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How can I get a car title loan?

My son has been applying to colleges and was recently contacted by a coach who wants him to visit and meet the team. This is an incredible opportunity, but flights to visit the school are expensive, and I want to apply for a car title loan to cover the travel cost. How can I get a car title loan?

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Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That does sound like an incredible opportunity, and you must be very proud of him!
Car title loans are not legal in every state, but it is a relatively straightforward process if you can secure one. Application requirements vary by lender, so it is best to have all the following documents prepared:
  • The vehicle’s title.
  • The current vehicle registration.
  • Any financial documents related to the vehicle.
  • Your driver’s license.
  • Utility bill or other proof of residency.
  • Recent paystubs or proof of income.
  • Contact information for at least two references.
After gathering the above documents, you need to complete and submit an application for the loan. Car title loans are typically reviewed and approved quickly, but you should take your time and compare offers from multiple lenders to find the best deal. Keep in mind that title loans tend to have expensive monthly fees and a high APR, so if you can use a credit card or borrow money, that may be a cheaper option, and you won’t risk losing your vehicle.
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MORE: How to save on car insurance with a good student discount
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