Can I Still Drive My Car If I Get A Car Title Loan In Texas?
Worried about losing access to your car when applying for a car title loan in Texas? Good news! You can keep driving your vehicle while paying back the loan. This guide explains everything you need to know about title loans and how they work.
Wondering About Your Vehicle And Your Loan? Check Out This Guide
Can I Really Keep My Vehicle If I Get A Car Title Loan?
As we said, you can keep your vehicle when you get a car title loan in Texas. When you come to Texas Car Title and Payday Loan Services, Inc., we won’t keep your vehicle while you are repaying the loan. The whole thing with a car title loan is that you are using your vehicle’s title as collateral – not the vehicle itself. So if you do get approved for the loan, you can keep your vehicle.
That being said, we do not approve of the title to just any vehicle being used as collateral. If you were planning on using your trailer, motorcycle, or boat, the truth is you can’t use the title to any of those vehicles with us. We do not allow those vehicles for this kind of loan. We do, however, allow you to use cars, minivans, pick-up trucks, or SUVs for this loan. Just make sure the title is in your name and lien-free before you come in.
What Does A Lien-Free Title Mean?
In some cases, you might not be able to use your car for the loan. If your title is damaged or has incorrect information on it, it cannot be used to take out a title loan. Similarly, if your car has a lien on it or if you’re still making payments on it, then we will not work with you. Before taking out a title loan, make sure that you have these debts taken care of.
When we say “lien-free”, we mean that your title is free of any outstanding liens or judgments. This means that you will need to finish paying off your vehicle and any liens that are currently on your title. If you don’t know if your title is clear, you’ll have to go to your DMV and find out. You’ll also need to make sure your title is in your name. If it isn’t, transfer it before you come see us.
When to Consider a Title Loan In Texas?
Now that you know you can still drive while taking out a car title loan in Texas, it’s important to consider when it’s the right time for you to get a title loan. Title loans are not a wise idea for making large, frivolous purchases. If there’s something you really want to buy, it’s better to budget for it or borrow money from friends and family.
On the other hand, if you’re struggling with a medical emergency, emergency travel expenses, or the need for major repairs, a car title loan might be a good choice to get the cash you need on hand. If your insurance isn’t covering your medical bills or repairs, it can leave you with massive bills to pay that you just don’t have the money for. In this situation, getting a title loan could help you out.
How to Apply for a Car Title Loan in Texas
Applying for a vehicle title loan is simple and fast. Follow these steps:
- Submit the Online Form: Fill out your details to start the process.
- Vehicle Inspection: Bring your car, lien-free title, and government-issued ID to a nearby location.
- Approval Process: After a quick assessment, find out if you qualify. If approved, receive up to $15,000 either the same day or the next business day!
Required Items for a Title Loan:
- Lien-free vehicle title in your name.
- Government-issued ID (Texas driver’s license or state ID).
- Your vehicle for inspection.
Why Choose Texas Car Title and Payday Loan Services, Inc.?
Here’s why thousands of Texans rely on us for title loans:
- Fast Approval: Get approved in as little as 30 minutes.
- Keep Your Car: Drive your vehicle while repaying the loan.
- Flexible Amounts: Borrow up to $15,000 based on your vehicle's value.
- Bad Credit? No Problem: Credit scores are not a factor in our approval process.
Get the Cash You Need Without Giving Up Your Car!
A car title loan can provide the financial relief you need while allowing you to keep driving your vehicle. Whether it’s for medical emergencies, repairs, or other urgent expenses, we’re here to help.
Start your application today! Fill out the online form or call us to get started. Let Texas Car Title and Payday Loan Services, Inc. guide you through the process and help you access fast cash when you need it most.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.