How to Pawn a Car Title

When you have unexpected expenses or need money to cover utilities or other bills, pawning your car title could be an easy way to get cash without going through the process and uncertainty of applying for a traditional loan. It allows you to take out your car’s equity, while keeping the use of your vehicle. Once you’ve pawned the title to your car, you will be required to make monthly payments on the value of the title until you’ve paid back the amount of the pawn, often with additional interest.

If you’ve decided to follow this route and are wondering, “How do I pawn my car title?” here is a short, general outline of the process to pawn a car title.

How to Pawn a Car Title

The requirements for pawning your car title vary slightly from state to state, but the overall process is simple. To pawn your car title, you’ll generally need these things:

  • Your car
  • The lien-free auto title to your vehicle that lists you as the owner
  • Government-issued identification, like a driver’s license or state ID
  • Proof of income

Many car title loan companies require that you own your car outright, without other liens or title loans. Proof of income may be employment, Social Security, pension, or another dedicated source of income. This is to be sure you have a means of paying back the value of the pawn. They may also ask for supporting documents, such as a utility bill to verify your address. Once you’ve gathered all of your documents, take them and your car to a title loan company. TitleMax® has more than 1,000 locations around the country. We also give you the option of applying for your loan online to save you time and gas.

At the car title pawn location, your car will be inspected by a sales associate. The make, model, year, and condition will be assessed and used to determine the value of your pawn. The value of your car is often based on the value as determined by the Kelley Blue Book. When you take your car to TitleMax®, one of our friendly, trained associates, will give your car an appraisal in as little as 5 minutes. Your loan amount will be determined based on your specific cash needs and the value of your vehicle. After the amount has been decided and you’ve agreed to the terms of the car title pawn, you’ll receive the full amount of the pawn, usually in the form of a check. TitleMax® will give you your cash, and you get to drive away with your vehicle.

Some things to remember when deciding to pawn the title of your car:

  • The value of your car is based on many different factors, not just the Kelley Blue Book value.
  • When you pawn your car title, the company applies interest to the amount.
  • You may be required to carry additional insurance on your vehicle for the duration of the pawn.

At TitleMax®, we understand that life happens. Medical emergencies, unforeseen home repairs, unemployment… all these things can play havoc with your finances and leave you feeling stressed. Poor credit history is a roadblock when applying for a traditional loan from a bank, and approval can take time you don’t have.

TitleMax® is here to help you get back on track by opting to pawn; car titles are often a lesser inconvenience that other items when it comes to collateral. Our nationwide lending company can get you money fast using your car title as collateral. The best part is you get to keep the use of your vehicle. Once you’ve finished with your payments, TitleMax® will immediately return your title. We believe in making the process of pawning your car title as easy as possible, so you have one less thing to worry about. We offer customized payment plans that work for you to make your payments and recover your title quickly. Fill out our online forms or go to one of our friendly locations and get the cash you need today.

For more in-depth information on TitleMax’s requirements, please visit our frequently asked questions page. You can also use our live chat during regular business hours and let one of knowledgeable sales associates answer your questions. Call us toll-free at 1-88-TITLEMAX.

  • * Maximum loan amount in Illinois is $4,000. Maximum loan amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies and accepts both the Pledge and Line of Credit. Minimum loan amount in California is $2,600.
  • ** Car title loans may require a credit check in California. Motorcycle title loan and pawn approval requires satisfaction of all loan eligibility requirements including a vehicle evaluation and a credit check.
  • *** To be approved for a title loan or pawn, you must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a possible credit inquiry, and a motor vehicle appraisal. Certain other terms and conditions apply.
  • † Proof of income is required in Illinois, Nevada, some Texas locations, and California. In California you are also required to provide proof of residency, and a valid vehicle registration to obtain a loan.
  • ‡ Signature and personal loans are offered by an affiliate of TitleMax® and are currently only available in Florida. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.
  • § Refinancing of a competitor’s title loan is not available in Mississippi or Virginia. In Illinois, you are required to have reduced your original principal balance by 20% before refinancing. TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.
  • - TitleMax of Virginia, Inc. d/b/a TitleMax® is licensed by the Virginia State Corporation Commission, license number VTL-11.
  • - In Texas, TitleMax® acts as a Credit Services Organization to assist customers in obtaining a loan through an unaffiliated third party lender. Please see store associate for details. Please see Texas Schedule of All Fees.
  • - In GA, TitleMax® offers Title Pawns.
  • - In CA, Loans are made by TitleMax of California, Inc., California Finance Lenders Law License No. 603K014.
  • - New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.