What Happens to Your Car After a Title Loan?

November 9, 2018 | By Daniel Dewitt

There’s a short and a long answer to the question of what happens to your car after you get a title loan. The short one? Nothing. You keep driving your car like you normally would. It’s that simple.

But let’s rewind for a minute. What is a title loan? A title loan is a kind of loan that’s secured by the title of your car. They’re a fast cash option for those who get hit by an emergency or unexpected expense. You just take your car to the nearest title loan store near you, it goes through a quick inspection, and you walk out with up to $15,000 in cash in less than an hour.

The Specifics

Generally, there are two main questions that people have when it comes to getting a title loan. The first: where can I get a title loan near me? That one was is easy enough to answer. A quick online search will reveal title loan stores near you. If you want an even more detailed answer, just fill out our online request form or use our location locator to find the nearest of our many locations to you.

The second question most people have is, “Do I have to give up my car?” The answer to this is a little more complicated, but essentially, no you don’t have to. After taking out a title loan you’ll still be able to drive your car as you normally do, and you retain the registration and insurance paperwork for your car in case you need it. The title itself is all that the title loan store keeps.

Logically, it makes sense that you get to keep driving your car. It doesn’t benefit either you or the title loan company if you aren’t able to earn money to eventually pay it back. Being able to keep driving your car is one of the biggest upsides of a title loan and something you shouldn’t have to worry about when looking at getting a title loan.

Fast Auto and Payday Loans

We here at Fast Auto and Payday Loans pride ourselves on being able to help out those who’ve been hit while they’re down. We’re committed to making people’s lives easier, and making sure they have access to the money they need. To that end, you might be able to get up to $15,000 in cash at one of our stores in as little as a half hour.

Get the Title Loan Cash You Need Fast

The process is simple. Just fill out our simple online request form, after which one of our representatives will give you a quick call back to answer any questions you have. Not sure how long you’ll have to pay back the loan? Not sure if you have the right credit score? Our representative will walk you through the answers and the rest of the process.

With Fast Auto and Payday Loans getting the money you need can be simple and easy and you won’t have to worry about what happens to your car afterward.