Fast cash collateral loans from Premier Title Loans.

We offer loans with your car as collateral. Apply today!


Apply with Premier Title Loans to get a loan with your car as the collateral. These title loans are easy to qualify for if you own the vehicle and you don't need good credit. Borrow $5,000 or more with a vehicle collateral loan!

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    Car Collateral Loans – How Do They Work

    Customers often ask us how car title loans work and what they need to do to use their vehicle as collateral for a loan. It turns out that the requirements are few other than proof that you own a vehicle with significant collateral. Most applicants can qualify for these loans using the collateral from a car worth $5,000 or more. There likely won’t be a traditional credit check, and you can keep driving your vehicle while the vehicle’s title is used as security for your loan.

    A common type of collateral loan is a car title loan, meaning you put up your vehicle’s equity to use as security for a loan. These title loans are great for someone who owns a fully paid off car, and you don’t need to deal with a lengthy credit check to qualify!

    After you complete the Premier Title Loans online application, we’ll contact you to review the lending offer and set up a quick vehicle inspection. Assuming everything checks out, you’ll then sign the contract and be able to pick up your funds that very same day!

    The lender will hold your car’s pink slip as collateral. That’s different than how a title pawn works, as this type of loan has no requirement to use your vehicle as collateral. Instead, you’ll sign over the title to the lender, and they’ll be added as lienholders. Repay the loan quickly to get your pink slip back and avoid the increasing interest charges.


    Documents Required For A Loan With Your Car As Collateral

    Now that you know how a car collateral loan works with Premier Title loans, you’re probably wondering what docs are required to get approved. Here’s what you need:

    Your Car’s Title: A lien free vehicle pink slip is the main requirement for any car collateral loan. This document is held by the lender and is the security that backs up your loan. You can’t have any other claimants or lenders on your pink slip.

    Vehicle Details: Any lender offering collateral loans will want to see and inspect your vehicle in person. They’ll look for damage or other issues that could affect its resale value, and they also want to confirm the car or truck runs okay and has no mechanical issues.

    Identity Documents: Similar to any other loan, we need to verify your identity with proof you’re a licensed driver. You may also need to show proof of vehicle registration.

    Income Verification: Premier Title Loans works with local lenders; most companies will need proof that you make at least $1,000 monthly. Some companies offering title loans in CA will require income of at least $1,500 a month.


    Money in hand after getting a loan


    Is An Online Title Loan On A Financed Car The Same As a Collateral Loan?

    Yes, these collateral loans are similar to car title loans as they use your vehicle’s equity as security for the full funding amount. This is a secured loan, and your equity enables a lender to offer far more cash than expected with an unsecured loan. Collateral loans using your vehicle can lead to loan offers of $5,000 or more, where a typical unsecured loan checks in at around $800. The bottom line is that a lender is far more confident offering a higher amount when there’s equity backing up the loan amount.

    The application process is similar to these loans; you can apply online or over the phone with Premier Title Loans. From that point, you will be approved based on the vehicle’s worth and then make payments to pay down the amount borrowed. After settling the financing terms, you can get your car title back.


    What Happens If I Use My Vehicle As Collateral For A Loan – Wrapping Up

    Anyone considering a vehicle collateral loan should understand what happens if they default. In this scenario, your car may be repossessed and sold at auction. Stay in contact with your lender if you’re ever close to defaulting or missing a monthly payment. Of course, on the flip side, a title loan is not dependent on your credit score, and applicants can borrow $5,000 or more with just their vehicle’s equity. So it’s essential to evaluate the risks and benefits of a car collateral loan and determine if it’s right for you.

    Contact Premier Title Loans for further questions about accessing your car’s collateral and getting immediate cash with a standard vehicle equity loan or a classic car title loan! We work with borrowers nationwide and will get your equity loan approved fast, so apply now!


    People getting approved for a loan with a car as collateral.