How Much Can I Borrow With A Car Title Loan?
Getting Fast Cash with a Car Title Loan
If you need money quickly, one of the easiest ways to access it is through a car title loan. While there are a few requirements to meet, this type of loan can help you get cash within a day or two. The amount you can borrow depends mainly on your vehicle’s value and the lender’s policies.
How a Car Title Loan Works
A car title loan allows you to use your vehicle as collateral in exchange for cash. In most cases, your car must be fully paid off, although some lenders make exceptions.
You’ll need to fill out an application — either in person or online — and provide documentation such as:
- A valid driver’s license
- A utility bill or other proof of address
- The original vehicle title, ensuring the VIN matches your car
Once verified, the next step is assessing your vehicle’s value.
Vehicle Assessment and Loan Value
Lenders will inspect your vehicle or review photos to confirm its condition. They typically use Kelley Blue Book or NADA values to determine fair market price. Usually, you can borrow 50% to 75% of your vehicle’s value. For example:
- If your car is worth $20,000, you may qualify for a loan between $10,000 and $15,000.
Choosing the Right Loan Amount
Even if you qualify for a higher amount, it’s best to borrow only what you need and create a clear repayment plan. Across the U.S., most car title loans range between $600 and $3,000. These short-term loans are designed to help with urgent financial needs — but make sure you repay on time to avoid additional fees or penalties.
A car title loan can be a fast and convenient way to access cash when you need it most. By understanding how the loan amount is determined and planning ahead, you can borrow responsibly and stay in control of your finances.
Call Embassy Loans today at (833) 839-2274 to learn more or start your application.
