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Can I get a title loan on an old car?

My wife and I have been painting our house in preparation to sell it, but funds are low. To help cover the cost, I’m thinking of taking out a car title loan on my work truck. The only problem is that the truck is almost 20 years old. Can I get a title loan on an old car?

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Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting a house ready to go on the market is a big task, but you must be excited! If you find the right lender and title loans are legal in your state, you can get a title loan on an old car.
Most lenders won’t care how old the car is, as long as it still has some value in the retail market. Title loans typically offer 25% to 50% of the vehicle’s market value, so expect to get that amount based on the blue book value of your car.
To find the highest offer and most favorable terms, shop around and compare offers from a few different lenders.
When applying, you should have the following handy:
  • The vehicle title and registration
  • Your driver’s license and proof of residency
  • Proof of income and employment
If you want to avoid a title loan’s high APR, consider a personal loan or other low-interest options.
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