Can I get a title loan without my car?

I need cash quickly to cover some unforeseen bills and I want to take out a car title loan. However, my dad borrowed my car to visit his brother and won’t be back till next week. I need the cash as soon as possible. Can I get a title loan without having the car?

Answer
Yes, assuming car title loans are legal in your state, you can get a title loan without the car, but you will need to find a willing lender.
Typically, most lenders want to inspect the vehicle before offering a loan because the car acts as collateral if you fail to meet the loan terms. However, requirements vary by loan provider, and some may offer a loan just using pictures of the car. To find a willing lender and the best deal possible, shop around and compare offers from a few loan providers, Make sure you fully comprehend the terms and amount you need to repay too.
Even without the vehicle, you will likely need to provide the following:
Because the lender can repossess your vehicle if you fail to meet the loan terms, save in other areas to ensure you don’t miss any payments and lose your car. If you want to save money on car insurance, the Jerry app is a good place to start.
As a licensed broker, Jerry does all the hard work of finding cheap quotes from name-brand insurance companies. Jerry will even help you cancel your old policy!
Jack Walsh
Answered on Nov 15, 2021
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