{"id":789,"date":"2018-11-08T12:43:38","date_gmt":"2018-11-08T17:43:38","guid":{"rendered":"https:\/\/titlelo.com\/learn\/?p=789"},"modified":"2026-08-18T13:06:20","modified_gmt":"2026-08-18T17:06:20","slug":"auto-equity-loans","status":"publish","type":"post","link":"https:\/\/titlelo.com\/learn\/auto-equity-loans\/","title":{"rendered":"Auto Equity Loans: How to Borrow Against Your Vehicle&#8217;s Value"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><img loading=\"lazy\" src=\"https:\/\/i0.wp.com\/titlelo.com\/learn\/wp-content\/uploads\/miniature-figure.jpg?resize=800%2C401&#038;ssl=1\" alt=\"A miniature figure sitting on top of a red toy car next to stacks of coins, representing auto title loans and vehicle equity.\" width=\"800\" height=\"401\"  data-recalc-dims=\"1\"><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#what_is_an_auto_equity_loan\" title=\"What Is an Auto Equity Loan?\">What Is an Auto Equity Loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#how_to_calculate_your_vehicle_equity\" title=\"How to Calculate Your Vehicle Equity\">How to Calculate Your Vehicle Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#auto_equity_loan_vs_title_loan_whats_the_difference\" title=\"Auto Equity Loan vs. Title Loan: What&#8217;s the Difference?\">Auto Equity Loan vs. Title Loan: What&#8217;s the Difference?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#pros_and_cons_of_auto_equity_loans\" title=\"Pros and Cons of Auto Equity Loans\">Pros and Cons of Auto Equity Loans<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#pros\" title=\"Pros\">Pros<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#cons\" title=\"Cons\">Cons<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#what_can_you_use_the_money_for\" title=\"What Can You Use the Money For?\">What Can You Use the Money For?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#ready_to_borrow_against_your_vehicle\" title=\"Ready to Borrow Against Your Vehicle?\">Ready to Borrow Against Your Vehicle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#frequently_asked_questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#what_is_the_difference_between_an_auto_equity_loan_and_a_title_loan\" title=\"What is the difference between an auto equity loan and a title loan?\">What is the difference between an auto equity loan and a title loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#can_i_get_an_auto_equity_loan_if_my_car_isnt_fully_paid_off\" title=\"Can I get an auto equity loan if my car isn&#8217;t fully paid off?\">Can I get an auto equity loan if my car isn&#8217;t fully paid off?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#how_much_can_i_borrow_against_my_car\" title=\"How much can I borrow against my car?\">How much can I borrow against my car?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/#do_i_need_good_credit_to_get_a_vehicle_equity_loan\" title=\"Do I need good credit to get a vehicle equity loan?\">Do I need good credit to get a vehicle equity loan?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p>An auto equity loan is a secured loan that lets you borrow against the value of your vehicle, without selling it. Your car stays in your driveway; you use its equity to access cash quickly.<\/p>\n<p>Titlelo connects borrowers with a network of title loan lenders across the country, and for vehicle owners who hold a clear, lien-free title, a title loan is the practical way to unlock that equity.<\/p>\n<p>This page explains how auto equity loans work, how they compare to title loans, and whether Titlelo&#8217;s network may be a fit for your situation.<\/p>\n<p><b><a href=\"https:\/\/titlelo.com\/apply\/\">Apply for a Title Loan<\/a><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_is_an_auto_equity_loan\"><\/span>What Is an Auto Equity Loan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An auto equity loan, sometimes called a car equity loan, vehicle equity loan, or pink slip loan, is a type of secured loan where the amount you can borrow is based <b>on your vehicle&#8217;s equity<\/b>. Equity is simply the difference between what your car is currently worth on the market and what you still owe on it, if anything.<\/p>\n<p>Because the loan is backed by a physical asset, lenders can approve borrowers <b>with bad credit or no credit history at all<\/b>. The vehicle&#8217;s value does most of the qualifying work, not your credit score. You keep driving your car throughout the loan term; the lender holds your title as collateral, not your keys.<\/p>\n<p>This type of borrowing goes by several names depending on the lender and the state you&#8217;re in. Whether you&#8217;ve seen it called a car equity loan or a vehicle equity loan, the core idea is the same: your vehicle&#8217;s value secures the funds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how_to_calculate_your_vehicle_equity\"><\/span>How to Calculate Your Vehicle Equity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before applying, it helps to know roughly how much equity you&#8217;re working with. The formula is straightforward:<\/p>\n<p><b>Equity = Current Market Value \u2212 Remaining Loan Balance<\/b><\/p>\n<ul class=\"checkbox\">\n<li>If your car is worth $15,000 and you still owe $4,000 on it, your equity is $11,000.<\/li>\n<li>If your vehicle is fully paid off, 100% of its market value counts as equity.<\/li>\n<li>Lenders typically advance between <b>25% and 50%<\/b> of a vehicle&#8217;s current market value as a loan amount, though this varies by lender and state.<\/li>\n<\/ul>\n<p>To estimate your car&#8217;s current market value, tools like <b>Kelley Blue Book<\/b> or <b>Edmunds<\/b> give reliable ballpark figures based on your vehicle&#8217;s make, model, year, mileage, and condition. For borrowers who own their vehicle outright, that full market value is the equity base, which is exactly how title loans through Titlelo&#8217;s lender network are assessed.<\/p>\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" src=\"https:\/\/i0.wp.com\/titlelo.com\/learn\/wp-content\/uploads\/hands-holding-small-blue-toy-car.jpg?resize=800%2C400&#038;ssl=1\" alt=\"Hands holding a small blue toy car in one palm and a pile of coins in the other, representing an exchange for a title loan.\" width=\"800\" height=\"400\"  data-recalc-dims=\"1\"><\/p>\n\n\n<h2><span class=\"ez-toc-section\" id=\"auto_equity_loan_vs_title_loan_whats_the_difference\"><\/span>Auto Equity Loan vs. Title Loan: What&#8217;s the Difference?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These two terms are often used interchangeably, and in many cases, they describe the same outcome: cash in hand, secured by your vehicle. But there are practical differences worth understanding, especially when it comes to what Titlelo&#8217;s lender network offers.<\/p>\n<table style=\"border-collapse:collapse;border-spacing:0\" class=\"tg\">\n<thead>\n<tr>\n<th style=\"background-color:#007aff;border-color:inherit;border-style:solid;border-width:1px;color:#ffffff;font-family:Arial, sans-serif;font-size:16px;font-weight:bold;overflow:hidden;padding:10px 5px;text-align:center;vertical-align:top;word-break:normal\"><span style=\"font-weight:700;font-style:normal;text-decoration:none\">Feature<\/span><\/th>\n<th style=\"background-color:#007aff;border-color:inherit;border-style:solid;border-width:1px;color:#ffffff;font-family:Arial, sans-serif;font-size:16px;font-weight:bold;overflow:hidden;padding:10px 5px;text-align:center;vertical-align:top;word-break:normal\"><span style=\"font-weight:700;font-style:normal;text-decoration:none\">Title Loan (Titlelo&#8217;s Network)<\/span><\/th>\n<th style=\"background-color:#007aff;border-color:inherit;border-style:solid;border-width:1px;color:#ffffff;font-family:Arial, sans-serif;font-size:16px;font-weight:bold;overflow:hidden;padding:10px 5px;text-align:center;vertical-align:top;word-break:normal\"><span style=\"font-weight:700;font-style:normal;text-decoration:none\">Auto Equity Loan (Other Lenders)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Vehicle ownership requirement<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Clear, lien-free title required<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">May work with a remaining loan balance using the equity portion<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Loan basis<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Percentage of the vehicle&#8217;s current market value<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Equity portion of the vehicle&#8217;s value<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Repayment terms<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Typically 30-day terms; installment options available through some lenders<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Often longer repayment periods at traditional lenders<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Credit check<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Generally, no hard credit check required<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">May require a credit check, depending on the lender<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Funding speed<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Same-day or next-business-day in most cases<\/span><\/td>\n<td style=\"background-color:#ffffff;border-color:inherit;border-style:solid;border-width:1px;color:#141414;font-family:Arial, sans-serif;font-size:16px;overflow:hidden;padding:10px 5px;text-align:left;vertical-align:top;word-break:normal\"><span style=\"font-weight:400;font-style:normal;text-decoration:none;color:#141414\">Varies widely by lender type<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For a borrower who owns their vehicle outright, a title loan and an auto equity loan are effectively the same product; the full market value is the equity, and the loan is based on that figure.<\/p>\n<p>Titlelo&#8217;s network of lenders works specifically with borrowers who hold a clear title. If you still carry a loan balance on your vehicle, Titlelo&#8217;s lenders may not be the right fit; you can learn more about <a href=\"https:\/\/titlelo.com\/learn\/title-loan-on-financed-car\/\">borrowing on a financed car<\/a> for those options.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"pros_and_cons_of_auto_equity_loans\"><\/span>Pros and Cons of Auto Equity Loans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Like any financial product, auto equity loans come with real advantages and real risks. Here&#8217;s an honest look at both:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"pros\"><\/span>Pros<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul class=\"checkbox\">\n<li>No hard credit check: Approval is based on vehicle value and proof of income, not credit history \u2014 making this accessible to borrowers with bad or no credit.<\/li>\n<li>Fast funding: Many borrowers receive funds the same day or the next business day after approval.\n<p><\/p>\n<\/li>\n<li>You keep your car: You continue driving your vehicle throughout the loan term.<\/li>\n<li>Flexible use of funds: There are no restrictions on what you use the money for.<\/li>\n<li>No obligation to accept: With Titlelo, you can review lender offers before committing to anything.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"cons\"><\/span>Cons<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul class=\"checkbox\">\n<li>Risk of repossession: If you default on the loan, the lender has the right to repossess your vehicle. This is a real consequence and should be taken seriously before borrowing.<\/li>\n<li>Short repayment windows: Title loans typically carry 30-day terms, which can be difficult to manage if your financial situation doesn&#8217;t stabilize quickly.<\/li>\n<li>Higher interest rates: Because these loans are short-term and require no credit check, rates are generally higher than traditional bank loans. Terms vary by state and lender.<\/li>\n<li>Loan amount is tied to vehicle value: Older or high-mileage vehicles may qualify for less than expected.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"what_can_you_use_the_money_for\"><\/span>What Can You Use the Money For?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once the funds are deposited into your account, they&#8217;re yours; no lender approval needed for how you spend them. Common reasons people take out auto equity loans include:<\/p>\n<ul class=\"checkbox\">\n<li>Medical bills or emergency healthcare costs<\/li>\n<li>Car repairs or unexpected vehicle expenses<\/li>\n<li>Rent or utility arrears<\/li>\n<li>Home repairs<\/li>\n<li>Debt consolidation or covering a shortfall between paychecks<\/li>\n<\/ul>\n<p>You don&#8217;t need to explain or justify the purpose to the lender. The funds are available to use however you need, as soon as they arrive.<\/p>\n<p><\/p>\n\n\n<p class=\"has-text-align-center\"><img loading=\"lazy\" src=\"https:\/\/i0.wp.com\/titlelo.com\/learn\/wp-content\/uploads\/red-toy-pickup-truck.jpg?resize=600%2C400&#038;ssl=1\" alt=\"A red toy pickup truck carrying rolled dollar bills tied to its roof next to an origami dollar sign, representing car title loans and cash equity.\" width=\"600\" height=\"400\"  data-recalc-dims=\"1\"><\/p>\n\n\n<h2><span class=\"ez-toc-section\" id=\"ready_to_borrow_against_your_vehicle\"><\/span>Ready to Borrow Against Your Vehicle?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you own your vehicle outright and need fast access to cash, Titlelo can match you with a title loan lender in your state. The process is free, there&#8217;s no hard credit check, and you&#8217;re under no obligation to accept any offer you receive.<\/p>\n<p><b>Pre-approval may be instant, and loan amounts of up to $25,000 may be available depending on your vehicle&#8217;s value and your state&#8217;s regulations.<\/b><\/p>\n<p><a href=\"https:\/\/titlelo.com\/apply\/\">Apply for a Title Loan<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"frequently_asked_questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"what_is_the_difference_between_an_auto_equity_loan_and_a_title_loan\"><\/span>What is the difference between an auto equity loan and a title loan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The terms are often used interchangeably, but there is a practical distinction. A title loan requires that you own your vehicle outright, meaning you hold a clear, lien-free title.<\/p>\n<p>Some lenders offer auto equity loan products that allow borrowers to access the equity portion of a vehicle they&#8217;re still paying off. Titlelo&#8217;s lender network works with title loans specifically, which means a clear title is required. For borrowers who own their car free and clear, the two products deliver the same result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can_i_get_an_auto_equity_loan_if_my_car_isnt_fully_paid_off\"><\/span>Can I get an auto equity loan if my car isn&#8217;t fully paid off?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Some lenders outside of Titlelo&#8217;s network do offer equity-based products for vehicles that still carry a loan balance. However, Titlelo connects borrowers with title loan lenders, and those lenders require a lien-free title. If your vehicle isn&#8217;t fully paid off, you may need to explore other lender types. Our page on <a href=\"https:\/\/titlelo.com\/learn\/title-loan-on-financed-car\/\">title loans on financed vehicles<\/a> covers this in more detail.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how_much_can_i_borrow_against_my_car\"><\/span>How much can I borrow against my car?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The amount depends on your vehicle&#8217;s current market value, the lender&#8217;s advance rate (typically 25%\u201350% of market value), and the regulations in your state. Loan amounts through Titlelo&#8217;s lender network may be up to $25,000, though individual offers will vary. Tools like Kelley Blue Book or Edmunds can help you estimate your vehicle&#8217;s value before you apply.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do_i_need_good_credit_to_get_a_vehicle_equity_loan\"><\/span>Do I need good credit to get a vehicle equity loan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No. One of the main reasons borrowers choose auto equity loans and title loans is that approval is based primarily on the vehicle&#8217;s value and proof of income \u2014 not credit score. Titlelo&#8217;s lender network generally does not require a hard credit check, making this option available to borrowers with bad credit, limited credit history, or no credit at all. Terms vary by lender and state.<\/p>\n<p><i>Titlelo.com is not a bank, credit union, or lending institution and does not make loans or credit decisions. This article is provided for general informational and educational purposes only. It is not intended to provide financial, legal, tax, or credit advice, and it should not be treated as a recommendation to apply for or accept any particular loan product.<\/i><\/p>\n<p><i>Loan amounts, annual percentage rates, finance charges, fees, repayment terms, eligibility requirements, approval times, and funding times vary by lender, applicant, loan type, and state. Examples included in this article are illustrative and may not reflect the terms you are offered.<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>An auto equity loan is a secured loan that lets you borrow against the value of your vehicle, without selling it. Your car stays in your driveway; you use its equity to access cash quickly. Titlelo connects borrowers with a network of title loan lenders across the country, and for vehicle owners who hold a&#8230; <\/p>\n<div class=\"link-more\"><a href=\"https:\/\/titlelo.com\/learn\/auto-equity-loans\/\">Read More<\/a><\/div>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9sr8f-cJ","_links":{"self":[{"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/posts\/789"}],"collection":[{"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/comments?post=789"}],"version-history":[{"count":10,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/posts\/789\/revisions"}],"predecessor-version":[{"id":1769,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/posts\/789\/revisions\/1769"}],"wp:attachment":[{"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/media?parent=789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/categories?post=789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/titlelo.com\/learn\/wp-json\/wp\/v2\/tags?post=789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}