Can I Get A Title Loan With An Older Car?

Sep 21, 2021
Title Loans

Many people applying for auto title loans have the same question: Can I get a title loan with an older car? With Rapid Auto Loans, the short answer is, yes! Why should you be penalized because you don't drive a newer car? But there are some considerations to be aware of. Here's how you can qualify for an auto title loan.


We Look At Your Car's Value

At Rapid Auto Loans, we look at the value of your car. We do this by conducting an accurate value appraisal. We consider the following factors:


We Look At Your Mileage And Year Model

We take an objective evaluation of your car's mileage and year model. We find value in most cars with a mileage of 150,000 miles or lower. In addition, A car with an approximate age of 15 years or younger will also be considered. This isn't to say that won't if your car doesn't meet these requirements.


We Use Online Evaluation Tools 

We also make use of online assessment software. This gives us a market-related evaluation. Our assessment gives clients the peace of mind that they are getting a fair valuation on their car. This will equate to a fair title loan amount.


We Compare Value With Your Title Loan Request

Once we have a value in mind, we compare this against the requested title loan amount. A general rule of thumb is for your car to have twice the value of your title loan request. This way, you are protected with a reasonable title loan amount. For example, if you need to borrow $1,000, then your car value needs to be at least $2,000.


Our Simple Application Process

So how do you apply for that much-needed title loan? The process is quick and easy. Once you've filled out an online car title loan application or over the phone, we determine the amount you qualify for. In this case, we include your car's value assessment. You'll then set up an appointment at one of our inspection centers. These are based in main centers such as Miami, Fort Lauderdale, and West Palm Beach. The inspection center will then send us the required information for verification. This takes about 30 minutes. Once your application is approved, we'll hand you your check. You can cash your check on the same day.


No Credit Checks

Your car acts as collateral for your title loan. Full stop. Your auto loan application is not based on your credit score or your bank account. We understand that your financial affairs are private. We determine the funds available to you based on the value of your vehicle. Chat to us about securing the necessary collision insurance. Our insurance plans are easy and affordable.


Easy Payment Plan

We have a dead easy payment plan. You will make a total of 12 monthly payments on your loan. And the first payment isn't due for 30 days from your loan date. You will never be charged a prepayment penalty. And interest is only charged from the time the loan is outstanding. You can pay your installments using one or three convenient options:

  • Mailing it to us
  • Paying on our website
  • Pay at an authorized payment center (selected Walmart or 7-11 stores in South Florida)

Paying your loan shouldn't have to be complicated. All payments are secure, and we will never store your banking or card information.


Apply For Your Title Loan Today

With Rapid Auto Loans, you can get quick cash for your older car. Simply complete an application or call us at 954-960-7097. If you have any questions, give us a call, and we'll be happy to assist you. We want to make your application process as stress-free as possible. Like Rapid Auto Loans on Facebook to get the latest updates.


loans for bad credit

It can be very common for your credit score to be lower than you’d like it to be if you’ve paid your bills late in the past or have a lot of debt. Bad credit can then put you at a disadvantage when it comes to getting approved for loans in the future. Rapid Auto Loans is here to help you and will approve your loan when nobody else will.

Tips to Improve Bad Credit

Your credit score is an important indicator of the state of your “financial health,” so to speak. It tells landlords, car salesmen, and banks how much you can be trusted to make good on loan or rental payments. The higher your credit score, the more likely you can score low interest rates if you do take out a loan one day.

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When you find yourself in a rough patch, getting quick cash can be challenging. Many people resort to payday loans as their go-to option. Payday loans come with high-interest rates and can put your paycheck in jeopardy. Here are some payday loan alternatives to consider.

What Are Short-Term Loans?

No matter how well we manage our money, unexpected expenses can still take a toll on our pocketbooks. Not all of us can borrow money from friends or family, which is why many choose to take out short-term loans. While getting the cash you need quickly can be tempting, there are several things you should consider before taking one out. Here, the experts at Rapid Auto Loans explain everything you need to know about short-term loans.

How Do Title Loans Differ From Payday Loans?

Times are tough, and we all know what it’s like to need some extra cash. At a moment’s notice, your entire world can flip upside down, and you could need some help. Well, if this happens, you’ll have a few options available to you. Two common loan options are title loans and payday loans. Let’s look at the differences to see what’s best for you.

Tips For Saving Money on Your Monthly Electric Bill

The electric bill is one of life’s expenses that sneaks up on you. Depending on how you run your household or business, the cost can be frightful (and unexpected). Saving money on your electric bill frees money to spend on other necessities, pay off loans, and save for retirement.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:



Government Fee


Credit investigative Fee


Documentary Stamp Tax


Total amount Financed


Original Loan Date




Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.