Car Title Loans

Frequently Asked Questions


Find the most popular questions we get regarding our car title loans below. Here at A Car Title Loan, we’re interested in that you not only apply for a title loan and get funded, but that you are also well informed on the facts about your loan. We won’t stop until each one of your concerns is addressed, so don’t hesitate to contact us if, after reading through our FAQ, you still have further questions.


Car title loans use your car as collateral. In exchange for your car’s title, a lender may offer to lend you a percentage of its equity. The title is returned once the balance of the loan is repaid. It’s as simple as that.

Automobile title loans use your truck or van as collateral. In exchange for your truck or van’s title, you will receive a percentage of the equity in the vehicle as a loan. Then, when the balance of the loan is repaid, you get the title back.
“Pink slip loan” is a balloon term used to describe car title loans and automobile title loans. Pink slip is synonymous with “vehicle title” and therefore a pink slip loan is the same thing as a title loan. The term is sometimes preferred, as it better describes the conditions of the loan, where the lender obtains the pink slip for a vehicle in exchange for lending a percentage of the vehicle’s equity to a borrower. Although the lender technically owns the vehicle during the loan period, the borrower is allowed to maintain use of the vehicle while loaning. After the loan has been repaid, the pink slip is returned to the borrower, its original owner. Sound simple? It is! Don’t wait any longer. Fill out our online application, on the left, today to get started.
The three are different terms for very similar transactions. In each, a lender allows a customer to borrow a percentage of his vehicle’s equity in exchange for the vehicle’s title. Car title loan is used for car and automobile title loan is used for trucks and vans. When a lender deals in “high risk” vehicles such as motorcycles or all terrain vehicles (ATVs), the term auto title loan may be used, though this is not always the case. Pink slip loan is a balloon term used to describe any loan of this nature. A Car Title Loan only deals in cars, trucks and vans. Any reference to auto title loan is simply to avoid repetition.
Pink slip loans are based on the value of the vehicle associated with the pink slip. As such, credit has very little effect on the typical pink slip loan company’s decision to lend to any specific individual. Credit will be run, but only to edify the lender as to the activities and habits of the borrower. These, alongside a slew of other factors, will be used to create a comprehensive risk report before a final lending decision is made. For a full list of factors that go into the approval process, contact a car title loan representative at (855) 779-8783
Since the decision to lend is made in-house, the approval process usually takes a good deal less than 30 minutes. A potential borrower beginning the process unprepared is the main cause of delays. After you are approved for a car title loan, you can stop by the office nearest you to pick up your money in as little as one hour. There are offices throughout California. For the office nearest you, visit our Locations page. After you are approved for a car title loan, you can stop by the office nearest you to pick up your money in as little as one hour. There are offices throughout California. For the office nearest you, visit our Locations page.
The amount a customer can borrow is linked directly to his car’s equity. To check the value of your vehicle, visit Kelly Blue Book’s website and enter the make, model and year of your vehicle. Depending on the lender’s evaluation of the borrower, up to 50% of the vehicle’s value may be available to borrow.
Yes, A Car Title Loan allows its customers to continue to use their vehicles while lending.
The period varies; depending on the agreement the car title loan representative and the borrower negotiate. The period is never longer than 36 months (3 years).

Paying off a loan early is encouraged. You will not be penalized for paying back your loan early. The longer a borrower keeps his loan active, the higher the risk of default. With such reasonable terms, car title loans are recommended by consumer protection agencies as superior to other types of short term loans. Be smart with your financial future. Complete our online application today to start the process. With such reasonable terms, car title loans are recommended by consumer protection agencies as superior to other types of short term loans. Be smart with your financial future. Complete our application today today to start the process.

The main reason a customer would choose A Car Title Loan over a bank is that he did not qualify for a bank loan. Some customers choose pink slip loans because of the short approval process time. A pink slip loan can also have a lower interest rate if repaid within a month.

Payday loans are extremely short-term loans that are usually issued for small amounts of money. A borrower has longer to repay an automobile loan and can borrow significantly more than with a payday loan.

Equity is another word for the wholesale value of a vehicle. A lender will base the amount loaned on the equity of the vehicle used as collateral. The loan amount is usually 50% or less of the vehicle’s equity. For more information about A Car Title Loan and our long history of superior lending practices, visit the About page.

Yes. You must be a California, Arizona, or New Mexico resident and be able to prove residency. We have offices throughout California, Arizona, and New Mexico.

Yes, the vehicle must be completely owned by the borrower.

No, but the borrower must be able to prove an income that can cover the minimum monthly payments agreed upon in the terms of the loan.

Yes, so long as you can afford the minimum monthly payments agreed upon in the terms of the car title loan.

No, a bank account is not required to qualify for a pink slip loan.

No, the application process is completely free.

Yes, only the legal owner of the vehicle (the person with whom the title is registered) can be approved for a car title loan.

After you are approved and accept the conditions of your pink slip loan, you can pick up your check at the nearest A Car Title Loan location. Visit the Locations page to locate your nearest lender.

Not necessarily. All major DMV paperwork is taken care of by our staff. If there is a major issue, our staff will work with you to resolve it as quickly as possible.

Yes! We are open to lending on classic cars. We determine the value and equity of classic cars based on the CPI Classic and Antique Cars value guide. We will work with you to determine if your classic car qualifies. Contact Us today to find out.

The documents differ from person to person. It will be some variation of mail that validates your residency and paperwork that verifies your income. For a full list of required documentation, call a car title loan representative at (855) 779-8783

No, there will be no modification to your vehicle due to the acceptance a car title loan.