When you are strapped for cash and need to get a short term loan for a car, it can be difficult to know about all your options. If you own a vehicle with a value of at least $4000, you may be eligible for a car title loan. You may be wondering how much cash you can receive for your car with a car title loan. The amount of money that you’ll be able to borrow will depend on how much your car is worth.

Here we’ll describe car title loans and the process to determine the cash you’ll receive. You’ll be able to borrow cash using your vehicle’s title as collateral in minutes.

What is a car title loan?

A car title loan is a short term collateral loan. This loan allows you to borrow cash by leveraging the equity in your car. One of the advantages of borrowing cash this way is that it can be a simple and quick process.

Traditional Loans vs. Car Title Loans

There are several ways of taking out a loan if you are short on money and have an immediate need for cash. Traditional loans from your bank or credit union can be an option. Usually, these loans involve a long application process and strict requirements so they may not be the best option when you’re looking for quick financial support. Credit cards are another way to borrow cash, but you’ll need to have a good credit status to apply for a credit card. Borrowing cash this way also comes at a high-interest rate. Car title loans are one of the simplest and most straightforward ways to get money. It works as a short-term secured loan at an affordable interest rate.

How much cash can I get?

The amount of cash you are eligible to access with a car title loan depends on the value of the car. The more your vehicle is worth, the more cash you can receive. The vehicle’s recent market value is determined during an inspection to help determine the amount of cash you can receive. Normally, the amount of cash you can receive will be a percentage of the car’s worth. Some car title loan lenders will be willing to give you up to 70% – 85% of the car value.

Throughout the loan period, we are the lien holder of your car title. Once the loan is repaid, the title is returned to you. You can also repay the loan fully at an earlier point without penalty. It’s important to remember that you are not giving up your car during the duration of the loan period — you’ll still be able to drive your car.


Traditional lenders usually rely heavily on credit scores to determine whether you may be eligible for a loan. Car title loans work well in situations where you may have a bad credit score. For this type of loan, your monthly income may be sufficient to show that you will be capable of repaying the money.

Applying for a Vancouver car title loan is simple with Instant Auto Loans, you can apply online or via phone and get a loan processed within 15 minutes.