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    ada gregory's Avatar
    ada gregory Posts: 1, Reputation: 1
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    #1

    Mar 16, 2012, 10:58 AM
    Do I have to have the car for a title loan?
    I want to get a title loan but currently my car is being fixed. Do I have to have it for inspection to get loan?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Mar 16, 2012, 11:03 AM
    You need the title for the loan... they will either hold the title or put a lien on the title, in which case you will get a new title with the lien recorded... but since payday loans / or Title loans are really legalized loansharking... they would most likely hold onto them.

    You typically use your registration to get a vehicle inspection... not the title. That's been the case in the three states I've lived in. But assuming you mean inspected by the Loan place... I would assume yes... they would need to see it to place a value on it... which would determine if and how much they would be willing to loan you..

    However, give them a call... they could give you an answer pretty quick.
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