Car Title Loans

Let's get started

Get your cash today by filling out this form or for instant pre-approval call (855) 561-56262

Calculator

Want to know how much your monthly payments will be? Use our easy calculator to find out now.

Title Loan Calculator
Big Phone Icon - Transparent and Black

Instant Pre-Approvals

Call us anytime seven days a week for instant pre-approvals! 2

(855) 561-5626

What is a Car Title Loan?

Do you need fast cash for unexpected expenses? Car title loans can be a helpful funding option if you are looking for a financial boost, but are having trouble finding funding through traditional bank loans. If you need quick money for short-term needs, borrowing against the value of your car can be a lifeline. Whether you need to handle urgent home renovations, car repairs, or another personal expense, you can consider applying for a loan against your car.

This type of vehicle-secured loan can be called a few different names, such as pink slip loans, online title loans, or car equity loans. While the name is different, they function the same. Car title loans are secured loans that allow you to leverage a qualifying car title as collateral for emergency funding.5

If you are looking for fast and convenient funding, try applying for a car title loan with the help of Max Cash® Title Loans! Max Cash Title Loans is proud to be the #1 Nationwide Title Loan Marketplace. Allow our expert loan agents to help you find a great deal on an online car title loan.2 5

How do Car Title Loans Work?

If you are eligible for a car title loan and sign your agreement, the next step is that your loan is funded. Once the loan is complete, your title lender will add a lien to your car’s title and become your lienholder. This means that the title lender will have a legal right to your vehicle while you are paying off your loan.

car title loans

Using your car as collateral for emergency funding makes the loan secured, allowing the application process to be a lot more flexible than unsecured loans like personal loans. When you take out a secured loan, you get access to the efficient funding you need. You will also be able to use your vehicle as you normally would while you pay back the loan. However, you must make sure that you manage your payments accordingly and stay on top of your loan to maintain this arrangement.

What Documents are Required for an Auto Title Loan?

Before submitting your loan request, you should be aware of the fact that you must be of legal age to apply for a title loan in your state. Additionally, the title loan requirements for a car title loan usually include having a car with enough positive equity, along with proof of your ability to repay the loan, and a clear title in your name.5

When you are ready to inquire about an auto title loan, you will need to provide a few documents in order to help finalize loan eligibility for both you and your vehicle. Here are the basics of what you may need:5

  • Qualifying Vehicle Title with Your Name on it
  • Valid, Government-Issued Photo ID
  • In Some Cases, 3 References May be Required (should be of no relation to you)
  • Proof of Income
  • Proof of Residence
  • Current Vehicle Insurance (not required in every state or with every lender)
  • Photos of your Vehicle if the Lender Operates Online (include all 4 sides, odometer reading, and VIN)

Some requirements may differ depending on the state you live in or the lender you are working with. If you have any questions about the documents or requirements for car title loans near you, simply dial 855-561-5626 today to speak with a title loan agent!

What Should My Credit Score Be for a Car Title Loan?

One of the many benefits to a car title loan is that you use the vehicle as collateral to secure the loan, meaning that your credit score may not impact your eligibility as it may for unsecured loans. Bad credit often prevents people from applying for other types of traditional bank loans. But, with a car title loan found through Max Cash Title Loans, you may still be eligible even if you have a subprime score!2 5 

Do I Need to Be Employed to Get Approved for a Car Title Loan?

On a basic level, you need to have some source of monthly income. Your title lender will be more concerned that you have the means to pay the car title loan back rather than if you have a 9-5 job. This means you can be self-employed or receive an income from a source that is not an employer. This could mean disability or pension income. If you have any questions about the types of income documentation that are accepted, feel free to reach out to one of our title loan agents! They are more than happy to walk you through your loan inquiry and answer any questions you may have about the title loan process. 5

How is My Car Valued for a Car Title Loan?

Your lender will use some basic information about your car to help determine the overall value of your vehicle. This can affect not only your eligibility for a title loan, but also the loan amount you may receive.1 5

They may also use online tools such as Black Book, Kelly Blue Book, or a car valuation software of their own. Here are the basic things lenders usually look at when determining vehicle value:

  • Make
  • Year
  • Model
  • Current Mileage
  • Trim package and/or upgrades added since purchase

How Can I Apply for Car Title Loans Near Me?

Max Cash Title Loans wants the loan process to be simple, secure, and fast so you can get the quick cash you need as soon as possible. The loan process is meant for you to be able to apply, get approved, and get the amount of money you need in the same day or the next business day.1 5 Some of these steps may vary slightly depending on your state, but this is what you can usually expect from the application process:

Fast Car Title Loan Process

1. Complete an Online Application. This pre-approval loan application consists of a few basic questions about you and your vehicle. Shortly after submitting your online inquiry form, a Max Cash Title Loan agent will reach out to you and let you know if you have been pre-approved. If you have received initial approval, we will look through our database of title loan companies to match you with a title lender for your financial needs.5

2. Submit Your Documents and Go Over Your Agreement.5 The next step is to submit the documents mentioned above and, upon verification, review your loan agreement and discuss your terms with your lender. Your loan terms include the loan amount, loan duration, interest rates, and monthly payments.4 Keep in mind, to avoid repossession of your vehicle, only take out a loan amount that you are confident you can pay back. Once your loan terms have been agreed upon, you will sign a loan agreement with your title lender. 5

3. Get your Cash Fast! After you have signed your loan agreement, all you have left to do is get your funds. When it comes time to get your money, your title lender will usually give you a couple of options. You can choose to pick up your cash at your nearest MoneyGram location, or you can have the funds deposited directly into your bank account. There are also typically options of wire transfer, or receiving a check in the mail.5

What are the Interest Rates for a Car Title Loan in 2024?

Interest on car title loans is a percentage of the principal loan amount. Essentially, it is the cost of borrowing money from a title lender. According to the Federal Trade Commission, the average title loan interest rates may not be as high as the average for payday loans, but they are short-term loans meant to be taken out for short-term needs. Because of this, the interest rate percentages you see will vary, but can still lean towards the higher end.4 

how car title loans work

Fortunately, Max Cash Title Loans strives to work with lenders who offer competitive rates. This means we can help you find the monthly payments and interest rates that work best with your budget and reflect your current situation.4 If you want to get an idea of what your monthly payments may look like with a car title loan, you can look at our loan calculator. This tool is extremely useful when budgeting for a car title loan.4

What Happens if I Can’t Make My Car Title Loan Payments?

Firstly, it is vitally important that if you cannot make your payment for the month that you contact your title lender or loan servicer as soon as possible. The best thing you can do for this situation is to always stay in open contact with your title lender. Be proactive with both communication and action to avoid the repossession of your vehicle. Something important to note is that most car title loan lenders only repossess vehicles as a last resort. In fact, most title lenders prefer to work with you to try and find an alternative solution to repossession.

What are the Risks and Advantages of Car Title Loans?

Since title loans are just like any other loan option, they will come with both advantages and potential risks. As mentioned above, one of the main potential risks of title loans is the risk of repossession.

If you cannot manage your title loan payments and enter loan default, your vehicle may be repossessed by your title lender. It is important to make your loan payments one of the highest priorities in your budget to maintain access to your daily transportation!

With the risks out of the way, we can get to the rewards. Title loans can cater to borrowers with bad credit. Even if you aren’t confident with your credit history, it’s possible to access fast funding through car title loans!5

Do I Have the Option to Refinance a Car Title Loan?

If you have a pre-existing loan, you may still apply for a car title loan refinance through Max Cash Title Loans.2 5 The way this typically looks is that the remaining balance is settled with the prior loan lender, and is transferred over into your new balance with the refinanced loan.1 2 5  You could still receive the quick cash you need the same day you apply or within 24 hours!1 Some benefits of doing this include extended time to complete payment and highly competitive rates on interest and principal.4

Get cash fast with an auto title loan! car title loan, fast cash

If a car title loan sounds like exactly what you need to give yourself a financial boost, reach out to Max Cash Title Loans at (855) 561-5626, or visit us online to begin the process. One of our friendly representatives will help you determine if this is the right option for you. Let us do the hard work for you and find your perfect title lender!2 5

Frequently Asked Questions About Car Title Loans

Still have questions about car title loans? We have answers! Max Cash Title Loans is here to help you with any questions you may have about a car title loan. Talk to us before, during, and after you begin the loan process. We are available to you 7 days a week, and can be reached via phone, email, and even text message!

You can find our contact information here, but take a look at some of the most common questions that borrowers have about this secured loan option:

Will I Be Required to Bring My Car in For a Vehicle Inspection to Get a Car Title Loan?

Many times when seeking title loans, you will see a requirement to bring your vehicle in for an in-person inspection. But that is not the case when you look for a loan through Max Cash Title Loans!2 Instead of a physical inspection, the title lenders we work with usually require are some basic vehicle photos. You can even take the photos straight from your smartphone and text them in! 

How Much Money Can I Get from a Car Title Loan?

Lenders determine eligibility for loan approval typically by looking at the ability to pay the loan back, and the overall value of the car itself. The maximum and minimum loan amounts you will see may differ depending on the state you live in. Typically, you will be able to access a percentage of the available equity in your vehicle, often ranging from 25%-50%.1 5

At Max Cash Title Loans, we work with a variety of lenders. We will work hard to fit your financial needs.2 It is always important to remember to only take out a loan amount that will cover your immediate financial needs and ensure that you are confident you can comfortably pay back your lender. 

How Do I Make My Monthly Payments for a Car Title Loan?

Often, title lending companies will have a website with a customer service portal, similar to that of a bank or other financial institutions, that lets you keep track of your loan balance, what you still owe, and make monthly payments. Many lenders also have a mobile app, so you can make your payments straight from your smartphone. Talk to your lender about what may be easiest for you!

Can I Make Payments on my Car Title Loan Early? 

If you have the means to pay your car title loan off early, you can usually do so without the fear of additional fees or penalties.3 4