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  • Writer's pictureJessie



We all get into tight spots when we are short of cash, and then there are those occasions when we need money for unforeseen but essential expenditure. The problems arise when the bank will take too long to approve the loan – or may not approve it all – so what is the alternative? If you own a car you may be entitled to apply for online auto title loans, which are a quick and convenient method of getting a loan, using the car as collateral. There are certain criteria that need to be met, of course, and we will discuss these later, but first let’s answer the questions: what are title loans, and how do auto title loans work?

Auto title loans are loans that are borrowed by the owner of the vehicle, with the car becoming the collateral security for the loan. In other words, although the car remains in the possession of the owner, until the loan is repaid the loan company retains interest in the vehicle. In fact, borrower converts equity in the vehicle into cash with no interruption to their daily vehicle usage.

How do you know if you qualify for auto title loans? To be successful in your application you must fit all the criteria laid down by the loans company, yet most are quite simple. For a start, you must be the owner of the car and for most loans companies it will need to be a model from 2010 and up. The vehicle also needs to show less than 210,000km on its odometer, and must be fully paid for and in the applicants name. The Vehicle is required to be fully paid for and carry full coverage insurance policy. Those are the criteria for the car, now for the applicant.

The vehicle owner will need to be at least 18 years of age and to be able to provide proof of identity; this will be in the form of utility bill from the registered address, plus a valid driver’s license and bank statements, and that the vehicle is correctly registered and fully insured. Also, the loans company may require pictures of the vehicle. Your loan company will, should the loan be approved, keep an extra key to the vehicle in a secure location for the duration of the loan.

The application process is simple: you get in touch via a simple online form and wait for the company to approve your application and get in touch. Most of the process is done over the phone and online. Your vehicle will then be inspected by a company representative to estimate its value for a loan, and once agreed, the money should be transferred to the vehicle owner very quickly. This painless and fast method of taking out loans on vehicles is becoming more popular, and is an excellent boost for those who are car equity rich but cash poor.

For a quick loan for bad or good credit, car equity loan is fast and secure. If you happen to own a vehicle that meets the requirements you can continue driving it while the loan is in place.


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