Can I get a second car title loan on the same vehicle before I fully pay off my first loan?
I work freelance and jobs are hard to come by these days, so I'm looking for an extra cash infusion. I'm wondering if a second car title loan is possible in my situation.
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Answered on Apr 07, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“In most cases, no. Legally, lenders can only place one lien on a particular vehicle. Therefore, you’ll have to pay off the first loan before you can get a second car title loan. That said, if you have another vehicle with your name on the title, you can get a second car title loan. “
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