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How do you get a loan with your car title?

I’ve heard from some friends that you can get a loan with your car title and I could really use the money this month. How do you get a loan using your vehicle’s title?

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Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Your friends are correct! You can use your vehicle’s title to apply for a car title loan. The process varies by lender, but it’s pretty straightforward and you should only need a few additional documents.
Car title loans use your car as collateral, meaning the lender can repossess your vehicle if you cannot repay the loan. To find a loan with a low APR and favorable terms, you should compare offers from multiple lenders.
To simplify the application process, you should gather the following:
  • Vehicle title
  • Current vehicle registration
  • Any financial documents related to the vehicle
  • Driver’s license
  • Utility bill or other proof of residency
  • Recent pay stubs or proof of income
  • Contact information for at least two references
To make repaying the loan more manageable and avoid losing your vehicle, you should download
Jerry
. As a licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes from up to 50 top insurance companies, helps you switch plans, and cancels your old policy. The average Jerry user saves $879 a year on car insurance.
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