How do you do a car title loan?

What’s the best way to do a car title loan application? I want to get one to help with some unexpected repairs, but I don’t really know much about them.

Answer
All you need to do to apply for a car title loan is have either your own car or equity in one. If you have either one, then you can likely qualify for a loan of up to 25-50% of your car’s value.
From there, you need to find a lender. Title loans often have high APRs and short repayment periods, so it’s important to shop around before you sign an agreement. Remember, title loans hold your car as collateral, so it’s worth taking some time to find a good offer.
Once you’ve chosen a lender, gather the following documents:
  • The original vehicle title
  • Your driver’s license
  • Proof of residency
  • The current vehicle registration
  • Proof of vehicle insurance
  • The names, phone numbers. and addresses two references
  • A functional copy of the vehicle’s keys
  • Proof of income or ability to repay the loan
If the lender approves your application, you just need to sign the agreement and start making payments!
For help making your monthly payments, start saving on car insurance with the Jerry app. A licensed broker, Jerry helps users save an average of nearly $900 a year on car insurance. Just sign up, and Jerry will send you competitive quotes from over 50 top providers for free!
Liz Jenson
Answered on Nov 08, 2021
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free