How to Value a Car for a Title Loan

Let's get started

Get your cash today by filling out this form or for instant pre-approval call (855) 561-56262

  • 1
    Car Information
  • 2
    Your Information
  • 3
    Free Estimate
By tapping or clicking “Get Your Estimate”, you acknowledge and agree to the Terms of Use, FCRA Policy, Electronic Consent and Privacy Policy. You acknowledge and agree that you are providing express written consent for Tradition Media Group LLC to share information you've provided, and for TMG and/or up to six partners to contact you with marketing and other messages via email and/or at the phone number provided via automatic dialing systems, recurring autodialed and prerecorded calls, or SMS/MMS messages (charges may apply), even if my telephone number is listed on a Federal, State, or other jurisdiction Do-Not-Call list. You acknowledge that consent to these communications is not a condition to utilizing these services.

Application Submitted

For Fastest Service Call Us Now!

855-561-5626

Thanks for Applying

Congrats! We received your application. You might need car insurance for your loan. Click here to compare rates.

Click to Find Insurance

* Clicking the button will direct you to our partner for Car Insurance.

Application Submitted

While we process your info we recommend also applying for a personal loan or credit card to get more money!

Click Here

* Clicking the button will direct you to our partner for Personal Loan or Credit Card Offer.

Thanks For Applying!

We don't offer title loans in your state might be able to help with a personal loan or credit card.

Click Here

* Clicking the button will direct you to our partner for Personal Loan or Credit Card Offer.

Thanks For Applying!

We got your application. If you need immediate cash try a personal loan or credit card offer and we will call you 1st thing in the morning.

Click Here

* Clicking the button will direct you to our partner for Personal Loan or Credit Card Offer.

Thanks For Applying!

We have found a great match for Car Financing!

Get My Financing

* Clicking the button will direct you to our partner for Car Financing.

Thanks For Applying!

We have found a great re-financing match with CarZing!

Get My Financing

* Clicking the button will direct you to our partner for Car Refinancing.

Calculator

Want to know how much your payments will be? Use our title loan calculator to find out.

Max Cash Calculator
Big Phone Icon - Transparent and Black

Instant Pre-Approvals

Call us anytime seven days a week for instant pre-approvals! 2

(855) 561-5626

If you are considering getting a title loan for some funding, you may be able to get a better idea of whether you can qualify, or how much you might be able to qualify for by figuring out how much value you have in your car. 

Max Cash Title Loans can help you figure out exactly how to value a car for a title loan. Determining the equity of your car is a good overall skill to have as a car owner. Your vehicle is a personal asset which is an important piece of your net worth, a vital aspect of your financial health. 

Knowing the value that you have in your car can be helpful for many purposes including obtaining a loan using it.

Can You Use the Value in your Car for a Loan?

Just like with your home, it is possible to utilize the equity value in your car for a loan. There can be a simple and quick way for all kinds of people to get a loan!

It is a requirement that you have positive equity in your car in order to get a car title loan because that equity is what secures the loan. The same rule applies for other kinds of secured loans like a home equity loan, your house must have positive equity for you to get a loan using it!

The first step in determining how much you might qualify for in a car title loan is to figure out the actual value of your car. That way, you can know how much equity you actually have in it. 

Learn How to Value your Car for a Title Loan

The very basic calculation for determining your car’s actual equity is to take the total worth of your car, minus the sum that you still owe on it. If you are not still paying off the car then the calculation is even simpler. 

Breaking it down step by step for positive equity:

  1. What’s your vehicle’s total worth?

It couldn’t be easier getting a pretty accurate estimation of your car’s worth with the help of Kelly Blue Book. 

For free, you can simply input your car’s year, make, model, mileage, and general condition. From there, it will give you a decent approximation of its resale value! This is a great place to start from.

  1. Do you have an auto loan you are still paying?

If you are still paying an auto loan on your car, then you are not done yet. Next, you have to figure out how much you still owe on the car. This should be as easy as checking the latest loan statement you received. If you can’t locate it then reach out to the company or bank you got the auto loan through!

  1. Calculate total positive equity!

Finally, subtract the sum you still owe from the total estimated worth you got from Kelly Blue Book and that is your positive equity leftover. If you are not still paying off your car then your car’s positive equity is simply the total over worth.

How Much Can You Get on a Title Loan?

How much you can get on a title loan is dictated by several different factors. However, it is mostly dependent upon three things:

  • Your Car’s Positive Equity

You are unlikely to be offered a loan that is worth 100% of what your car’s positive equity is as that would likely be a higher risk loan. The equity in your car has a great impact on how much you will be offered whereas the two following aspects are more likely to impact your loan to value (LTV) percentage!

  • Your Ability to Pay Back the Loan

Lenders will know better how big of a percentage of your car’s value they feel comfortable lending you by knowing your ability to pay off the loan. This is determined through your current income. If you can prove that you are making a satisfactory income regularly then you are likely to get a higher LTV percentage.

  • Who Your Lender Happens to Be

Some lenders out there give higher loan amounts while others give less! 

Max Cash Title Loans works hard to connect you with lenders who fit your needs best!

Can You Get a Title Loan with Poor Credit?

It is still possible to be approved for title loans despite having poor credit. While Max Cash Title Loans and the lender still run a credit check within the pre-approval process, your title loan is a lot more dependent on your car’s equity and your ability to repay the loan than it is on your credit score.

Since you are using the equity in your car to secure the loan, your credit score or even bankruptcies are not usually held against you in the qualification process!

Quick and Easy Process for Approval

The only way to be sure how much money you might be able to qualify for in a title loan based on the value of your car is to do Max Cash Title Loans simple pre-approval process. It should only take a few minutes out of your day and could not be easier.

  1. Online Form

Fill out the online inquiry form with some basic info about yourself, your finances, and your car! You can find it on the homepage of our website. 

  1. Send Documents

These include a government ID, the title of your car, and proof of residence. Additionally, you will need to provide proof of income, pictures of your car, and a few references.

  1. See If You Qualify

Once all your details are reviewed, you will be notified as to whether you qualify. Additionally, you will be told how much you might qualify for. From there you will get to decide whether you want to move forward with the loan using the title of your car!

Max Cash Title Loans is the reliable title loan marketplace that you can depend on to help you find the best value that you can on a title loan using the equity in your car!