How Much Can I Get For A Vehicle Title Loan Online?

Leveraging your vehicle for a vehicle title loan online is no different than applying for a loan in person in regards to the amount you’ll qualify for. But it is a whole lot simpler and more convenient. Our title loan amounts range widely based on a few key factors, including how much your vehicle is worth and how much cash you need.

It’s not confusing at all, once you understand the process. Idaho Title Loans, Inc. pulls back the curtain to show you how we calculate your loan amount and the fastest way to get your cash.

How Is A Title Loan Amount Calculated? 

When you apply for a vehicle title loan online, you will include basic information about yourself and the vehicle you intend to use as collateral. A loan specialist will review this information and determine your maximum loan amount.

In most cases, you can borrow from 25-50% of your car’s value. This figure is based on several characteristics of the vehicle:

• Make
• Model
• Year
• Condition

The value of the vehicle is estimated according to these factors provide. Before your loan application is complete, you will need to meet with the loan specialist so they can verify these details. They will also check the VIN against the title to be sure everything is in good standing.

This brings us to another point…

You must hold the title to your vehicle to get a vehicle title loan online. If you own the vehicle, you should have the title to it. Be sure to bring the title and your government-issued photo I.D. when you meet with your loan agent.

How Much Can I Get For My Car Title? 

Across the country, a high-max title loan is considered to be $10,000. Each state and lender will set their own rules about the exact amounts.

Idaho Title Loans, Inc. can provide up to $15,000 for vehicle title loans. This amount should be sufficient for one of life’s emergencies.

Set Your Own Limit

Most people will only get between $100 and $500 in title loan funds. Part of that average depends on the amount they get approved for, but the other part depends on how much the person wants to borrow.

If you only need a small loan to handle an emergency expense, there’s no need to withdraw the total amount. Taking out a loan for only the amount you need will make it easier to repay the loan when the time comes.

The Advantage Of An Online Title Loan 

The main advantage of a vehicle title loan online is that the value of your vehicle can be assessed before you ever leave home.

Here’s how…

First, you will enter the information requested online. An agent will then begin assessing your car’s value at their office. Once that is done, the agent will call you with the proposed loan terms, including an estimated amount of how much you can qualify for and what your repayment plan will be. This is based on the information you provide. 

You can either agree to their unofficial terms or propose new ones for their consideration. This is also a good time to ask questions concerning your loan.

If the two of you agree on the terms of your loan, you’ll set up a meeting for the vehicle inspection. This can be done at the agent’s home office or an off-site location convenient to you. You just need to arrange the time and place with your agent. 

At that point, all the hard work has been done. Paperwork must be signed and filed, but realistically, you’re just waiting to find out if you are approved. Most of the time, the approval process takes 30-60 minutes, but times can vary.

Of course, you can still go to any Idaho Title Loans, Inc. location to file your loan request, but this unique feature of title loans online is a major benefit for busy people.

Apply Today And Get Cash For Your Title 

Apply in person, over the phone, or online… it makes no difference to us here at Idaho Title Loans, Inc. We are happy to provide the information you need to make your decision and gather the necessary items to be eligible for a title loan.

We are proud to offer options for a vehicle title loan online because we know how inconvenient it can be to wait at a store while you have other things you’d rather be doing. We’ll work with you in every way possible to make the title loan process smooth and uncomplicated.

Once approved, you could have up to $15,000 in your bank account today or by the next business day. If you need a quick loan, consider a title loan!

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