Apply For A Same Day Auto Title Loan In Virginia

When you need cash fast, a title loan is one option for someone with a vehicle with enough equity to use as collateral. Same day title loans are now available in Virginia, and you can apply online or over the phone at 844-567-5011 with Car Title Loans 123. Borrow up to $20,000 with your car as collateral, regardless of your credit history or repayment term. Most people can get cash in 24 hours or less with little paperwork required other than your vehicle's title and proof of income!

If you're considering a car title loan in Virginia, here's what you need to know. First, a car title loan company holds your pink slip as collateral. That means you sign over the car's title to your lender, and they keep that until the loan is fully repaid. Second, title loans will often have a high APR. This is because they are considered high-risk loans. Third, these short term loans can be paid off over a few months to three year.  Of course, you can pre-pay the loan quickly with no extra charges to save money on interest and lending fees.

What Are The Requirements For Auto Title Loans In Virginia?

The requirements for title loans in Virginia are pretty simple. You must have a valid state ID, have a car that's completely paid off and show proof of income.

The main requirement from a lender will be your car's title, of course. This secures the money you borrow, and there's little chance you will qualify without a lien free title. Additional requirements may include proof of vehicle insurance and registration, and there's a decent chance your lender will request a vehicle inspection to verify the vehicle's current resale value. During the inspection, your lender will confirm the VIN and mileage, and they'll want to verify your vehicle's mechanical and cosmetic condition.  Once the loan is approved and the documents are signed, you will give your lender the car title, and they hold that document until the lending obligation is satisfied.

Do I Need Good Credit For Online Car Title Loans in VA

Of course not! These loans are designed for people in cities like Virginia Beach or Arlington who may have had credit issues. We all know that Virginia has one of the top economies in the country, but that doesn't mean that people can always pay their bills on time! While some finance companies will run a credit check, this is only done to identify outstanding loans in your name. They are probably not looking at your credit score, and a few missed payments should not affect whether you can qualify. With a title loan, your lender mostly cares about your ability to repay the loan, and they have the security of knowing there's collateral backing up the funded amount.

Repayment Terms & Loan Amounts For Virginia Title Loans

The average title loan repayment term is 16 months. However, you're generally given a wide range of time to repay your loan. Consider that a lender will allow you to pay off the loan between 6 months and four years, with the option to pay off the loan at any time without a prepayment penalty.

Funding from an auto title loan, boat title loan, or any other type of vehicle is based on the current equity value in VA. The average loan amount in the state is currently $2,000, but some companies will offer higher funding amounts for specific cars and trucks.

 Benefits of Car Title Loans

Car title loans are great for anyone in Virginia struggling to get approved for a typical unsecured loan. You can borrow much more than what's typical with a personal loan lender, and you should have more time to repay the loan.

Also, you don't need to deal with the lengthy credit checks and underwriting requirements common with a bank loan. Your lender will determine the funding amount primarily based on the vehicle's collateral, and you can get approved and funded for a title loan in less than 24 hours.

Another benefit of a title loan is that you can repay your title loan balance at any time. So, even if you sign off on a lending contract for 3 years, there's nothing preventing you from paying off that entire balance at any time. Not only will you get your car's title back, but you'll save thousands in interest charges over the life of the loan.

Apply With Car Title Loans 123 In VA!

It's easy and hassle-free to apply for a car title loan in Virginia. Complete the Car Title Loans 123 online application or call 844-567-5011, and you'll get a pre-approval notification in less than three minutes. Would you rather meet with a local company in Roanoke or Richmond? Car Title Loans 123 can help you connect with a local company anywhere in VA!

We only need your vehicle's make, model, and year to get you a quote, and anyone can qualify with just the equity from their car with loan amounts of $2,500 or more. We'll work to get you the best terms and loan amount for your car!