Can I Get a Title Loan if I'm Still Making Car Payments?

May 15, 2025

In today's day and age, it doesn't hurt to have a backup plan in the event of a financial crisis. Car title loans are many people's go-to solution when they're short on funds or dealing with unexpected expenses. There are many reasons for this, like the chance of a quick process or the appeal of low interest rates for a short-term loan.

Another important element that makes car title loans so appealing is that you don't need to meet a long list of requirements to qualify for the loan. This way, you can sidestep the most stressful parts of the loan process when dealing with banks and credit unions.

Since car title loans are calculated from the vehicle's value, it's natural to have questions about this particular aspect of the loan. Which cars qualify for the loan? Do I need to be the vehicle's legal owner? Today, we'll focus on these questions, and more specifically, what happens when you apply for the loan while still making car payments?

Car Title Loans: A Straightforward, Effective Option

Like many other loan services, car title loans grant borrowers a specific amount of money once something is presented as collateral. In this case, clients are expected to bring a clear title corresponding to the vehicle that will be used for the loan. The title serves as collateral, so clients can drive their cars freely during the repayment period. Other advantages that make car title loans so accessible include:

• The opportunity to qualify for the loan regardless of your credit history. People with bad credit are as eligible as everyone else, and subsequent payments don't affect your credit score in any way.


• Low interest rates to make monthly payments with less stress.


• A quick process where borrowers can get the money they need after a single in-person visit. This comes in handy during emergencies and for clients who work with a tight schedule.


• A short-term loan that reduces the chances of falling into debt.

Going back to the first point, almost anyone can qualify for a car title loan in Florida as long as they have a steady income and all their papers in order. The process is also very flexible when it comes to the vehicles you can use for the loan, with all makes and models being allowed. Of course, the vehicle's overall condition plays a big part in the amount of money you can get in the end, so keep that in mind if you plan on using an old car with considerable mileage.

Getting a Car Title Loan While Making Your Car Payments

Regarding the main question of this blog post, the short answer is 'yes', but there are various elements to consider.

For starters, one common scenario in these cases is to apply for the loan with a different car since the process requires a free and clear title. Dealing with ongoing car payments involves a new set of risks for the company, ultimately affecting the client's eligibility for the loan. If you have the means to pay for the loan, we encourage you to consider enlisting the assistance of a friend or family member so you can use a different vehicle for the process, but we also know that this option is off the table for many people, so what's the next step?

Some loan companies may ask you to verify important information about the purchase transaction and payment, so you'd be expected to share additional documents that aren't listed among the company's standard requirements. You could also be offered the option to complete the loan with a refinanced car. Basically, the title loan provider could also settle any outstanding balance with your original lender and then apply any remaining funds to your new loan.

Lastly, you have the option to ask for an auto equity loan instead, but keep in mind that you won't be eligible for the same amount of money you'd get with a car title loan. The paperwork involved is also a bit more complex, and you can expect more scrutiny around your payment records.

Nothing stops you from applying for a car title loan while making your car payments, but it's up to the company to accept the application and settle the terms of the loan. Communication is key: don't be afraid to ask the loan specialist about this option, how it affects your qualifications for the loan, how much money you're eligible for in these cases, and any additional requirements.

Looking for a Car Title Loan in Florida? We're Here to Assist You!

Get the money you need when you need it without having to follow a long, stressful process! Quick Cash Auto Loans will provide specialized services and Florida's most competitive monthly rates, so you can get your money fast and stay on top of your payments without falling into debt. You can always contact our specialists by calling (786) 600-3411 or by filling out the application form. Car title loans are the perfect way to secure your financial freedom, and Quick Cash Auto Loans is ready to help you along the way!