{"id":879924,"date":"2020-09-14T13:05:19","date_gmt":"2020-09-14T17:05:19","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=879924"},"modified":"2025-04-15T02:28:52","modified_gmt":"2025-04-15T06:28:52","slug":"second-lien-title-loans","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/car-title-loans\/second-lien-title-loans","title":{"rendered":"Getting a car title loan on a financed car"},"content":{"rendered":"

Second lien title loans are a lot like car title loans except they don\u2019t require your car to be paid off to secure your loan. This means that your vehicle can be used as collateral against a new loan even if you still owe money on it.<\/p>

The main difference is that the lender giving you the new loan will have to take on more risk if you end up defaulting because the lender that initially financed your car has first dibs on being repaid.<\/p>

Learn more about how second lien title loans work and find out how you might be able to benefit from one today.<\/p>

Can I get a 2nd title loan?<\/h3>

Yes! Second lien title loans allow you to use your vehicle as collateral to secure personal financing. What sets these loans apart from car title loans is that your vehicle doesn\u2019t have to be paid off before you can secure a second loan. You can think of it as getting a car title loan on a financed car.<\/p>

Compare car loan options<\/h3>
\n
\n <\/div>\n
\n
\n
<\/div>
7 of 7 results<\/span><\/small><\/div><\/div><\/div>
<\/div>
\n APR Range\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Loan Amount\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Loan Term\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Broker Compliance\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Key Features\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>
8.99% - 35.00%<\/span><\/span><\/div><\/td>
$500 - $60,000 <\/span><\/div><\/td>
3 - 120 months<\/span><\/div><\/td>
\n Note: LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.\n <\/div><\/td>
Key features: Pre-approval in five minutes, compare multiple loan options at once<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
8.99% - 35.00%<\/span><\/span><\/div><\/td>
$500 - $50,000 <\/span><\/div><\/td>
4 - 60 months<\/span><\/div><\/td>
\n Note: Loans Canada is a loan search platform. Apply once to get matched with lenders based on your credit and borrowing requirements.\n <\/div><\/td>
Key features: Compare multiple loan options at once, accepts good and bad credit<\/b><\/div><\/td>
Go to site<\/a><\/use><\/svg>View details<\/span><\/a>
Compare product selection<\/legend>
<\/div>
\"Fast
<\/div>
Fast Access Financial Vehicle Title Loan<\/span><\/span><\/div><\/td>
15.75% - 35.00%<\/span><\/span><\/div><\/td>
Up to $10,000 <\/span><\/div><\/td>
12 - 36 months<\/span><\/div><\/td>
<\/div>
\"Prudent
<\/div>
Prudent Car Title Loan<\/span><\/span><\/div><\/td>
19.99% - 34.99%<\/span><\/span><\/div><\/td>
Up to $50,000 <\/span><\/div><\/td>
6 - 48 months<\/span><\/div><\/td>
<\/div>
\"Fast
<\/div>
Fast Action Finance Car Title Loan<\/span><\/span><\/div><\/td>
Not Disclosed<\/span><\/div><\/td>
Up to $25,000 <\/span><\/div><\/td>
Not available<\/span><\/div><\/td>
<\/div>
\"Pit
<\/div>
Pit Stop Car Title Loans<\/span><\/span><\/div><\/td>
8% - 29%<\/span><\/div><\/td>
$1,000 - $25,000 <\/span><\/div><\/td>
N\/A<\/span><\/div><\/td>
<\/div>
\"getloanapproved.com<\/a>
<\/div>
getloanapproved.com Vehicle Title Loan<\/a><\/span><\/div><\/td>
8.00% - 29.00%<\/span><\/span><\/div><\/td>
$1,000 - $50,000 <\/span><\/div><\/td>
12 - 72 months<\/span><\/div><\/td>
Key features: Easy approvals, paid off car as collateral<\/b><\/div><\/td>
<\/div>