Pawn Shops vs Car Title Loans

Daniel Joelson

Daniel Joelson

Total Posts: 583

Published Date: April 4, 2022

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Title Loans and Pawn Shops

Auto pawn and car title loans can both provide you with the money that you need when you need to get some fast emergency money we will discuss auto pawn Vs car title loans.

Both will provide you with the fast emergency money that you need, but pawnshops and car title loans are quite different.

Car title loans and pawnshops both require that you have enough equity in your vehicle, but we will explain the differences between the two of them to you.

Auto Pawn Vs Car Title Loans

Auto pawn loans and car title loans, will both lend you money based on the equity that you have in your car, but the biggest difference is that auto pawn loans they will require you to give up possession of your car.
Auto pawn will require you to leave your car with them until you have paid off the account. You will give them the title and the vehicle.

With a car title loan, you will only give the lender the title to your car, and you will be able to continue to keep driving your car.

The car title loan companies that TFC Title Loans work with will only place a line on your car title, so they will have a secured interest in your vehicle until you pay them off.

The interest rates with car title loans are lower than with auto pawn loans. The interest rate with the auto pawn is much higher, and with the network of title loan companies that we work with, we will find you the lowest possible rate.

Auto Pawn And Title Loan Payments

The title loan payments that we will get for you will work within your monthly budget, so you will find them affordable.

Auto pawn loans usually have a shorter repayment term, this will make the monthly payments more expensive.

The car title loan terms are much longer, they can range from 24 months to 48 months, with no prepayment penalties. This will make the monthly payments more affordable with car title loans.

With auto pawn, you have to take your car directly to the pawnshop, so they can let you know how much money they can give to you.


Car title loan vehicle inspections can be done online, so you do not have to visit any location. All you have to do is to take detailed photos of your car, inside and out.

You will also need to take photos of the odometer reading and the VIN number. Some of our partners will also require that you provide a video of your car too, this can all be done with your smartphone.

With car title loans it is much easier, as you do not have to take time out of your day to get the inspection done.

Advance Rate With Auto Pawn And Car Title Loans

The advance rate traditionally with auto pawn loans is typically 50% of the wholesale value of your vehicle, but with car title loans you can get up to 85% of the wholesale value.

You can find out the wholesale value by checking out the NADA, you can look up your wholesale value, and you can also use our title loan calculator to see what the monthly payments would be.

As you can see you will get more money if you get a car title loan than with an auto pawn loan.

 Documents For Car Title Loans

With auto pawn loans, there are no documents that are required, all you need to do is to have the car title in your name, and bring them your vehicle.

But with car title loans do require that you provide supporting documentation, that is the downside, but you do get to keep and drive your car.

You will need to provide the following documentation for your online car title loans:

1. Car title in your name.

2. Your proof of income.

3. Driver’s license.

4. Your proof of residence.

5. Personal references.

6. Insurance.

As you can see that the documentation is not difficult to qualify for, but with auto pawn loans you do not need to provide anything.

Apply For Your Car Title Loans Today

If you want to get more money, with lower monthly payments, and you get to keep and drive your car, then you should apply for a car title loan today with us.

We will help you to get the most money on the equity that you have in your vehicle. we believe that the car title loan that we will get for you is better than getting an auto pawn loan.

But if you do not want to provide any information, and you just want to submit your title and your vehicle, then getting an auto pawn might be better for you.

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DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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