Do you know you can get an online title loan without inspecting your vehicle? Not only that, but you can get same day funding in AZ for title loans that don't require a car! These types of loans are possible because secured loans don't need to take possession of the vehicle. They will use your car's equity as collateral and you sign over the car's title to them as security for the loan.
Even though these types of loans are possible and you can get cash quickly, there are some situations where you may not be approved for title loans without the car. That's because finance companies typically want to inspect your vehicle and ensure it's as described. Lenders feel more confident loaning out cash when they can physically see the car and make sure it runs and check it out for damage or other imperfections that would lower the resale value.
What's Needed For Title Loans Without An Inspection
The requirements for a title loan with no inspection are that you have a clear title to your vehicle and you can repay the loan. Since these loans don't always require the car to be inspected, you may be asked to provide extra documents to underwrite the loan and prove the vehicle exists. Those underwriting requirements may include a photo of the car or a bill of sale from ADOT. Besides paperwork or info showing your car's existence, you may need to send in valid vehicle registration, proof of insurance, and documents showing you're presently employed with a monthly income that covers the expected monthly payment.
Processing Fees And Interest Rates
The typical rates for online title loans with no inspection are higher because there is more risk involved for the lender. 
Since they can't physically inspect the vehicle, they don't have as much information to go off of when approving the loan. For that reason, title loans without an inspection often come with higher interest rates and terms that may be less favorable than what you would see with typical car title loans and unsecured personal loans.
The processing fees for online title loans without the vehicle present differ greatly from other secured loans. Expect the same types of fees for checking credit, loan processing and originating the loan documents. Consider moving on from a company that charges a pre-payment penalty or early payoff fee as this can make it very hard to pay off your loan early.
Bad Credit? No Problem With No Inspection Title Loans!
Typically, title loans without an inspection don't require a credit check, and you won't be subject to a detailed credit check when you apply. Even without a vehicle inspection, we know the main qualification for a title loan in AZ is your vehicle's value. That's why you can qualify for bad credit title loans even if you've missed some credit card payments in the past!
Disadvantages Of Auto Title Loans Without An Inspection
No inspection title loans are fast to fund, but there are a few things to note. For instance, the amount of money you can borrow will likely be less than a standard car title loan. That's not bad if you only need to borrow $1,000. But what about if you're looking for a high funding amount? In that instance, you may be better off taking the vehicle in for an inspection. Another disadvantage is with the APR. Any title loan will have high interest rates; you can count on that if the lender never sees your vehicle!
The Takeaway - Should You Get A Vehicle Title Loan Without An Inspection?
If you need cash quickly and don't mind paying a higher interest rate, title loans without an inspection could be a good option. Saving time by not dealing with the hassle of lengthy inspection can be quite worthwhile for some borrowers and it may not even be necessary if the loan underwriter is fine with pictures or video proof of your car. Just make sure you know what you're getting into and only borrow a manageable amount for you.
How To Apply For Completely Online Title Loans Without A Vehicle Present
The process for applying for title loans without an inspection from Desert Title Loans is the same as it would be for a traditional title loan, with a few minor exceptions that mostly revolve around already not showing the lender your car. Apply online or call 623-526-5001 to get a same day loan without an inspection today!
