There is a hand full of companies who are able to refinance your car title loan. The problem is knowing which ones to use so that you don’t make your financial situation worse.

We found the best companies for refinancing a title loan are MaxCash Title loans and Loan Center. These reputable companies process hundreds if not thousands of loans each month. They are able to refinance most borrowers into a lower monthly payment with an interest rate that works for them. If you are looking for an auto title loan refinance, start by contacting one of the companies below.


Our Top 3 Picks


MaxCash 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 to find you the best possible 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



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:

  • 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

Apply Here Button

Read our full review of Loan Center




LoanMart websiteLoanMart is another good option for those looking to refinance a title loan. They have been around for over 10 years and have helped thousands of customers restructure their title loans. In order to qualify for a title loan refinance, the equity value of your vehicle needs to be much greater than your current 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 basically means that you are trading out your old car title loan for a new one. This is normally 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 to get extra cash out if they need money.

The primary reason borrowers refinance their title loan is because their monthly payments are too high. This can cause borrowers to fall behind on their payments which may end up in the repossession of their vehicle. If repaying back your current loan becomes tough and you don’t want to lose your vehicle, then refinancing a car title loan may be your best bet.


How Can I Refinance My Title Loan?

The easiest way to refinance car title loans is to contact one of the companies recommend on this page. The refinance process is quick and everything is done online or over the phone from the comfort of your own 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 exactly 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 title loan online. By doing so, you can get terms that are more favorable for your financial situation. Whether you are currently struggling to keep up with your current payments, facing repossession, or looking for extra cash, a title loan refinance may be able to 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 who is struggling to pay off their current title loan. Many times, if your credit score has improved since the time you opened the loan, you may qualify for a lower interest rate. This can reduce your payment allowing you to have 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 give you the ability to repay the loan quicker.


How To Apply For a Car Title Loan Refinance

Applying to refinance a title loan is very straight forward. For this example, we are going to use Max Cash because they work with the largest network of credited lenders and their customer service is outstanding. If you are looking for a title loan refinance on your current loan, they are highly recommended.

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 default on your payments, you risk the possibility of the lender repossessing your vehicle. Since they have a lien against your vehicle, they can then sell the vehicle to pay off the amount of money you owe.

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 along with your 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 car title loan.


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

If you are unable to pay your 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 come up with a way to make the loan more manageable for you. If they are not able to help, contact a different company, and ask them about refinancing your 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.

If you are unable to make your payments or refinance your loan with a new lender, you may be looking at default. When you default on the loan the lender has the right to repossess your vehicle. This is the risk you take when taking these types of 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 especially if you don’t have the ability to 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

If you don’t have the money to settle your loan you might want to consider selling your car. By doing this, hopefully, there is enough equity left in your car to reimburse the lender for the amount owed and leave you with some 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 you default on your car it could negatively affect your credit score. 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. In order to do this, figure out what you can afford as a lump sum and offer it to 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.