Where can I get a loan without a car title?

My job let me go suddenly, and now I can't pay my rent. I need some extra cash, but I don't have the title to my car. Where can I get a loan without a car title?

I’m sorry to hear you lost your job and you’re having trouble paying your rent. Since you don’t hold the title and still have a loan on your car, you could get an auto equity loan instead.
An auto equity loan uses your car’s actual cash value instead of the title to determine your loan. You must have positive equity in the vehicle for this option. To find out, subtract the remaining amount of the car loan from the actual cash value.
As a warning, auto equity loans have high-interest rates. If you cannot pay it back, you risk lowering your credit score and having your car repossessed. If you’d like to look into auto equity loans, check with credit unions or online lenders.
Another way you can save some extra money is with the Jerry app. Jerry compares 50+ top providers to ensure you’re always getting the best rates and coverage. Jerry users save an average of $879 a year!
Lauren Smith
Answered on Dec 01, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.

Did this answer help you?

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

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