Car title loans in Salem, VA

Car title loans are legal in Virginia from lenders licensed under Chapter 22 of Title 6.2. You can start online; the lender will need to see the car and a lien-free (or nearly paid-off) title in your name.

No more than $2,500, and a lender may not have you owe it more than $2,500 in principal at any time. The vehicle may not already have a lien on it. Most lenders lend a percentage of the car's wholesale value.

Except for fraud or voluntary surrender, the lender may not take the vehicle until you are in default. If it does not mail you a written default notice at least 10 days before repossessing (and you then fail to pay), it may not charge you repossession and sale costs, and it may not repossess before the date stated in the notice. At least 15 days before a sale it must tell you the sale date and the redemption amount, and you may redeem the vehicle any time before the sale. Interest stops accruing once the vehicle is repossessed, or 60 days after a missed payment (unless you are hiding the vehicle). The lender generally may not sue you personally; its remedy is the vehicle.

Often, yes. Some lenders let you refinance an existing title loan into a new loan with a different payment amount or term, and a new lender may be able to pay off your current one. Options depend on your vehicle's value, your income and Virginia rules. Enter your details on our form to see what lenders in our network can offer you. It takes about 3 minutes.

Yes. Many title lenders let you start and complete most of the process online. You enter your vehicle and income details, then upload photos of your car, title and ID instead of visiting a store. Some lenders may still ask for a quick in-person inspection. Funds are usually sent to your bank account. Start your Salem title loan request in about 3 minutes.

You generally need the title, because it's what secures the loan. If your title is lost, you can request a duplicate from the Virginia motor vehicle agency, and some lenders can help with that step. If the title isn't in your name, it will need to be transferred first. Once you have it, Salem drivers can start a title loan request online in about 3 minutes.

The amount depends mainly on your vehicle's value, along with your income and Virginia rules. Lenders typically offer a portion of what your car is worth, so newer vehicles with lower mileage usually qualify for more. You'll see the exact amount and terms before signing. Enter your vehicle's details on our form to see what lenders may offer. It takes about 3 minutes.

Sometimes. If you still owe money on your car, some lenders may approve a title loan based on your equity, meaning the car's value minus what you owe. Others require a title that's fully paid off and in your name. Because policies vary, enter your vehicle and current loan details on our form, and lenders serving Virginia will tell you what they can offer.

No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.