California auto title loans | finder.com
SR-22 in California

Compare California auto title loans

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Explore state regulations for these short-term loans and find a reputable lender.

When you have poor credit, traditional financing may not be able to help you cover an unexpected expense. An auto title loan is an alternative that can get you money quickly.

California recently passed a law tightening regulations on its auto title loans, but these can still get expensive or lead to a cycle of debt if you aren’t careful.

Our top pick: Max Cash Title Loans

  • Max. Loan Amount: $50,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies by lender
  • Requirements: Must be a US citizen or permanent resident, 18 or older with a regular source of income.
  • No bank account required
  • No prepayment penalty
  • Bad credit OK

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
  • Turnaround Time: 1 business day
  • Loan Term: Varies by lender
  • Requirements: Must be a US citizen or permanent resident, 18 or older with a regular source of income.
Promoted

Compare auto title loan options in California

Updated June 16th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$50,000
1 business day
Must be a US citizen or permanent resident, 18 or older with a regular source of income.
With a quick online application, Max Cash could help connect you with a lender, finding you options in minutes.
$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).
Quickly find a lender and potentially borrow up to $10,000 by using this auto title loan connection service.
$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.
A LoanMart auto title loan allows you to borrow money against your car, even if you have bad credit.
$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.
Short-term loans secured by your car title. Repayments accepted through MoneyGram if you don't have a bank account.
$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.
Auto title loans on cars and motorcycles to people in 16 states across the US.

Compare up to 4 providers

Where can I get an auto title loan in California?

Auto title loans are available at stores across California, from major cities like Los Angeles and San Francisco to smaller towns scattered throughout the state. Many lenders allow you for applying and preapproval online, which speeds up the process and keeps you from wasting time on a loan you might not qualify for.

Still, because lenders use your car as collateral to secure the loan, you’re ultimately required to visit a physical storefront to have your car inspected for its value in case you default. You’ll also sign off on the loan with an in-office rep.

Title loan locations in California

Online auto title loans in California

Many lenders offer online preapproval forms you fill out to see how much you might be able to borrow based on your income, vehicle and other personal information.

Applications vary by provider, but you can expect to follow general steps when applying online:

  1. Read over your options and compare lenders.
  2. Click Go to Site to start an application.
  3. Complete the application with your personal and financial information.
  4. Wait for preapproved for an auto title loan.
  5. Set an appointment for the lender to inspect your car.
  6. Visit the nearest storefront to have your car inspected and complete your application.

When you apply online, check the lender’s page for a secure “https” URL and notification that it abides by California state law.

What are the auto title loan laws in California?

California updated its title loan regulations on January 1, 2019:

  • Caps on interest rates. Interest rates must be no more than 3% of the loan balance per month — about 36% per year.
  • Caps on fees. Administrative fees can be as high as $75 for loans up to $4,999, with no fee caps for loans of $5,000 or more.
  • Late fees. If you’re late on a payment, lenders can charge a fee of $10 for the first 10 days and $15 for each day after.
  • Repossession. Your lender can repossess your vehicle if you’re late on a payment by just one day or there’s a breach in your contract. Carefully read the terms of your loan to ensure you know exactly what’s expected of you.

Auto title loan requirements in California

California law doesn’t outline specific borrower or vehicle requirements for its auto title loans. However, you’ll need to meet basic eligibility criteria that includes:

  • Ownership of a lien-free car title.
  • Government-issued ID, such as a driver’s license or passport.
  • At least 18 years old.

Lenders may also require other factors to qualify, like proof of a minimum income.

Alternatives to consider before taking out a title loan

Even with the new law, California title loans can be high-cost and risky. The upside is that you have other options for short-term cash.

  • Installment loans. An installment loan is an unnsecured short-term loan, meaning that you’ll get higher rates but won’t risk having your car seized.
  • Payday Alternative loans (PALs). PALs from a credit union are small-dollar loans are designed to give more options to borrowers with lower credit scores.
  • Local resources. You may also want to look into local financial programs in California that could provide long-term solutions to recurring short-term loans.

Bottom line

An auto title loan can be useful if you have bad credit and need to pay unexpected bills. However, because of California’s lax regulations, they can quickly become more expensive than you can afford. Read the terms of your loan carefully, and borrow only what you need.

To learn more, read our guide to auto title loans.

Frequently asked questions

Image source: Shutterstock

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US Payday Loans Offers

Important Information*
Logo for CashNetUSA Loan
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Logo for Check into Cash Payday Loan
Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

Logo for OppLoans Installment Loans
OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

Go to site