1 (800) Car-Title auto title loans review January 2019 | finder.com

1 (800) Car-Title auto title loans review

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Get a loan fast for up to 65% of your car’s value.

1 (800) Car-Title offers large loans and accepts motorcycle and RV titles, setting it apart from other title lenders. But its high rates — alongside poor reviews of its parent company — mean you might end up paying more than you bargained for.
Product Name 1 (800) Car-Title
Min Loan Amount$2,000
Max. Loan AmountUp to 65% of the vehicle’s value
Loan SecuritySecured
Turnaround Time1 to 2 business days
RequirementsOwn a car worth more than you want to borrow, have a regular source of income, ages 18+
  • You own a car worth more than you want to borrow.
  • You have a regular source of income.
  • You are at least 18 years old.

What is 1 (800) Car-Title?

1 (800) Car-Title is a short-term lender that offers auto title loans for cars, RVs and motorcycles. Founded in 2001, it’s licensed in eight states and considers applicants with bad credit or no credit history at all.

Car title loans

With a car title loan, you put up your vehicle’s title as collateral for the loan. 1 (800) Car-Title offers loans up to 65% of your vehicle’s trade-in value with minimum that vary by state.

  • Arizona: $2,000
  • California: $2,510
  • Georgia: $3,010
  • Idaho: $2,000
  • Missouri: $2,000
  • New Mexico: $2,510
  • South Carolina: $2,000
  • Utah: $2,000

Loan terms are anywhere from 2 years to 4 years. Terms are longer than most auto title loan lenders offer, but it translates into more interest you’ll pay over the life of your loan — especially with rates that start at 35.5% to 199.99%.

Motorcycle and RV title loans

The process of borrowing a title loan for your motorcycle or RV is similar to getting one for your car. 1 (800) Car-Title works with you to determine the value of your vehicle and the amount you can borrow based on your ability to repay.

What are the benefits of 1 (800) Car-Title?

  • Reports to credit bureaus. Unlike many short-term lenders, 1 (800) Car-Title reports your payments to the three major credit bureaus, which can help build your credit. But take care to avoid missing payments, which can hurt your score.
  • Variety of collateral accepted. Despite its name, 1 (800) Car-Title accepts titles for cars, motorcycles or RVs, giving you more flexibility when you need cash.
  • Refinancing available. If you’re paying on a car title loan with another lender, you might save on interest by refinancing it with 1 (800) Car-Title.

What to watch out for

  • You can lose your car. All auto title loans come with the same risk: If you’re unable to repay your loan on time or default, the lender can repossess your car.
  • Limited state availability. 1 (800) Car-Title is available in eight states only. If you live outside of its serviced areas or too far from a store location, you’ll need to find another auto title lender.
  • High rates. APRs run as high as 199.99%. You could be stuck paying almost $700 a month for a $4,000 loan over four years — a total of about $32,000, most of that in interest.

Compare more auto-title loans providers

Rates last updated January 24th, 2019
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
Max Cash Title Loans
With a quick online application, Max Cash could help connect you with a lender, finding you options in minutes.
$50,000
As little as 1 business day
Must be a US citizen or permanent resident, 18 or older with a regular source of income.
AutoTitleLoans.com Car Title Loans
Quickly find a lender and potentially borrow up to $10,000 by using this auto title loan connection service.
$10,000
Varies by lender
Have a regular source of income, not be involved in any bankruptcy proceedings, be a US citizen or permanent residence, be at least 18 years old (varies by state).
LoanMart Car Title Loans
A LoanMart auto title loan allows you to borrow money against your car, even if you have bad credit.
$50,000
1 business day
Must live in AL, AZ, IL, MO, NM, SC or UT. Must have verifiable income, car value of at least $1,500 and a vehicle that is paid-off or close to being paid-off.
Finova Financial Auto Equity Loans
Short-term loans secured by your car title. Repayments accepted through MoneyGram if you don't have a bank account.
$5,000
as little as one business day
Must live in AZ, CA, FL, NM, SC or TN. Must own your car outright, have a valid car insurance policy and be a US citizen or permanent resident.
TitleMax Auto Title Loans
Auto title loans on cars and motorcycles to people in 16 states across the US.
$10,000
as little as 30 minutes
Must have a lien-free vehicle title, government-issued ID, and be age of majority in your state.

Compare up to 4 providers

Your risk losing your car with an auto title loan.

Unlike other short-term loans, auto title loans are secured by the title of your vehicle. By securing the loan with your car, you might see lower rates than those through a payday or installment loan. But you face worse consequences if you’re unable to pay it back, including repossession of your car.

If you’re not sure you can afford your loan, consider short-term loan alternatives instead. Or browse your payday loan options for quick cash.

Is it safe to apply with 1 (800) Car-Title?

Yes. 1 (800) Car-Title maintains a secure website with industry-standard encryption to keep your personal and financial information safe. It’s licensed in every state it services and advertises a privacy policy that outlines the information it collects through cookies.

In its terms of service, it provides the contact information of its parent company, Wilshire Consumer Credit, for questions or complaints about the website or 1 (800) Car-Title’s services.

What does the Internet say about 1 (800) Car-Title?

There aren’t many reviews on 1 (800) Car-Title beyond its own page on customer testimonials. However, we didn’t have the best experience when we called the lender to get basic information about its rates and loan amounts. We were abruptly put on hold for over five minutes — at which point we just hung up.

Its parent company, Wilshire Consumer Credit, earns a few reviews — most negative. In fact, its Better Business Bureau (BBB) page not only gives it a B rating but also reports government action against the company.

The state of California took legal action against Wilshire Consumer Credit in 2015 after a series of violations against California’s financial codes. These violations included paying unlicensed people to solicit or accept applications for loans. It failed to provide full records and has been ordered to stop these violations. While this doesn’t mean much for the average customer, it suggests that your information might not be safe when it’s not online.

Beyond this, Wilshire Consumer Credit earns a handful of negative reviews and filed complaints from people who say that Wilshire refused to release their title after a loan was paid in full. Others say they were harassed by employees. While this isn’t 1 (800) Car-Title itself, it doesn’t shed a good light on its business practices.

Am I eligible?

1 (800) Car-Title doesn’t have require strict eligibility criteria, but you must meet general requirements:

  • You own a car worth more than you want to borrow.
  • You have a regular source of income.
  • You are at least 18 years old.

You may need to provide government-issued ID, a copy of your car title and other personal information alongside your application.

How do I apply?

Apply for a loan by phone or through the 1 (800) Car-Title website:

  1. Visit 1 (800) Car-Title’s site and complete the form at the top of the page.
  2. Read the Communication Consent and Wireless Policy, E-Sign Policy and the Privacy Policy. Click Next.
  3. Complete information about yourself and your employment, including your Social Security number, driver’s license number, VIN and income. Then click Submit.

Write down your customer code. A representative will call to finalize your application, or you can call 1 (800) Car-Title with your Customer Code for immediate help.

I got an auto title loan. Now what?

Once you have your loan, it’s time to budget for repayments through methods that include:

  • Automatic bank account transfer
  • Online
  • Phone
  • Western Union and MoneyGram
  • Mail
Budget carefully, as you risk losing your car to repossession for failing to make regular payments. You may also pay a fee for late payments, although the exact amount depends on your state and loan terms.

To save on interest, pay off your loan at any time with no prepayment penalty. Larger payments or simply repaying your loan in full when you’re ready can save you hundreds or even thousands of dollars in interest over the life of your title loan.

Bottom line

This established lender offers competitive rates for qualified borrowers and accepts more than just cars as collateral.

But take care: Auto title loans are expensive. And with so many negative reviews of its parent company, read your loan terms carefully before signing a contract.

Frequently asked questions

Kellye Guinan

Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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