Can you get a title loan on a trailer?

Quick Answer Yes, you can get a title loan on a trailer. Just like with cars or boats, trailers can also serve as collateral for a title loan. The lender will hold the trailer's title until the loan is repaid. However, requirements and terms may vary among lenders.

Samuel Fisher profile picture
Samuel Fisher Answer updated on Jun 14, 2023

Fact checked by Dwayne Dumesle

Yes, you can get a title loan on a trailer in many states.

As you may know, there are many different types of trailers (e.g., livestock, flatbed, refrigerated, gooseneck), so you'll want to make sure the lender is cool with your particular style.

Once you confirm that the lender will indeed accept your trailer as collateral, the process is often very similar to a normal title loan.

Learn: How do title loans work?

In most cases, you'll need the following in your briefcase 💼:

  • A lien-free trailer title
  • A driver's license or state-issued ID
  • Proof of income
  • Proof of residence

Got all your papers straight now? Awesome! Now, while I have your attention, here are some additional pointers I'd like to throw at you:

  • Trailer value may be lower: For an auto title loan, you can expect about 25 - 50% of the car's value. Since a car has an engine humming under the hood, it will likely be worth more than your trailer. For example, if your trailer is worth $2,000, you may only get offered $500 in cash. Something to think about.
  • The lender may covet your car: See the point above. The truck that you tow the trailer with probably has more resale value. The lender might not be as interested in your lowboy as your F-150. Some haggling may ensue. Just be prepared.

Learn: Can I get a title loan online?

Worst-case scenario having your trailer repossessed is less nightmarish than a vehicle you depend on for your livelihood. However, those who make prompt payments will avoid this ever happening in the first place!

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My experience with Sound Financial has been absolutely incredible. I got the quick cash I needed without any hassles. The entire process was simple and transparent.