Not necessarily!
5 Star Car Title Loans can help you pay off your current loan and get some extra cash! If you have a current title loan and are looking to switch companies, give us a call and find out how we can help!
A car title loan is based on your ability to repay the loan and the equity of your vehicle (and not the remaining payments you have). So whether you have a current loan on your car or it’s paid in full, if you still have equity and ability to repay, you may qualify for a title loan with us!
The bottom line is that if you have a few outstanding payments left, the loan amount may be increased to cover it. In other words, we help you pay off your current loan and open a new one with our company.
Click here for more information about getting a title loan while still making payments.