Can I Still Drive My Car If I Get A Car Title Loan In Texas?

People worry about getting a car title loan in Texas because they assume the lender will keep the vehicle title during the loan. Can you get a car title loan in Texas and still drive your car? There’s a lot that goes into answering this question, but the quick answer to that question is yes, you actually can! Check out this guide to learn more about keeping and driving your car while paying back the auto title loan.

Wondering About Your Vehicle And Your Loan? Check Out This Guide

Can I Really Keep My Vehicle If I Get A Car Title Loan?

As we said, you can keep your vehicle when you get a car title loan in Texas. When you come to Texas Car Title and Payday Loan Services, Inc., we won’t keep your vehicle while you are repaying the loan. The whole thing with a car title loan is that you are using your vehicle’s title as collateral – not the vehicle itself. So if you do get approved for the loan, you can keep your vehicle.

That being said, we do not approve of the title to just any vehicle being used as collateral. If you were planning on using your trailer, motorcycle, or boat, the truth is you can’t use the title to any of those vehicles with us. We do not allow those vehicles for this kind of loan. We do, however, allow you to use cars, minivans, pick-up trucks, or SUVs for this loan. Just make sure the title is in your name and lien-free before you come in.

car title loan in Texas

What Does A Lien-Free Title Mean?

In some cases, you might not be able to use your car for the loan. If your title is damaged or has incorrect information on it, it cannot be used to take out a title loan. Similarly, if your car has a lien on it or if you’re still making payments on it, then we will not work with you. Before taking out a title loan, make sure that you have these debts taken care of.

When we say “lien-free”, we mean that your title is free of any outstanding liens or judgments. This means that you will need to finish paying off your vehicle and any liens that are currently on your title. If you don’t know if your title is clear, you’ll have to go to your DMV and find out. You’ll also need to make sure your title is in your name. If it isn’t, transfer it before you come see us.

When Should I Get A Car Title Loan In Texas?

Now that you know you can still drive while taking out a car title loan in Texas, it’s important to consider when it’s the right time for you to get a title loan. Title loans are not a wise idea for getting large, frivolous purchases. If there’s something you really want to buy, it’s better to budget for it or borrow money from friends and family.

On the other hand, if you’re struggling with a medical emergency, emergency travel expenses, or the need for major repairs, a car title loan might be a good choice to get the cash you need on hand. If your insurance isn’t covering your medical bills or repairs, it can leave you with massive bills to pay that you just don’t have the money for. In this situation, getting a title loan could help you out.

driving with car title loan

How Texas Title And Payday Loan Services, Inc. Can Help You

If you’re struggling with emergency expenses on your own, then we here at Texas Title and Payday Loan Services, Inc. can help you get the cash you need quickly. With our title loans, you can qualify for anything up to $15,000 even if you have poor credit. Plus, our process is quick, with you finding out if you’ve been approved in 30 minutes.

Once you’ve filled out the form on our website, you’ll receive a phone call from the nearest Texas title loan location to set up a time and place to meet for a vehicle inspection. This inspection allows us to determine how much you could get. We will also assess your title to determine if you qualify for approval. Assuming you’re approved, you’ll get the money the same day or the next day.

Keep Your Vehicle And Get Your Title Loan Now!

As you can see from this guide, you don’t have to give up keeping and using your vehicle while you repay the car title loan in Texas. Just make sure you have your driver’s license or a state-issued photo ID, your lien-free vehicle title, and your vehicle. We at Texas Car Title and Payday Loan Services, Inc. can help you out with your emergency expenses. Fill out the online form now to get started.


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.