woman with car keys and cash from Tennessee collateral loan

What Vehicle Titles Can You Use For A Tennessee Collateral Loan?

Getting a Tennessee collateral loan from Tennessee Title Loans, Inc. is quick and easy. But have you ever wondered what kind of vehicle title you can use to do so? If your answer is yes, you’ve come to the right place!

This article will show you what vehicle titles you can use as collateral and how to prepare them for the process!

What Vehicle Titles Can You Use For A Collateral Loan?

You can use many different vehicle titles for a collateral loan, including titles for cars, high-end motorcycles, trucks, and vans.

The most important thing to remember is that the title must be lien-free and registered in your name. If that's the case, you can use that to get a collateral loan.

As the name suggests, the purpose of that vehicle title is to serve as collateral to secure any money you borrow. It’s important to understand that because it means the vehicle isn’t the collateral but its title.

The amount you qualify to borrow will depend on the vehicle’s value. However, the car stays with you after a quick inspection by one of our representatives to assess its value.

Once the inspection is done, you can drive that vehicle with you and continue using it daily as usual.

car and cash from Tennessee collateral loan

What Is A Lien-Free Title?

A lien-free vehicle title is often known as a ‘clear’ title, meaning it’s free from any outstanding loans and judgments. That is a crucial requirement when using it as collateral to get a collateral loan.

What If The Title Isn’t Registered In My Name?

Besides being lien-free and ‘clear,’ that title must also be registered in your name. As such, it indicates that you are the vehicle owner being used.

Suppose that’s not the case; the title is in someone else’s name. In that case, you can only use it to get a collateral loan after visiting your local DMV office. There, you can have the title transferred to your name before using it to get a loan.

As soon as that process is complete, you can get a collateral loan using the title as collateral.

Who Can I Speak To For More Clarification?

Having questions or concerns is normal when trying to get a collateral loan. If that happens, you have several options to find clarification, which are:

  • This website: Firstly, browse this website to find all the information you need to get a collateral loan.
  • Blog articles: Another helpful resource is our blog and its articles. Read through them to learn more about loans, how to get them, and any other topic you might need clarification on.
  • FAQ page: Alternatively, you can visit the title loans FAQ page, where frequently asked questions are answered.
  • Representative: Remember that the representative you work with is there to help you. So, ask them any questions you might have during your interactions with them or call a store location to speak to one. They’ll be more than happy to help you out.

Overall, the most important thing to remember is that there are plenty of resources to ensure you get your collateral loan with total peace of mind.

How Do I Use My Vehicle Title To Get A Loan?

When you have your vehicle title ready to get a loan, here are the steps you’ll take:

Step 1: Get In Touch

You can take the first step by contacting us about your loan by filling out the online form with your basic information, including your name, phone number, and ZIP code.

You’ll also need to provide details about your vehicle, such as its make, model, and year.

Step 2: Wait For The Callback

Next, please wait for a callback from one of our representatives. They will call soon after you submit your information.

During that call, the representative will give you a quick overview of the process, its remaining steps, and what to do next.

Finally, they’ll arrange a convenient time to meet them in person.

woman with cash and car from Tennessee title loan

Step 3: Meet The Representative

Meet the representative in person and bring any required items. They’ll take a few moments to inspect your vehicle and verify your paperwork.

Step 4: Complete The Process

Then, the representative will help you complete the process with simple paperwork.

Step 5: Get Your Emergency Cash!

Wait a few moments to find out if you’re approved. If you are, you could get paid as early as the same day or by the next business day.

Get Started With A Tennessee Collateral Loan Now!

A Tennessee collateral loan requires a vehicle title for a car, motorcycle, truck, or van. Please ensure the title is lien-free and registered in your name so you can get your loan.

You can contact Tennessee Title Loans Inc. anytime by filling out the online inquiry form and waiting for a representative to call you back. They’ll guide you every step of the way!

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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.