Title Loans for Older Cars: Get Cash for Your Classic Vehicle Today

In a Nutshell

Can You Get a Car Title Loan on an Older or Classic Car?

Yes, you can get a title loan using an older or even a classic car. While age and mileage matter, what really counts is the current value of your vehicle. If your car has enough equity and meets basic requirements, it can be used as collateral, even if it’s decades old.

How Do Car Title Loans Work on Older Vehicles?

A title loan is a short-term loan where your vehicle title is used as collateral. The lender places a lien on the title and gives you cash, which you repay in set installments. Once you’ve paid back the loan, the lien is removed and you keep your car.¹

The process works the same for older cars. As long as your car holds enough resale value, and you own it outright with a clean title, it may qualify. Even vehicles from the ‘70s or ‘80s can be eligible, especially if they’re rare or in good condition.

Classic Cars May Hold Even More Value

Some classic cars go up in value over time. A well-maintained classic or collector vehicle can be worth thousands, even if it doesn’t run. This makes them strong candidates for higher loan amounts. Lenders often offer 25%–70% of the car’s appraised value, depending on condition and repayment ability.¹

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Benefits of Classic Car Title Loans

• Allow you to use your classic car as collateral, even if it’s an older vehicle with sufficient value.
• Provide quick access to cash, often within one business day.²
• Enable you to continue driving your vehicle while repaying the loan.
• Serve as a convenient option for those who need cash but still want to use their car.
• Allow you to tap into the equity of your vehicle to access cash when you need it most.

What Affects Your Car Title Loan Offer?

Here’s what lenders typically look at:

• Vehicle condition – Better condition = higher value.
• Mileage – Lower miles often help, but classic cars with high mileage can still qualify.
• Make & model – Some cars retain value better, especially sought-after classics.
• Ownership – The title must be in your name and lien-free.
• Proof of income – You’ll need to show you can repay the loan.
• Photos or inspection – Most lenders want to verify your car’s condition.

How Old Is Too Old For a Car Title Loan?

There’s no set age limit. Some lenders won’t lend on cars older than 10–15 years, but others focus more on the value than the year. That’s especially true for classic vehicles with unique appeal or restored condition.

Can You Get an Auto Title Loan If the Car Doesn’t Run?

Yes, some lenders may approve a loan even if your car doesn’t run, but only if it still holds significant value. This is more common with rare, classic, or collectible vehicles that can be worth thousands even in non-working condition. In most cases, though, the car must be running to qualify for a title loan, because non-running cars usually don’t have enough market value.

If your non-running vehicle is valuable enough, lenders will likely ask for photos or schedule an in-person inspection to confirm its condition. Remember, the loan amount depends on your car’s value, so if the vehicle isn’t driveable and doesn’t hold resale value, you may not qualify for a loan.

Applying for an Auto Title Loan with Bad Credit

You can apply for a title loan even with bad credit, as long as your vehicle has sufficient value and you have a steady income. Title loan lenders will typically focus more on the vehicle’s value and your ability to repay the loan rather than your credit score.¹ You may need to provide additional documentation, such as bank statements or proof of income, to apply for a title loan with bad credit. Some title loan lenders may offer more flexible financing terms or lower interest rates for borrowers with bad credit. It’s essential to shop around and request multiple quotes from different lenders to find the best financing options for your situation.

The Process of Applying for Online Title Loans

The process of applying online for a title loan is relatively simple and can be done from the comfort of your own home. You will need to provide some basic information, such as your name, address, and vehicle details, to start the application process. You will also need to upload documents like proof of income and proof of ownership to complete the application. Once you’ve submitted your application, a title loan representative or customer service representatives will review it and contact you to discuss the next steps. Typically, you can expect to receive a decision on your application within a few hours or by the next business day.²

Final Thoughts

Title loans for older cars provide a valuable financing option for owners of classic vehicles who need quick access to cash. Whether your car is a well-maintained classic or an older model with enough positive equity, you may qualify for a title loan and enjoy flexible financing terms. By understanding how auto title loans work, you can secure the funds you need while continuing to drive your car. Remember to shop around and compare multiple quotes to get the best loan amount and interest rates, ensuring the loan works well for your financial situation.⁴

Need help finding lenders who work with classic or older cars? Reach out and we’ll connect you with options that fit your needs—fast.

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Frequently Asked Questions