While it could cost$500 to borrow $1,000 via a title loan, a personal loan鈥檚 interest and fees might only cost you about $55. If you can鈥檛 repay the title loan at the end of its term, you might be able to extend, or 鈥渞oll over,鈥?your loan term another 30 days.
People also ask
How much can you get for a car title loan?
Every lender has their own minimum and maximum loan amount when it comes to title loans. They can start as low as $100 and run as high as $50,000. However, it鈥檚 more common to see car title loans from $1,000 to $10,000. Lenders that specialize in truck title loans might offer larger amounts.
What is a a title loan?
A title loan is a type of secured loan wherein a car is used as collateral for a short-term loan. A car isn鈥檛 the only requirement for collateral; you can use the title to any vehicle, including a motorcycle or truck.
How do you determine the value of a car title loan?
The expert will look at your car to determine its value, and the maximum amount of your loan will be based on this. To get an idea of the value of your car before applying for a car title loan, visit the Kelley Blue Book website and enter detailed information about your car in the designated areas.
How do I apply for a car title loan?
You can even apply for a loan by calling our toll-free number. When it comes to getting quick cash in hand, a car title loan from TitleMax is ideal. It doesn鈥檛 matter how old your car is or which make or model it is. We accept all cars that are paid off and have value in them.