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How much is a car worth for a title loan?

How much is my car worth if I take out a title loan? I’m having some financial difficulties and I could really use some extra cash. I drive a Toyota Camry if that’s helpful.

avatar
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear that you’re having financial problems. The amount that you can get on your car’s title loan will depend on how much your car is worth.
Once you have the value of your car, you can shop around to find a lender offering an amount that works for you. The average car title loan is between $100 to $5,500, but some lenders will offer more or less. This is known as a loan-to-value (LTV) percentage, and every lender will offer a different percentage, though most title loan lenders will offer loans for 25%-50% of the car’s value.
To find the value of your car, you can try using the
Kelley Blue Book
. The value will largely depend on the make, model, year, and condition of your car, so if your Camry is a newer model you might be able to get more money than you would otherwise.
To save money in the meantime, you should consider using the number one rated car insurance app,
Jerry
. Jerry can save you hundreds of dollars each month by providing a comprehensive list of personalized insurance quotes from the top 50 providers, including Nationwide, Allstate, and Travelers, so you can find the lowest rates out there quickly and easily. The average Jerry driver saves $879 a year on car insurance!
MORE:
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