Only a handful of companies can refinance your existing car title loan. The problem is knowing which car title loan refinancing companies to use so you don’t worsen your financial situation.

We found the best companies for refinancing a car title loan are MaxCash Title loans and Loan Center. These reputable companies process hundreds, if not thousands, of monthly car title loans. They can refinance most borrowers’ existing car title loans into a new car title loan with lower monthly payments and an interest rate that works for them. If you have an auto title loan to refinance, contact a title loan lender below.


Best Car Title Loan Refinancing Companies – Apply Online



1. Max Cash Title Loans


Max CashMax Cash Title Loans is our recommended company to work with if you need to refinance your title loan. They only work with credited lenders and are recognized by Consumer Affairs as the top-rated title loan processor in the country. Through their national network of car title loan lenders, they can find you a loan with competitive rates and convenient terms. They can help you find the best deal when refinancing your title loan. Best of all, their service is free.


  • Apply for a loan online
  • Get cash in as quickly as 24 hours
  • Loan Amounts can range from $100 to $50,000
  • Open 7 days a week from 6 am – 9 pm
  • Quick approval online
  • No Prepayment Penalties
  • Bad credit score OK
  • You get to keep your car

Before You Apply:

Available in all states except: Hawaii, Montana, Nebraska, New York, and West Virginia

Apply Here Button

Read our full review of Max Cash Title Loans


2. Loan Center


Loan Center ApplicationLoanCenter is a direct lender that offers car title loan refinancing online. They offer interest rates lower than most car title loan companies. Their friendly loan officers can help you lower your monthly payment and give you better loan terms that work for you. The company is based in California and is licensed to process loans in 8 states. Their new loan application hours are Monday -Friday 8am – 7pm PST and Saturday & Sunday from 9am – 5pm PST.


  • Apply online or over the phone
  • Direct Lender
  • Borrow up to $50,000 depending on the state you live in
  • Offers loan terms up to 48 months
  • No prepayment penalty
  • Friendly loan officers

Before You Apply:

  •  Car Title Loans are only available to lend in the following states: Arizona, Georgia, Idaho, Missouri, New Mexico, Ohio, South Carolina, Texas, Utah
  • They will run a credit check to check your credit score.
  • Minimum Income of $1,500 to qualify

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Read our full review of Loan Center


3. ChoiceCash


We also recommend applying for a ChoiceCash Title Loan if you are looking to refinance an existing title loan. They offer competitive interest rates and flexible repayment plans. A ChoiceCash Title Loan might be right for you to lower your monthly payment or avoid vehicle repossession. The good thing is that, unlike other loan companies, you can still keep driving your vehicle while you repay back your loan.


  • Repayments options you can afford
  • May request additional loan
  • Receive funding without delay
  • No additional charges if you repay the loan before the due date

Before You Apply

  • Proof of residency address
  • Vehicle title
  • Valid Government-Issued Identification
  • Demonstrate your ability to repay the loan

Apply Here


4. LoanMart


LoanMart websiteLoanMart is another good title loan lender for those looking to refinance a title loan. They have been around for over ten years and have helped thousands of customers restructure their title loans. To qualify for a title loan refinance, your vehicle’s equity value must be much greater than your current car title loan. Have your current loan information ready when applying and LoanMart will calculate your savings and present you with a new loan option, hopefully better than what you currently have.


  • Online application
  • Instantly see the amount you qualify for
  • No prepay penalties
  • No balloon payments
  • Loans are fully amortized
  • Pay your bill with their mobile app

Before You Apply

Available in the following states: Alabama, Arizona, Missouri, New Mexico, South Carolina, Utah

Apply Here

Read our full review of LoanMart



What Is a Car Title Loan Refinance?

A car title loan refinance means that you are trading out your old car title loan or commercial vehicle title loan for a new one. This is usually done through a different title loan company than the original lender so the borrower can get a better deal. You can refinance your t loan to get lower interest rates, lower payments, different loan terms, or extra cash out if they need money.

The primary reason borrowers refinance their title loan is that their monthly payments are too high. This can cause borrowers to fall behind on their payments, which may result in their vehicle repossession. If repaying your current loan becomes tough and you don’t want to lose your vehicle, refinancing a car title loan may be an option.


How Can I Refinance My Title Loan?

The easiest way to refinance an existing car title loan is to contact one of the companies recommended on this page. The refinance process is quick, and everything is done online or over the phone from the comfort of your home. This is ideal if you do not want to visit a store location.

Be sure to have a government-issued ID such as a driver’s license or state ID card. You’ll also need proof of income, car insurance, and the original loan information ready. The best thing to do is to call first and to find out precisely what is required from them. The following companies have great customer service and will guide you through the refinance process.


Reasons To Refinance My Title Loan

There are benefits when it comes to refinancing your car title loan online. Doing so can get more favorable terms for your financial situation. Whether you are struggling to keep up with your current payments, facing repossession, or looking for extra cash, a title loan refinance may help your circumstances.

Here are some reasons borrowers might want to refinance their current car title loan:

  1. Getting a better interest rate
  2. Lower your monthly payments
  3. Borrowing additional cash
  4. Changing to a company that cares
  5. Avoiding repossession

Lowering a high-interest rate loan can make a huge difference to someone struggling to pay off their current title loan. If your credit score has often improved since you opened the loan, you may qualify for a lower interest rate. This can reduce your payment, giving you additional money to reduce your principal each month. The new payment plan with a lower rate can save you from defaulting on your loan and allow you to repay the loan quicker.


How To Apply For a Car Title Loan Refinance

Applying to refinance a title loan is very straightforward. Face The Red recommends Max Cash because they work with the largest network of credited title loan lenders and their outstanding customer service. They are highly recommended if you want a title loan refinance on your existing title loan.

Step 1. Go to Max Cash Title Loan’s website

Step 2. Fill out their free loan application online

Step 3. Their agents will verify your information and be in touch

Step 4. Submit the required documents they ask for

Step 5. Receive funds in as little as one business day


Can I Refinance My Title Loan to Avoid Repossession?

Auto title loans represent the vehicle’s resale value on the open market. If you stop making your payments, you risk the possibility of the lender repossessing your vehicle. Since they have a lien against your vehicle, they can sell it to pay off your debt.

If you are facing this, you may be able to avoid having your car repossessed by refinancing your car title loan as soon as possible. Different lenders can help lower your annual percentage rate and monthly payments. Having better terms on your loan amount could save your car from repossession.

Max Cash will help you get a new loan that works for you. They are open 7 days a week and will connect you to another lender who can refinance your new car title loan.


What Happens If I Can’t Pay My Title Loan?

If you cannot pay your title loan, the first thing you should do is contact your current lender. See if there is a way to work out a new loan payment plan on the loan amount. They might be able to devise a way to make the loan more manageable for you. If they cannot help, contact a reliable title loan company online, and ask them about refinancing your new car title loan with them. This can help you save money and get you back on track with lower monthly payments and a lower rate.

You may be looking at default if you cannot make your payments or refinance your loan with a new lender. When that happens, the lender has the right to repossess your vehicle. This is the risk you take when taking these short-term loans out. Some companies will give you a 24-hour notice, while others won’t. It’s best to contact your current lender before they repossess your car.

Before you consider defaulting on your loan, try and make extra money on the side. Driving for Uber or Lyft may be an option for some. This could help repay the loan principal faster while leaving you with extra income to use at your disposal.


How Can I Get Out of Paying My Title Loan?

Getting a title loan is much easier than getting out of a title loan, but there are a few things you can do. It might not be easy, primarily if you can’t repay much cash back or if you are unable to refinance your title loan.

1. Pay off the loan

Not everyone is in a position to settle their loan, but it is the best way to break the debt cycle. Try asking family and friends if they would be willing to help. You can also try to make extra income with a side hustle like driving for Uber or Lyft.

2. Sell your car

You might consider selling your car if you don’t have the money to settle your title loan. By doing this, hopefully, there is enough equity left in your car to reimburse the lender for the amount owed and leave you with additional funds.

3. Default on the loan

Defaulting on your loan should be your last resort, but it is an option. Try to avoid this at all costs if you can. If this does happen, it may negatively affect your credit score, depending on the lender. This can be damaging if you are ever trying to apply for a personal loan in the future. It’s important to note that if the lender repossesses your car and there is still a balance, they can have your wages garnished.

4. Consider debt settlement

If you can’t afford the car title loan, contact your loan provider and see if they would consider a debt settlement a consolidation. To do this, determine what you can afford as a lump sum and offer them to settle the debt. The creditor may report it to the credit bureaus, leaving a derogatory mark on your credit report. If this happens, it will stay on your credit report for up to 7 years.