Services
Insurance
Loans
Repairs
Advice
About

How do you get a loan using your car title?

I have bad credit, but I need a loan. A coworker told me that I could get one using my car title. How do you get a loan using your car title?

avatar
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Your coworker is correct! You can get a loan using your car title. A title loan is a loan that uses your car title as collateral. To get a loan using your car title, you need to be the sole owner.
You will also need:
  • The title
  • Identification
  • Proof of insurance
  • Proof of residence
  • Proof of income
Since a title loan has significantly high-interest rates and short terms, it’s easy to slide deeper into debt. Consider a title loan a last resort as you risk losing your car should you default. Some other options to try first are:
  • A personal loan with a cosigner
  • PAL (Payday alternative loan)
  • Talk with your lenders for repayment options
Working on a budget and cutting costs can also help avoid getting a title loan. An easy way to save on your car insurance is by downloading the
Jerry
app. Jerry compares customized quotes from 50+ provides to ensure you’re always getting the best price without losing coverage.
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

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