Need emergency cash but your car’s title is registered in another state? You’re not alone, understanding what steps to take to acquire the funds you need for your emergency is important.
Key Takeaways
- It is possible to get a car title loan even if your vehicle’s title is registered in a different state, provided you can prove residency in the state where you are applying for the loan.
- The title loan process requires gathering essential documents such as a clear vehicle title, valid driver’s license or state ID, proof of residency, and proof of income.
- Registering your vehicle in your new state within the required timeframe is important to comply with state laws, and may be needed to qualify for a title loan in some states.
- Car title loans often come with higher interest rates compared to traditional loans, it is crucial you make timely monthly payments to avoid repossession of your vehicle.
What is a Car Title Loan?
A car title loan is a type of secured loan that allows you to borrow money by using your car’s title as collateral. This option is particularly useful for those who need fast cash and have a clear title to their vehicle. Car title loans provide quick access to emergency cash, often featuring a simple application process and fast approval.
Is It Possible to Get a Title Loan With an Out of State Title?
The car title loan process usually involves submitting a loan request form, either online or over the phone, followed by verification of your documents.2 Online car title loans make it convenient to apply from home.
Yes, even if you recently moved to a new state but your vehicle is still registered in your old one, you can still use your out-of-state title to secure a title loan. With a bit of preparation and an understanding of the process, you can navigate the requirements smoothly and access the funds you need. One of the keys is proving that you currently reside in the state where you’re applying for the loan and demonstrating clear ownership of the vehicle.
What Is an Out of State Title?
An out-of-state title refers to a vehicle title issued by a state different from where you currently reside. For instance, if you relocated for work or personal reasons but haven’t updated your vehicle’s registration, your car’s title remains tied to your former state. This can present unique challenges when applying for a title loan, but they are not impossible.
Out of state titles can still be used to secure a title loan, but the process may involve additional documentation and verification to prove residency and comply with state laws. It’s crucial to understand the regulations regarding out of state titles in your current state and the state where your vehicle is registered. Consulting with a title loan agent can help clarify your options.
How to Get a Title Loan With an Out of State Vehicle Title
If your car’s title is registered in a different state than where you currently live, don’t worry—you can still get a title loan. Follow these simple steps to navigate the process and secure the funds you need.
Step 1: Research State Requirements
Each state has its own laws and rules for title loans, especially when it involves an out-of-state title. Look up the requirements in your current state. Pay attention to:
- Proof of residency requirements
- Title transfer regulations
- Necessary documents
Knowing the rules ahead of time will make the process much smoother.
Step 2: Gather Important Documents
Compile all the paperwork you’ll need to apply. This usually includes:
- Your vehicle’s title (must be lien-free and in your name)
- A valid photo ID (driver’s license or state-issued ID)
- Proof of residency (utility bills, lease agreement, or bank statements)
- Proof of income (pay stubs, tax returns, or other steady income documentation)
Having these ready upfront saves time and avoids delays.
Step 3: Understand Title Transfer Requirements
If your vehicle title is from a different state, you may need to transfer it to your current state. Some states make this a requirement before processing the loan. Visit your local DMV or as the lender you are working with to see what their policy is.
Step 4: Submit Your Application
Once you’ve gathered the necessary documents and understand the local requirements, it’s time to apply. Most lenders offer convenient online applications. Fill out the form accurately, and ensure all details match your supporting documents.
Step 5: Vehicle Inspection
Lenders typically need to verify the condition and value of your car. This can be done in two ways:
- In-person inspection: Bring your car to a designated location for an assessment.
- Virtual inspection: Take clear photos of your vehicle, including the interior, exterior, odometer, and VIN, and submit them online.
The inspection helps determine your loan amount.
Step 6: Wait for Approval
After submitting your application and completing the inspection, wait for the lender to review and approve your loan. The review process is usually quick, and funds can be disbursed usually the same business day or within 24-48 hours in most cases.2
Key Considerations
Prove Your Residency
If you’re applying in a state where your car isn’t registered, you’ll need to prove that you live there. Acceptable proof includes utility bills, lease agreements, or government-issued IDs showing your current address.
Show Proof of Income
You don’t need a traditional job to qualify, but you must demonstrate that you can repay the loan. Commonly accepted income sources include:
Confirm Your Vehicle Qualifies
Your car must be lien-free, meaning there are no outstanding loans on it. Its value will also play a major role in determining your loan amount.
Car Title Loans and Interest Rates
Car title loans often carry higher interest rates compared to traditional loans.4 The interest rate depends on the lender, the value of your vehicle, and your credit score. Some title lenders offer flexible repayment terms and competitive interest rates, so shopping around and comparing options is important.
Using a title loan calculator can help estimate your monthly payments and the total interest costs over the life of the loan. Making timely monthly payments is crucial to avoid late fees, prepayment penalties, and potential repossession of your vehicle.
Registering a Vehicle In a New State
If you’ve recently moved, registering your vehicle in your new state is an important step. Registration typically involves submitting an application form online or in person at your local DMV or motor vehicle office, providing proof of residency such as utility bills or rental agreements, and paying a registration fee.
You usually have a grace period of 20 to 90 days, depending on state laws, to register your car after moving. Updating your vehicle registration and obtaining a new state car title helps you avoid penalties and ensures you can apply for a title loan without complications.
Contact your local DMV for specific information on the registration process and requirements in your new state.
Loan Options In a Different State
If you need a loan in a different state, title loans and other secured loans are options to consider. Title loans are available in most states, but laws and regulations regarding title loans vary widely.
Researching and comparing title lenders in your state can help you find the best option. Many lenders offer online applications and fast approval, allowing you to apply online and receive loan proceeds quickly.
Before signing a loan agreement, carefully review the interest rates, loan terms, and repayment conditions to ensure the loan fits your financial situation.
In Summary
Getting an out of state title loan is possible with preparation. Research your state’s rules, gather your documents, and ensure your car meets all requirements. By staying organized and understanding the process, you can secure the funds you need quickly and confidently.
Remember to research local laws, consider registering your vehicle in your new state if required, and work with reputable title loan lenders who offer transparent loan terms. With the right approach, an out of state title loan can provide the fast cash you need while allowing you to keep driving your vehicle.
If you are in need of an auto title loan and find yourself living in a new state, contact us with no obligation to see what options are available.
Frequently Asked Questions
Alternatives to Out of State Title Loan
If you haven’t transferred your car’s title to your new state yet, and are looking for alternatives to title loans on an out-of-state vehicle, here are some options to consider:
- Payday Loans
- Unsecured Loans
- Installment Loans
- Credit Card Cash Advances
Can I Get a Title Loan Even With Bad Credit?
Yes, you can often get a title loan even if you have bad credit. Unlike traditional loans, title loans primarily rely on the value of your vehicle and your ability to repay the loan rather than your credit score.
This makes title loans accessible to many borrowers who may not qualify for conventional financing. However, keep in mind that interest rates on title loans can be higher, so it’s important to review the loan terms carefully before proceeding.
What Would Stop You from Getting a Title Loan?
Several factors could prevent you from getting a title loan, including:
- Not having a clear vehicle title in your name
- Your vehicle not meeting the lender’s minimum value requirements.
- Inability to prove residency in the state where you are applying.
- Failure to provide sufficient proof of income or ability to repay the loan.
- Not having a valid driver’s license or government-issued ID.
- Outstanding legal or registration issues with your vehicle.
Ensuring you meet these criteria before applying can help improve your chances of approval.
Can I Get a Title Loan If I am Visiting the State?
Getting a title loan while visiting a state where you do not reside can be challenging. Most title loan companies require you to prove residency in the same state where you are applying for the loan. This means you would need to provide documents such as utility bills, lease agreements, or mortgage statements that show your current address in that state.
Without proof of residency, lenders are unlikely to approve your application. If you are only visiting temporarily, you may want to consider other loan options or wait until you establish residency before applying for a title loan.
What Happens If I Fail to Make My Loan Payments?
If you fail to make your monthly payments on a title loan, the lender has the right to repossess your vehicle since the loan is secured by your car’s title. Repossession can have serious consequences, including damage to your credit score and loss of your vehicle. To avoid repossession, it is important to make timely loan payments as outlined in your car title loan agreement.4 If you encounter difficulties making payments, contact your lender immediately to discuss possible solutions such as payment extensions or refinancing.
Written by
Bryan Solis
Bryan Solis brings over a decade of expertise in the lending industry, specializing in auto finance, personal loans, and car title loans, with experience in both prime and subprime lending. Leveraging his academic foundation in Business Administration, he has played a role in in the growth of start-ups as well as driving sustained success in established organizations. Currently serving as Head of Sales at 5 Star Loans, he has demonstrated exceptional skills in operational leadership and client relationship management, contributing to the company’s success.
