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  How Much You Can Borrow In some US states, you can borrow an amount equivalent to 25% to 50% of your car’s market value. So, if your car’s current worth is $15,000, then you may be able to get a loan ranging from $3,750 to $7,500. However, some states have laws restricting the maximum amount title lenders can issue. Mississippi, for instance, sets a principal loan balance limit of $2,500 for title loans. Under this law, title lenders can only grant loan amounts of up to $2,500, regardless of the car’s value. In Canada, each city or province also has laws limiting legal title loan amounts. For example, the folks at Easy Title Loans  say you can borrow 50% to 60% of a car’s wholesale value in Vancouver. Depending on your ride’s worth, you can even take out a title loan of up to $25,000. The Loan’s Annual Percentage Rate (APR) The APR is the overall annual cost of a loan. It already includes the interest rate and other fees charged by the lender over the life of a loan. ...

  If you’re in the second group yourself, you may be thinking of getting a title loan to use as a source of emergency funds. However, while these loans are easy to apply for, there are a few things you need to know about them first. We’ll cover those basic must-knows in this guide , so be sure to read on How Much You Can Borrow In some US states, you can borrow an amount equivalent to 25% to 50% of your car’s market value. So, if your car’s current worth is $15,000, then you may be able to get a loan ranging from $3,750 to $7,500. However, some states have laws restricting the maximum amount title lenders can issue. Mississippi, for instance, sets a principal loan balance limit of $2,500 for title loans. Under this law, title lenders can only grant loan amounts of up to $2,500, regardless of the car’s value. In Canada, each city or province also has laws limiting legal title loan amounts. For example, the folks at Easy Title Loans say you can borrow 50% to 60% of a car’s ...