Where can you get a loan against a car that is paid for and it has a clear title?

Answer

Many banks will loan money on newer model cars which are paid off and the owner is in possession of the title. How much depends on the year, make, model, miles and condition of the car. This is probably your best choice since the interest rates are very reasonable (if you have good credit).

There are also title loan establishments that will loan money on car titles, although the interest rate is higher and the terms (the length of the loan) are often very short.

American General Finance has loaned me money on cars that I own outright. You might try them. Their interest rates are better than title loan establishments but worse than a bank loan.

First answer by BillyG. Last edit by BillyG. Contributor trust: 60 [recommend contributor]. Question popularity: 20 [recommend question]