If you’re wondering, “What’s the most I can get on a title loan?”, you’re not alone. Your title loan amount depends on your car’s value, its condition, and your ability to repay.

At Tennessee Title Loans, Inc., we make it easy to access emergency cash fast, even if your credit history isn’t perfect. Here’s a simple breakdown of what determines your maximum loan amount, and how you can get approved today.

What Affects Your Maximum Title Loan Amount

1. The Market Value Of The Vehicle

The market value of your car will depend on the following:

• Year, make, model, and trim
• Engine size and type
• Mileage
• Color
• Additional features (like performance packages, heated seats, etc.)

You can insert this information and your location into a form on a particular website and find out the range of what the vehicle is worth. The three industry-standard car value guides include Kelley Blue Book (the oldest), NADA Guides, and Edmunds (the youngest). Remember that lenders generally offer you up to 50% of the vehicle’s value.

2. The Vehicle’s Condition

To find out ‘What is the most I can get on a title loan?’, you must consider the vehicle's value and condition and adjust the matter accordingly. The condition of used cars is typically divided into four grades, excellent, good, fair, and poor.

The majority of vehicles that are being sold usually fall under the second category. But you might still be able to get a decent deal, even if the condition of your car is ‘fair.’ Remember that many lenders need more time to be ready to deal with cars in poor condition.

• ‘Excellent’ means that the vehicle looks new and needs no reconditioning. It is free of rust and has never had any body or paintwork.
• A vehicle in ‘good’ condition is free of significant defects. The body, interior, or paint might have minor blemishes, and the car may have a tiny amount of rust.
• ‘Fair’ cars have mechanical or cosmetic defects, but they are still in reasonable running condition. There can be repairable rust damage, and the tires may have to be replaced.
• Your vehicle is in ‘poor’ condition, in case it has severe cosmetic and mechanical defects. It is also in poor running condition. By the way, cars with a branded title (flood, salvage, and so on) or unsubstantiated mileage fall under this category.

3. Your Ability To Repay The Loan

If you have a brand-new car in excellent condition, it doesn’t necessarily mean the loan amount will be much higher than average. If you can’t prove that you have a stable income that will help you repay the loan, you might not qualify for a higher loan amount.

Is There A Way To Increase The Value Of Your Car?

Before searching for a title loan, please ensure your vehicle is in peak condition. 

• Deep clean the vehicle – if the car is clean and well-maintained, people might assume you also treat the engine.
• Perform cost-effective maintenance – you may qualify for a higher loan if you spend cash on changing bumpers, blinkers, or fixing buffed scratches.
• Always be kind to your vehicle – brake lightly, keep the car clean, constantly monitor tire pressure, and top up the liquids when needed. So that if you ever must use your vehicle as collateral, it is in fantastic shape.

How To Apply For A Title Loan

Getting a Tennessee title loan is simple:

1. Submit the online form on our website.
2. Wait for a call from a loan representative to schedule a meeting.
3. Bring the required items:
   • Lien-free vehicle title
   • State-issued ID
   • Your vehicle for inspection
4. Get your car inspected and learn how much you can borrow.
5. Sign the paperwork and receive emergency cash the same day or by the next business day.

You can even meet an agent at a convenient location, perfect if you’re searching for title loan places near me.

How Much Can You Get from a Title Loan?

With Tennessee Title Loans, Inc., you could get up to $2,500 based on your vehicle’s value and your ability to repay. Many applicants complete the entire process in 30 minutes or less.

Frequently Asked Questions About Title Loans

1. What’s the most I can get on a title loan?

It depends on your car’s market value, condition, and your ability to repay. Most lenders offer up to 50% of the car’s value.

2. Do I need good credit for a title loan?

No, most title loan lenders don’t require perfect credit. Your vehicle’s value serves as collateral.

3. How fast can I get emergency cash?

Many borrowers receive easy cash the same day they complete their application and vehicle inspection.

Get Your Emergency Money Today!

Now that you know how to find out ‘What is the most I can get on a title loan?’, you might want to start looking for a reputable lender willing to offer you that sum. 

Plus, the verification process may take only half an hour. We are committed to assisting you in getting the cash you need. That's why you can apply even if you have bad credit. If you happen to have bad credit check out our article, side effects of poor credit and how to get beyond it, and learn how to improve it.

Once you're ready to start your title loan, fill out the online inquiry form. One of our representatives will get back promptly.

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