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.

expert avatar

Eric

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. “


Car Loans

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
user
Gabriella R.
Find savings (100% Free)
stars
4.6/5 Rating on App Store
logos
logos
logos