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Fast Title Lenders > Can you Have Two Title Loans?

Can you Have Two Title Loans?

Two title loans

A common question is can you have two title loans? We’ll break this down into some more important questions; the first one is why you would need two title loans to begin with.

The first thing we need to know is if these loans need to be at the same time. If so, it is unlikely you’ll be able to get two title loans simultaneously. Even if you could, the repayment terms may become difficult to meet.

There is also the question of how many vehicles?

One or Two Vehicles

One or Two Vehicles for two title loans?
One or Two Vehicles?

The next question we need to answer is whether or not the second title loan is on the same vehicle or a second vehicle. Having two title loans on the same vehicle is not possible. This would require two liens, and as we’ve mentioned before, second lien title loans are not common.

If you have more than one vehicle, is it possible to get a second title loan on a second vehicle? This depends on the state, however most do not allow a borrower to have two title loans at the same time. This is regardless of how many vehicles there are involved.

The obvious alternative would be to sell one of the vehicles. It is usually possible to sell a car with a title loan, assuming you let both the buyer and the lender know.

Not all lenders will permit this, although as long as the sale price is more than the loan balance they shouldn’t have a problem with it in our opinion.

Needing Two Title Loans

First, let’s look at why one might need two title loans at the same time. If you own two or more cars free and clear, it may be a better idea to sell one of them to raise the money that can satisfy the short term financial need.

At least with this solution there are no interest costs to deal with.

Paying off a Title Loan

Once you pay off a title loan you can usually get another one if needed. In some states there can be a waiting period, so make sure to figure that out first if a fast second title loan is really a pressing need.

Certainly, paying off the first title loan is the cleanest way of closing the loan and being able to take out another one. This is the case regardless of whether or not you get the second title loan on a different vehicle. Learn how to pay off a title loan fast.

Some states limit the number of title loans per person, not per vehicle. You definitely can’t get two title loans simultaneously on the same vehicle, and you may not be able to get two title loans simultaneously on different vehicles.

Refinancing a Title Loan

If you already have a title loan and need to borrow more money then considering a title loan refinance may be warranted. The amount you can borrow will depend on how much the vehicle is worth and the balance on the current loan.

In the case of a title loan refinance the original loan will be paid by the title loan company you decide to refinance with. Then they will issue a new loan to you where they are the only lienholder. Find out how a refinance a title loan.

Title Loans are not for Building a Car Collection

We must make this perfectly clear. Taking out a title loan on one of your cars to purchase another and start a car collection is not at all reasonable or advisable.

While there may be companies suggesting that you do just that, it is not a sound financial decision. Going into high interest debt to buy a depreciating asset like a car is not a prudent financial decision. The only party that would benefit in such a situation is the title lender.

The reality is that the interest costs of the car title loan will far outweigh any appreciation in a classic car over the period of a few months. We hope that any title loan company does not seriously recommend this course of action.


Can you get two title loans? Not at the same time. You will need to repay the first loan prior to taking out the second. In some cases it is possible to get a title loan while still making payments, or a title loan refinance.