Key Takeaways

• You can borrow up to $2,500 with a title loan in Tennessee; your car, truck, or van’s value will influence how much you can borrow.
• During an in-person inspection, we will look at your car’s make, model, age, condition, mileage, service history, and modifications to determine what it's worth.
• To get a Tennessee title loan, you will need a state-issued photo ID that displays your full name and date of birth, a lien-free vehicle title in your name, proof of income, and your vehicle for an inspection.
• You can get same-day title loans by applying online, speaking to us over the phone, getting your requirements verified in person, and signing the loan agreement.
• If title loans can't help with your financial emergency, you can consider payday loans and flex loans as title loan alternatives.

When thinking about taking out a title loan in Tennessee, it's normal to consider the amount you can actually receive. After all, you need to know whether it will cover the cost of your emergency. With Tennessee title loans, you can borrow up to $2,500.

With that in mind, this from Tennessee Title Loans, Inc. explores the factors that affect how much you can borrow with title loans in Tennessee, before diving into what you need to get one, how to get one, and a few alternatives for when title loans aren't right for you.

How Much Can You Get From Title Loans In Tennessee?

Here at Tennessee Title Loans, Inc., our lending limit runs between $300 and $2,500 for title loans. This is enough to cover minor to semi-severe emergencies, such as medical bills, veterinary treatment, home repairs, and car breakdowns.

However, not everyone will get approved for $2,500, since it is the maximum lending amount. How much you can borrow from a Tennessee title loan depends on your vehicle’s value. The more your vehicle is worth, the more you could potentially borrow. We will determine your vehicle’s value during an in-person inspection.

These are the factors that can affect your vehicle’s value:

• Vehicle age — Older cars typically hold less value than newer models, except for classic or vintage vehicles. Classic vehicles like a 1930 Cadillac V-16, 1968 Dodge Charger, and 1903 Cadillac Model A will retain value despite their age.
• Vehicle make and model — Some car makes and models are more valuable than others, thus can affect your title loan amount. For example, a Toyota Corolla is worth less than a Mercedes GLE.
• Odometer reading — We assess mileage according to your vehicle's age. In the U.S., the average annual mileage is between 10,000 and 12,000 miles. A three-year-old car with 60,000 miles is viewed as high mileage, which may lower its value.
• Service history — Cars with complete service histories generally command higher prices than those with gaps in their records. This suggests they have been well-maintained, which lowers the risk of significant problems developing soon.
• Condition — We assess both the cosmetic and mechanical condition of your vehicle. Problems like stained interiors, transmission issues, steering column damage, cracked tires, dents, and scratches all decrease its value.
• Modifications — Modifications like spoilers, exhausts, custom paint, decals, wraps, lift kits, and more might lower your vehicle's perceived value to others. Not everyone will see the same value in these changes, so make sure you remove as many of them as possible before the inspection.

Note: Lending limits and vehicle value factors may vary from lender to lender.

What You Need To Get A Title Loan In Tennessee

If your vehicle has retained enough value, you can get approved for a $2,500 title loan in Tennessee as long as you meet our requirements. Keep in mind, you must own your vehicle outright to qualify. You don’t need a good credit score to qualify, but we may conduct a soft credit check to verify your score.

Here are the required items for title loans in Tennessee:

• Identification — We accept state-issued identification that displays your legal name, date of birth, and portrait photograph. This includes your driver's license, student ID card, military service member's ID card, or passport. You must be at least 18 years of age to get a title loan in Tennessee.
• Proof of income — As previously mentioned, you do not need to have a great credit score to gain approval. However, we still need to ensure you can afford to repay the loan. That said, you don’t need to have a salaried job to prove your income. We accept alternative income, such as unemployment, SSI/SSDI benefits, alimony, side hustle income, etc. This only applies to title loans, not flex loans or payday loans.
• Lien-free title — You need to own your vehicle outright without any outstanding liens or judgments. To prove this, you must supply your lien-free title. We place a lien on your title to secure the loan, something we can't do if there is already one in place. Make sure the lien is in your name before requesting a title loan. If it isn't, you will need to head to your local DMV office to request a title transfer.
• Vehicle —Your vehicle (car, truck, or van) determines how much you can borrow. The more it's worth, the more you can borrow. To qualify for a $2,500 title loan in Tennessee, your vehicle will need to be worth at least $2,500. 

How To Get Title Loans In Tennessee

Once you have all the requirements listed above, it's time to go through the title loan process. Unlike traditional loans, it isn't an arduous or long process; instead, you'll move through each step quickly and efficiently, helping you get the money you need as fast as possible. You can apply online, get approved in person in less than 30 minutes, and potentially receive same-day cash for emergencies.

The title loan steps are as follows:

1. Complete the online form found on this website; just make sure you select the right loan type before filling it out
2. Wait for one of our friendly representatives to give you a call to discuss the process, ensure you have everything you need to qualify, and answer any questions
3. Head to your nearest Tennessee branch with the required items for verification 
4. We will conduct a quick inspection to find out how much you qualify for
5. If approved, we will help you finalize the paperwork
6. You will receive the amount you qualified for later the same day or by the next business day

Title Loan Alternatives – Other Emergency Financing Options

Whether you need to borrow more than the $2,500 limit to fund your emergencies or don't own a vehicle outright, a title loan may not be the best option for you. There are alternatives that allow you to access either more cash than title loans or without needing collateral. 

You can find the following two title loan alternatives here at Tennessee Title Loans Inc.:

• Payday loans — Payday loans in Tennessee are short-term loans designed to help you with minor emergencies. Our lending limits range from $100 to $400, provided you can prove your income. You can get approved with a state-issued photo ID, your most recent pay stub, and a checking account.
• Flex loans — Otherwise known as line of credit loans, give you access to money "on demand." You can draw up to our maximum limit of $4,000 for a set period, ensuring you repay only the amounts you actually use (plus interest). Once you repay the borrowed funds, the amount is available again for you to borrow from. You will need a state-issued photo ID, proof of income, a lien-free vehicle title in your name, and your vehicle for an inspection to get a flex loan in Tennessee.

Borrow Up To $2,500 With Tennessee Title Loans Today!

You can borrow up to $2,500 with title loans in Tennessee, provided you have identification, proof of income, a car, truck, or van, and a lien-free title in your name. The process is simple and stress-free, helping you get the money you need as quickly as possible. You can get approved for bad credit title loans, and you get to keep your vehicle during repayment.

Ready to get fast financial relief? Apply with our secure online title loan form, and we will call you soon to explain how the process works.

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