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Alternatives to Turbo Title Loan

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Turbo Title Loan is no longer in business. Consider these auto title loans you can apply for today.

Facing a tough financial situation and need access to cash — fast? If you were thinking of borrowing from Turbo Title Loan and visited its site recently, you probably noticed things have changed. Even though you can’t apply with this lender anymore, there are still other options for you to consider.

Max Cash Title Loans

Our top pick: Max Cash Title Loans

With a quick online application, Max Cash could help connect you with a lender, finding you options in minutes.

  • Max. Loan Amount: $50,000
  • Loan Term: Varies by lender
  • Turnaround Time: As little as 1 business day
  • No bank account requirement.
  • Not available in 12 states: CO, CT, DC, HI, MT, NE, NJ, NY, OR, SC, SD or WY.

    Can I still get an auto title loan from Turbo Title Loan?

    No. As of May 31, 2018, Turbo Title Loan stopped offering loans. When you visit its site, you’ll be directed on how to make payments on outstanding balances if you’re an existing borrower.

    Otherwise, you can’t access the online application.

    turbo title loans website out of business

    Top 3 alternative title loan providers to consider

    These providers offer loans in many of the same states as Turbo Title Loan and have similar terms.

    1. Max Cash

    Max Cash is a title loan connection service that operates in 46 states. Not every lender affiliated with Max Cash requires a bank account, and you could qualify for a loan from 50% to 90% of your vehicle’s value. You can apply for a loan or refinance, and Max Cash will go through its lenders to find a service that works for you.

    • Loan amounts: Up to $50,000
    • APR: Varies by lender
    • Loan terms: Varies by lender

    Max Cash doesn’t provide loans to residents of Colorado, Connecticut, Hawaii, Montana, Nebraska, New York, Rhode Island, South Dakota, Washington or Wyoming.

    Max Cash review

    2. LoanMart

    LoanMart is a direct auto title lender. Unlike some providers, which only allow you to borrow a percentage of what your car is worth, LoanMart may be able to finance up to 120% of your vehicle’s value. You can continue to drive your car while you have a loan out, but remember: Since you’re using your car as collateral, you risk losing it if you can’t repay.

    • Loan amounts: $1,000 to $50,000
    • APR: 60%–180%
    • Loan terms: 1 year(s) – 5 year(s)

    LoanMart only provides loans to residents of Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina and Utah.

    LoanMart review

    3. Finova Financial

    Finova Financial isn’t the most widespread auto title lender, but you don’t need to have a bank account and it offers longer terms than most auto title loans. However, online payments through MoneyGram can be costly, and Finova Financial also requires that you have comprehensive and collision insurance on your car before you borrow.

    • Loan amounts: $750 to $5,000
    • APR: 30% (maximum)
    • Loan terms: 1 year(s) – 2 year(s)

    Finova Financial provides loans to residents of Arizona, California, Florida, New Mexico, South Carolina, Tennessee and Oregon.

    Finova Financial review

    What are my other options?

    • Choose another title loan provider. Turbo Title Loan isn’t the only title loan provider out there. You can compare your options to find another auto title lender near you that offers similar loan amounts and terms.
    • Check out other short-term options. A payday loan allows you to borrow a small amount, but the payback time is quick — usually just two weeks. On the other hand, installment loans are for larger amounts and have longer terms.
    • Consider seeking alternatives. Sometimes a title loan or short-term loan doesn’t suit your needs. You can browse some alternatives if you don’t want to take out a new loan.

    Beware of high fees

    Auto title loans are costly. Often, you have only a month or two to repay your loan before it’s due, and interest rates tend to be in the hundreds. Defaulting on an auto title loan is risky.

    You could hurt your credit score, or worse, lose your car. Before you borrow, make sure you can afford to repay your loan on time to avoid excess fees and the possibility of repossession.

    Compare more auto title loans

    Rates last updated August 22nd, 2018
    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. Not available in the following states: CO, CT, DC, HI, MT, NE, NJ, NY, OR, SC, SD or WY.
    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, TN or OR. 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

    Bottom line

    Turbo Title Loan may be going out of business, but that doesn’t mean you’re left without options. Max Cash, LoanMart and Finova Financial are our recommended alternatives, but you can also compare more title loans to find a lender that can help you when you need a little extra money.

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    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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