How to Estimate Car Title Loan Costs

Car Title Loans are a fast and easy way to use the equity in your vehicle to cover unexpected expenses. Many people use car title loans and visit a direct title lender without having an idea of what the actual costs of the loan are. Before applying for a car title loan, or visiting a title lender, we suggest estimating the costs of the loan.

Estimating Car Title Loan Costs, SUV in front of cash

Estimating title loan costs will allow you to make a better decision related to both the loan amount and the loan term (length in months). This will help ensure the loan is affordable.

Car Title Loan Interest Rates

Car title loans are very different than payday loans with respect to interest rates. Many articles online state that car title loans cost 300% APR, which, in many cases, is simply not accurate. So, what is an accurate car title loan interest rate?

The right answer is it depends on the lender and the state. This can make getting an accurate car title loan estimate difficult. This is by design, many of the larger lenders prefer not to disclose their rates because they are very high.

How to get an Accurate Estimate

To get an accurate car title loan estimate, first you will need to find out the interest rate. Additionally learn how car title loan interest rates work. Few lenders advertise their rates, so you may need to call them and ask for their rate. If they will not provide a rate, the safe way to estimate is to use the maximum in your state.

You can find information of the rates in your state using this map. Once you have the interest rate, you can get an estimate of the title loan cost using our car title loan calculator.

Using the Title Loan Calculator

The car title loan calculator has three input fields. 1. Loan Amount, 2. Competitor Interest Rate, and 3. Loan Term. Enter the loan amount (the amount you want to estimate), the lender’s interest rate, and the loan term in months.

Estimating Total Car Title Loan Cost

In addition to providing the monthly payment, the title loan cost comparison calculator provides a full payment schedule for any title loan interest rate. Additionally, it provides totals for both interest and total payments. Use this calculator by entering the same information, and view the full loan estimate.

Costs for Online Car Title Loans

The costs for online car title loans should be very similar to the cost for any title loan. For completely online title loans with no inspection, however, the amount you are able to borrow may vary.

This is because there is no inspection. The lender assign a value to your vehicle without seeing it in person; which may be different than if the appraiser inspected the vehicle.


Car Title Loan costs are often made difficult to figure out. This is why we built our calculators, to provide customers with a way to estimate car title loan costs before applying or visiting a lender. If you are trying to figure out how much a title loan will cost, feel free to use the calculators to get an accurate estimate to help with planning for a title loan. Finding a favorable title loan with fair terms should be a priority.