Max Cash Title Loans in Centreville, Virginia

How Do Auto Title Loans Work in Centreville, Virginia?

An auto title loan is a secured loan with a lien on your vehicle’s title. This allows you to get the funding you need but also use your vehicle as you would normally. The amount of money you receive will depend on the overall value of your vehicle (make, model, year, mileage) and how you will be able to pay the loan back.

What Do I Need to Provide for an Auto Title Loan in Centreville, Virginia?

Once you are pre-approved, to complete the application process you will be asked to provide some documents and photos to help see how much your vehicle is worth, and if you are qualified for an auto title loan.  This is what we will ask to see:

• Government Issued Photo ID
• Social Security Card (You may also provide a document that contains both your Social Security number and name)
• Free and Clean Title
• Vehicle Insurance
• Photos of your vehicle (Include all 4 sides, VIN, and odometer)
• Proof of Residence
• Proof of Income
• A few references (Personal and/or professional)

What is the Process to Get an Auto Title Loan in Centreville, Virginia?

Complete the pre-approval application, regardless of credit, and submit. You will be asked to provide a few documents, as previously mentioned, and upload them online. From here, Max Cash Title Loans representatives will try to help set you up with the right lender. ⁵ Many of our lenders offer low payments and competitive interest rates.⁴ Upon approval, your lender will ask you to sign a loan agreement and get the funds! ^{1 2 5}

How Do Lenders Value My Vehicle for an Auto Title Loan in Centreville, Virginia?

Lenders will want to know what is referred to as standard information about your vehicle and enhanced information about your vehicle. Standard information refers to the vehicle’s make, mileage, model, and year. Enhanced information is options your vehicle may have (sunroof, leather interiors, etc), your vehicle’s engine size, color, edition, and condition.

To figure out the current market value of your vehicle, a lender will consult one of the following programs: Kelly Blue Book, Black Book, or software of their own.

What does not get taken into consideration is aftermarket products that may harm the value, if you consider the vehicle to be a “classic” when it has not been determined as such, and any sentimental value you may hold towards the vehicle.

How Are Payments Made for an Auto Title Loan in Centreville, Virginia?

Your means of payment will rely on your lender’s preference. For convenience, many larger lending companies have websites with customer portals that allow you to keep track of your balance and make payments.

Occasionally, some lenders prefer payments to be made in person at their location. You may also ask your lender if Western Union is an option if you are someone that prefers to make payments in cash. Just talk to your lender, they will want to make it as easy as possible for you to make your payments.

Do I Get to Keep My Vehicle While I Pay Back My Auto Title Loan in Centreville, Virginia?

Yes! Your lender holds your vehicle’s title as you pay your auto title loan back, the lien is then released upon the completion of paying off the loan. So while the title is no longer in your name, your vehicle is still yours to use as you regularly would.

After you have finished the repayment of your auto title loan, the lender will provide you with a release. You may attach this lease to your title to show that you are once again in ownership or you have the option to mail it to your Secretary of State to receive a fresh vehicle title without the lender on it.

Contact Max Title Loans in Centreville, Virginia to Get Your Auto Title Loan Today!