Can I get a second car title loan on the same vehicle before I fully pay off my first loan?

Answered by Car Loans Expert Eric on April 7, 2021

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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Car Loans Expert

“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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