How Do Title Loans Work?

If you're thinking about or have ever thought about getting a title loan, you may be asking “how do title loans work?” Getting a title loan doesn't have to be complicated and confusing. Speedy Cash offers title cash in just a few short steps.

Get a Title Loan in 5 Easy Steps

Easy Application. Fast Decision. Speedy Cash.

Bring your vehicle to a Speedy Cash location

Drive your fully operating vehicle to a store location for inspection. See a full list of acceptable vehicles below.

Speedy Cash completes a vehicle inspection

Our team will complete an inspection of your vehicle to determine the value.

Finish your application and receive an instant lending decision

After Speedy Cash processes your application, you will receive a lending decision, including a maximum loan amount if approved. The amount that we offer will depend on a variety of factors, including the outcome of the vehicle inspection.

Sign your loan documents and drive away with title cash in hand

If approved, review and sign your loan documents, and receive cash on the spot. Plus, you get to keep your car!

Make payments until your loan is paid in full

Make scheduled payments according to the determined timeline in your loan documents. Once paid in full, the lien on your title will be released. With a Speedy Cash title loan, you can always pay off your title loan early – no penalty fees.

What Vehicles Can Be Used to Get a Title Loan?

Below is a list of the different types of vehicles can be used to get a title loan from Speedy Cash.

Vehicles Accepted:



Motorcycle/Street Bike

Motor Home

Pickup Truck

Trailer (non-freightliner)


Any On-Road Vehicle

Titled Boats

NOT Accepted:

Watercraft (non-boats)

Dune Buggy

Four-Wheeler/Quad ATV

Electric Car

Golf Cart

Dump Truck



Title Loans FAQs

A: There are many factors that determine how much you may be approved to borrow with a title loan. Among other factors, Speedy Cash will consider:

Vehicle condition

Value of your vehicle

The state you live in (maximum loan amounts vary by state)

A: Speedy Cash considers many factors when conducting an inspection. The main factor in determining value is the condition of the vehicle and not necessarily the model year. As long as you have a clear title and a vehicle in working condition, then you may be eligible for a title loan.

A: Are you still making payments on your car? Speedy Cash may still be able to help. Select Speedy Cash locations offer title loans with no clear title required. Rather than providing your clear title, you provide proof of your first (current) lien.

Have more questions?

Visit our FAQ page.

Title Loans Near Me

Auto title loans are available in many Speedy Cash locations.

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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