your title transferred into your name is a lot easier than paying off any loans. Head over to your local DMV to get the title transferred before you apply for a title pawn.

3. Only Select Reputable Lenders

Making sure you have the minimum requirements for a title pawn is only half the battle. You also have to make sure you select a reputable lender that you can trust. Never select a lender that is not upfront or honest or that has many bad reviews about dishonesty and shady behavior.

Instead, look for lenders that are upfront about their fees and agreements. Additionally, seek out lenders that are willing to answer any question you may have to ensure you have the best information at hand for making this financial decision.

4. Talk To The Lender Beforehand

Speaking of asking lenders questions, it’s a great idea to talk to the lender directly before making your final decision. Talking to the lender will allow you to get a feel of their professionalism and personality. It also gives you a chance to ask any questions before you apply.

woman applying for a loan against the car title over the phone

5. Read The Fine Print

This may seem like an obvious tip, but it’s one that many people overlook. If you agree to a title pawn, make sure you read the fine print before signing any documents. After you sign the document, it will not matter whether or not you misunderstood the agreement. You are still required to meet the terms of the agreement.

If you have any questions about what the fine print is telling you, ask the lender directly. Don’t be afraid to really speak up for yourself and dig into any questions that may arise. Only agree to a title pawn once you have done this.

How To Apply For Auto Pawns

Since you are looking up tips for getting an auto loan, we assume that you are quite confident about applying for one. However, you might not know where to apply or how the process will go. Here at Georgia Auto Pawn, Inc., we offer title pawns worth up to $15,000. This is what the process will look like whenever you apply with us:

  1. Fill out the quick inquiry form. This is not the application, but it will begin the line of communication between us and you.
  2. Answer the phone whenever the closest storefront location gives you a call.
  3. Set up an appointment so that you can apply for an auto pawn from Georgia Auto Pawn, Inc.
  4. Bring all of your required items to this meeting--either at the store or a location you choose.
  5. Wait for the loan representative to check your documents and inspect your vehicle.
  6. If approved, you can get the money as soon as the same day or the next business day.

We understand that it can be difficult to fit getting your vehicle evaluated into your busy schedule. For this reason, the in-person process at Georgia Auto Pawn, Inc. can take as little as 30 minutes to complete. This means that you can hopefully fit us into your lunch break.

young woman got a loan against the car title

Apply For Title Pawns Today!

If you are unsure whether or not to pursue an auto title pawn, take into consideration the tips above to make sure you are ready for the loan and make the best decision for your situation. In case you still decide to get an online title pawn, fill out the Georgia Auto Pawn, Inc. inquiry form to get started. We will get back to you shortly!