Can I get a title loan on an old car?

Quick Answer Yes, you can get a title loan on an old car. The eligibility for a title loan is typically based on the value of the car, rather than its age. As long as your old car has value and you meet other requirements, you can still qualify for a title loan.

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Jack Woerner Answer updated on May 24, 2023

Fact checked by Dwayne Dumesle

It doesn't matter if it's a 2023👶or a 1923👴model, as long as there is value in your vehicle, you can get a title loan.

Learn: Where can I get a title loan?

Title loans are issued based off how much the car can be sold at a fair market value versus the age of a car. It's all about value, value, value, baby!

A vehicle's age is only a factor if the car was not taken care of, then it could lose its value. Bottom line, a lender will still issue a title loan to you on an old car as long as it still has value and you can meet other loan requirements.

If you are attempting to get a auto title loan using your old car as collateral, there are some things that you need to be aware of:

  • The value that the lender believes your car is worth may be lower than what you expect.
  • Some lenders will only accept newer models as collateral because they are easier to sell in the case of a repossession. Older cars typically have a more niche market.
  • Your older car may have some wear and tear on it. High-mileage cars are not very valuable in the secondary market.[1] Because of this, some lenders may charge higher interest rates on an old car vs. a newer car.

If you are sitting on an old '57 Chevy and you want a title loan, you should check out the vehicle's estimated value on reputable site like Kelley Blue Book.

Learn: How much can I get for a title loan?

If your old beater still has some value, a title loan lender will likely be willing to cut you a check! Who knows you may even be surprised by what it's worth!


  1. For Buying or Selling, It Pays To Know Used Car Milestones ↩︎

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