What Happens When I Use My Car as Collateral?

Daniel Joelson

Daniel Joelson

Total Posts: 583

Published Date: February 4, 2023

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.

Use Your Car As Collateral

Have you ever asked the question “Can I use my car as collateral for a loan?”  You can use your car as collateral for a loan, and we will show you how easy it is.

You may have asked this question because you need emergency funding or you may have wondered if you can get a loan using a car title as collateral.

Using your car as the collateral on a loan is a good way to get fast money, but with us, we only hold on to your title as the collateral, so with us, you can use your car title as collateral for a loan.

You may be wondering how to get a loan using a car as collateral, but with us, we only hold on to the title and not the vehicle when you get a loan from us. We will use the equity you have in your vehicle, to get you the money you need.

So if you want to use a car as collateral for a loan, then you will need to have enough equity in your car, and you will also need to have proof of income, to show that you will be able to make the monthly payments.

Use My Car As Collateral

These days it is impossible to find funding when you need it unless you have a perfect credit score. If you don’t have a great credit score, it can be an endless cycle of fear that you won’t be able to pay the bills on time.

Here we have a solution for you! We can get you the emergency funding that you so desperately need by checking your credit score. We can do this by lending you a secured loan using a car as collateral.

Learn more about how to “use my car as collateral”? Car as collateral is fast and a great way for you to get your money. We will also help you find the best title loan that is closest to you.

Can I use my car as collateral for a loan?

Ever since we opened our doors in 1994, TFC Title Loans has worked very hard to help those who are turned away by traditional lending institutions.

If you want to use your car as collateral to get a loan, we will let you still continue to use your car, we will only hold on to your car title as the collateral.

There are plenty of companies that are using cars as collateral for loans, but with our large network, we will help you to find the right one for you.

Use my car as collateral
Using my car as collateral

Use Car As Collateral For Loan

Additionally, we make it a priority to help you understand how the car title loan process works so that you can always make informed decisions that lead to a brighter financial future for both you and your family!


We care deeply about customer service and consumer education. Therefore, we have been expanding our website to include numerous resource pages that answer your questions.

Car As Collateral Loan

Since 1994, we have striven to create a company culture of open communication between us and our customers. So when you need to get a car as a collateral loan, we have made the process easy for you, by using the equity that you have in your car.

With our second-to-none customer service, we have drawn thousands upon thousands of people to obtain title loans through our lending company over all others.

In this informational article, we lay out exactly what happens when you use your car as collateral for a loan. So, if you wish to understand the process better, then please continue reading.

However, if you already feel ready to get started in the application process, then fill out our online auto title loan application or give us a call today! For more information on how “use my car as collateral”, read below…

Collateral Loans on Vehicles

Getting collateral loans on vehicles is not available with traditional lenders, so you will need to get to a company that specializes in these types of loans.

The more traditional lending institutions don’t lend to those with less-than-perfect credit scores because those individuals are labeled as high-risk borrowers.

These lenders only give borrowers unsecured loans (loans without collateral) because of their credit score vouchers for their ability to pay back the loan.

Florida title loans can lend you money without the “security” of a high credit score by using the collateral of your vehicle title instead.

car collateral loan
Get the best car collateral loans from us.

Car As Collateral For A Personal Loan

We sign onto your vehicle title as the lienholder which gives us legal rights to your vehicle even though the title is still under your name.

However, you get to keep your car throughout the life of the loan; we only keep the title. We are able to use your car as collateral for a personal loan, so you will get to continue to drive your car.

Best Loans Using Car as Collateral

Loans using cars as collateral on vehicles are an easy way for you to get the money you need today. We will use your title as collateral for the title loan.

Our car collateral loans are easy to qualify for when you get your auto collateral loan, you get to continue to drive your car, and we only hold the title.

In collateral loans, we will only hold the title and you get to keep your car. Some other collateral loans will take possession of the collateral, but we will only hold the title. Find us in Las Vegas!

How To Use My vehicle As Collateral For A Loan?

We will be able to use your car title as collateral when you get a title collateral loan with us. If you want to know how to get a loan using your vehicle as collateral.

Contact us today and let us use the equity that to have in your vehicle, and we will see if we can help you get a loan with your car as collateral.

Can I Put My Car Up As Collateral?

You can put your car up as collateral with an auto pawn loan, but with our title collateral loans, we only hold on to the title, and not the car.

Getting a loan using your vehicle as collateral is not what we do. You do not need to use your car as collateral to get a personal loan from us.

 Use Your Car Collateral Loan

We can use your car as collateral for a loan with us, but we will only hold on to the title of your car, as with our title loans, you get to keep and drive your car, while you make the monthly payments.

Can I Get A Loan Using A Car As Collateral?

We can help you to get a loan using a car as collateral, in fact, we can also help you if you want to use your motorcycle as collateral, as long as you have the required equity in the vehicle, we can help you.

Apply for your loan with a car as collateral today, it is fast and easy to get approved. It is like getting a personal loan with the car as collateral.

Vehicle Collateral Loans

Referring back to the question at hand “what happens when I use my car as collateral?”, we can explain the whole process to you since it is incredibly simple.

You will be able to get personal loans with a car title as collateral. our vehicle collateral loans will use the equity that you have in your vehicle, so you can get the money that you want,

Car collateral loans are not approved on your credit score, they are approved on the equity value of your vehicle. We will also need to verify your income, to make sure that you will be able to afford the monthly payments on your auto collateral loan.

Documents Needed For A Loan With Car As Collateral 

You will only need to provide a few documents to us so we can approve you as quickly as the next business day. These include:

  • The original vehicle title shows sole ownership
  • A government-issued identification matching the name on the title
  • Some proof of residency matching the name on the title
  • Your current vehicle registration
  • Proof of vehicle insurance
  • Some proof of income or ability to repay the loan
  • Names and phone numbers of four references
  • Six pictures of the vehicle from all four sides as well as the VIN plate and the odometer
Can I use my car as collateral for a title loan? i
We will show you how to use your car as collateral for a title loan

Paying Off Your Car Collateral Loan

You will get funding from us in a quick way with flexible loan terms that perfectly fit your unique circumstances. You will have scheduled monthly payments to make; however, since there are no prepayment penalties, you can pay down the collateral loan as fast as you like and by doing so avoid some accruement of interest.

If you have any struggles along the way, we encourage you to contact us at any point during the life of the collateral loan to express your worries. Helping you through the collateral loan process.

We want to see you succeed. When using your car as collateral for a personal loan, you can get the money you need today and you can pay it off tomorrow with no prepayment penalties.

Get Your Title As Collateral

After you have fully repaid the collateral loan, we will sign your title to signify that we have officially released the lien we originally placed on the title. We will mail the title back to you or you can pick it up in person if you wish.

After receiving your returned title, everything will be back as it was before except you are, hopefully, better off financially than you were before. You can get a loan using a car’s equity, and once you have paid it off, your title will be sent to you.

Can I Use My Vehicle As Collateral For A Loan?

You can use your vehicle as collateral for a loan, we will use the equity that you have in your vehicle, so it will depend on the amount of equity that you have that will determine how much money you can get.

If you want to know how to use a car as collateral for a loan, it is easy, with the equity of your vehicle we will determine how much money we can give to you, the more equity that you have, the more money we can give to you.

So when you want to get a loan using a car as collateral, it is important to know how much equity you have in your vehicle, we use the Kelly Blue Book, to determine how much equity you have in your vehicle.

Conclusion For Car Collateral Loans

After learning everything you need to know, are you interested in using your car as collateral for a loan? If yes, we are glad to hear it we can get you a personal loan with a car title as collateral.

We have collateral loan agents waiting by the phone with extended business hours who would be happy to answer your questions. So if you are wondering can I use my car for a collateral loan? As you can see we are able to use your car for a collateral loan.

If you have decided that you would like to apply for a TFC Title Loan then get started with our online application or apply over the phone today!

Here is some more information on Collateral Loans.


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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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