Car Title Loans

  • Get up to $25,000 online
  • No credit checks required
  • No store visit required
  • Keep driving your car while making payments
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Won't affect your credit score

Online title loans in Delaware

Get the money you need without the hassle. Sound Financial makes applying online for a title loan in Delaware simple, safe, and secure.

Instant decisions

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Delaware rates and terms

Full transparency is our goal at Sound Financial. Get access to the interest rates and terms to help you make a sound financial decision.

Loan amount

$200 - $25,000

Repayment term

30 - 180 days

APR range

36% - 350%

* Loan amount, repayment term, and APR shown are for representative purposes only. Your actual rates and terms will be determined by your lender based on your creditwortiness and other factors.

How title loans work in Delaware

It's hard to kick back and relax on the beautiful coastal beaches of Delaware when you need fast cash to cover a surprise expense. If you need a quick loan but have a low credit score, consider applying for a title loan. Title loans are a convenient way to receive the cash you need today.

What is a title loan?

A title loan is a short-term loan you can apply for if you need cash quickly. Title loans use the title to vehicle as collateral, so you can borrow up to a particular amount of what your car is worth. After receiving approval on your loan, you will receive cash and then make payments until you repay the loan in full.

Since title loans do not require any credit checks, they typically come with high-interest rates and if you're unable to repay the loan, you may lose possession of your vehicle.

Learn: Can you get a title loan with bad credit?

Delaware title loan requirements

The requirements to apply for a title loan online are far fewer than those you may need for a bank loan. To apply, you need:

  • A Delaware driver’s license or state-issued ID
  • A lien-free vehicle title
  • Proof of income
  • Proof of residency in Delaware
  • A running vehicle

Learn: Can I get a title loan without the title?

In addition to these requirements, you must be at least 18 years old. You also must not be actively serving in any branch of the United States military.

The title loan process

Applying for a title loan in Delaware is a quick process, and often takes less than an hour. You must complete six steps to apply for a title loan:

1. Application

Head online and fill out a title application to tell us more about your vehicle and yourself.

2. Verification

Once you complete your application, lenders will then review and verify its accuracy.

3. Inspection

After your information is verified, lenders will want to inspect your car to determine its value and to make sure it is safe to drive in Delaware.

Learn: Can you get a title loan with a damaged car?

4. Agreement

Upon passing inspection, a contract will be made by your lender. This contract will explain the terms of your title loan agreement and include the repayment process, the loan's interest rate, and the amount you must pay.

5. Disbursement

You will receive your loan either directly in the form of a check or indirectly through direct deposit or wire transfer.

Learn: Can you get a title loan without a bank account?

6. Repayment

Once you receive your funds, you will then be responsible for the timely repayment of your loan. If you make all your payments, you'll receive your title back from your lender.

Learn: What happens if you don’t pay a title loan back?

How title loans are regulated in Delaware

Title loans in Delaware are currently regulated under Delaware Code Title 5, Chapter 22.

Interest rates

Title loans are legal in Delaware, and there is no limit on the interest rates a lender can charge. Typically, interest rates in Delaware are 25% a month. Before a borrower can sign a title loan contract, the lender must make certain disclosures regarding the nature of the loan and the borrower's rights.

Repossession laws

If the borrower cannot make the payments on time, the lender has the legal right to repossess the vehicle. At this point, the lender can no longer charge interest on the loan.

In Delaware, the loan closes out once the car sells at auction. In addition, if the vehicle sells for more than the amount of money the borrower owes, including interest, the lender must give the borrower the excess amount.

Finally, the lender must let the borrower know that the vehicle has sold and satisfied the outstanding amount on the loan.

Cost considerations and title loan alternatives

The cost of a title loan in Delaware is dependent on your loan amount and your APR. Here are a few examples to help illustrate the true cost of a title loan.

  • Example 1: You borrow $200 at an APR of 300% and pay it back in 30 days.
    If you took out a $200 loan and paid it back in 30 days, you would pay a total of $250 back to your lender in 1 payment. In this example, you’re paying $50 in finance charges to borrow $200.
  • Example 2: You borrow $200 at an APR of 300% and pay it back in 6 months.
    If you borrowed $200 and paid it back in 6 months, you would pay a total of $406.56 back to your lender in 6 payments of $67.76. In this example, you’re paying $206.56 in finance charges to borrow $200.

Personal installment loans: A better and more affordable way to borrow money with bad credit

Before deciding to take out a car title loan, you must understand the risks involved. You have other options if you decide not to apply for a car title loan.

For example, installment loans do not require that you use your vehicle as collateral for repayment. While an installment loan requires a credit check, the time you receive to make payments is usually longer than when repaying a car title loan.

Frequently asked questions

Here are some of the most commonly asked questions that we get regarding Delaware title loans.

Can I qualify for a title loan with bad credit?

Yes! You can still qualify for a car title loan even with a low credit score.

Can I get a title loan completely online with no credit check and no inspection?

Yes! You can get a title loan online without pulling your credit. However, your lender needs to inspect your to verify that your vehicle is safe to drive. Passing an inspection will also allow your lender to calculate the amount you can borrow.

Will I receive the funds from my title loan instantly?

In most situations, you will receive your loan on the same day of application if you finish the process before 2 p.m. EST.

Do you offer car title loans near me?

Yes! We offer title loans nearby through direct title loan lenders in many cities in Delaware, including:

  • Delaware City
  • Dover
  • Harrington
  • Lewes
  • Milford
  • New Castle
  • Newark
  • Rehoboth Beach
  • Seaford
  • Wilmington
Customer reviews

Success stories from real people like you

Read real reviews from the many satisfied customers who chose Sound Financial for a title loan.

Jameson W.
star star star star star

I have taken out a title loan in the past and I can say much better experience with Sound.

Yusef K.
star star star star star

First time getting a title loan and this site made it super easy. They were upfront about fees and payments, which was hard to find, and the process was smooth.

Dennis M.
star star star star star

Best place to get this type of financing, hands down!

George V.
star star star star star

I appreciated the transparency and honesty of this marketplace. No hidden fees or surprises and exceedingly good customer service. A more than positive experience!

Paulina S.
star star star star star

Helped me find the right loan for my situation and did well in answering all my questions. 5⭐s!!!!

Jaime B.
star star star star star

I’ve been around the block a few times w/ these types of online loans and Sound is refreshing. Didn’t feel like I was being taken and it felt like they genuinely had my best interest at heart.

Ian G.
star star star star star

Ran into money trouble and came to Sound Financial for a title loan. Was pleasantly surprised by their quality of service (not typical). Very appreciative.

Creisha J.
star star star star star

Glad to see that there is a company out there that actually cares for borrowers with bad credit. 🤗❤️ Thank you!!

Antoinette C.
star star star star star

M/O 3 here with lackluster credit, so a title loan was my only resort. Sound helped me find a lender AND understand how to properly manage my repayment. Forever grateful.

Roderick T.
star star star star star

PROS: I was able to keep my car, fantastic customer care, site gave me all the pertinent details… CONS: None… Add me to the “another satisfied customer” list.

Delaware title loans in 30 minutes or less.

Get the cash you need with our fast and flexible title loans. Apply now and see how we can help you today.

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