When unexpected expenses arise and you need quick cash, title pawns or title loans can provide an immediate financial solution. These secured loans allow you to use the equity in your vehicle—whether it’s a car, motorcycle, RV, or specialty vehicle—as collateral while you continue to drive it. At TFC Title Loans, we connect you with licensed lenders nationwide, helping you get the funds you need quickly, responsibly, and with transparent terms.
This guide covers everything you need to know about title pawns and title loans, including types, refinancing options, eligibility requirements, and how to apply. Here at TFC Title Loans, we have been helping people since 1994.
All of our lenders, comply with the rules and regulations of the state and federal laws.
What is a Title Pawn?
A title pawn is a secured loan where your vehicle title is used as collateral to obtain cash. While the terms “title pawn” and “title loan” are often used interchangeably, the process is the same:
- The loan amount is based primarily on the equity in your vehicle, not your credit score.
- The lender holds your title while you continue to drive your vehicle.
- If you fail to repay, the lender may repossess the vehicle.
Title pawns are particularly helpful for individuals with bad credit or limited access to traditional loans.
Daniel Joelson, consumer finance expert, says:
“Title pawns can be a practical solution for urgent cash needs, but it’s crucial to understand the terms and ensure you can meet repayment obligations.”
For more on applying for a title loan, see our Apply for a Title Loan page.
How Title Pawns Work
The process of securing a title pawn is fast and straightforward:
- Submit an Application – Apply online through our website or in person. Include details about your vehicle (make, model, year, mileage).
- Provide Required Documents – Typically your vehicle title, proof of income, government-issued ID, proof of insurance, and proof of residency.
- Vehicle Assessment – Some lenders require a brief vehicle inspection or photos to determine value.
- Receive Your Funds – Upon approval, funds can be disbursed via direct deposit or in-person pickup, often within 24 hours.
- Repay Your Loan – Choose a repayment plan that works for your budget. Once fully repaid, your title is returned.
For help calculating monthly payments, see our Title Loan Calculator page.
Types of Title Loans & Pawns
Different types of title loans cater to different vehicles and repayment preferences. Understanding your options helps you choose the best fit:
- Car Title Loans – The most common type; use your fully owned car’s title as collateral. Learn more.
- Motorcycle Title Loans – Use your motorcycle as collateral while continuing to ride it. See Motorcycle Title Loans.
- RV & Recreational Vehicle Title Loans – Perfect for motorhomes, campers, or travel trailers with higher values.
- Commercial Vehicle Title Loans – For work trucks, delivery vans, or fleet vehicles to support business cash flow.
- Classic & Specialty Vehicle Title Loans – Vintage or collectible vehicles can qualify based on market value and condition.
- Installment Title Loans – Repay in scheduled monthly payments instead of a lump sum.
- Single-Payment Title Loans – Full repayment due in one lump sum, usually within 30 days.
- Online Title Loans – Apply and receive funds digitally, with remote verification and electronic funding. Learn more.
Title Pawn Refinancing
If you already have a title pawn or title loan, refinancing can help you:
- Lower your monthly payments by replacing a high-interest loan with more affordable terms.
- Consolidate multiple loans into a single payment.
- Access remaining equity in your vehicle for additional cash.
Refinancing, also called a title pawn buyout, allows you to replace your existing loan with better terms while keeping your vehicle.
Benefits of Title Pawns
Title pawns offer several advantages for borrowers:
- Fast Access to Cash – Funds often available the same day.
- Keep Driving Your Vehicle – Unlike selling or pawning the car, you maintain possession.
- Flexible Credit Requirements – Approval is based on vehicle equity rather than credit score.
- Nationwide Access – Work with licensed lenders across multiple states.
- Variety of Loan Types – From installment loans to single-payment, car to RV, we have options for all needs.
Eligibility Requirements
To qualify for a title pawn, you typically need:
- A clear vehicle title in your name (no liens).
- Valid government-issued ID.
- Proof of income to demonstrate repayment ability.
- Proof of insurance on the vehicle.
- Bank account (for direct deposit of funds, if required).
Specific requirements may vary by lender and state.
Risks & Considerations
While title pawns are convenient, borrowers should be aware of:
- High interest rates – Costs can exceed traditional loans.
- Vehicle repossession risk – Failure to repay can result in losing your vehicle.
- Debt cycle – Repeated borrowing can increase total costs if not managed responsibly.
Borrow responsibly and explore alternatives such as personal loans, payday alternative loans, or borrowing from family/friends.
Frequently Asked Questions
Find out more information with our FAQ title loan page.
Can I get a title pawn with bad credit?
Yes, credit is not the main factor—vehicle equity is what matters most.
Can I keep driving my vehicle?
Yes, you maintain possession during the repayment period.
How much can I borrow?
Up to 80% of your vehicle’s wholesale value, depending on the lender.
What if I cannot repay?
The lender may repossess your vehicle. If you already have a loan, refinancing options may help avoid repossession.
Apply for a Title Pawn
Getting a title pawn is simple:
- Fill out our online application.
- Submit required documents.
- Review loan offers from licensed lenders.
- Receive your funds quickly.
For a step-by-step guide for other types of title loans, see:
Why Choose TFC Title Loans
Since 1994, TFC Title Loans has helped thousands of borrowers access quick cash through vehicle equity. Our nationwide network ensures:
- Licensed, compliant lenders
- Transparent loan terms
- Flexible repayment options
- Competitive rates and fast funding
Apply today and get the financial relief you need with confidence.
Here is some information on Pawning
