Can I get a title loan if I am still financing my vehicle?

If you are still making payments on your vehicle with your first finance company, we can still assist you with our 2nd lienholder program. This program works a little different than some of our other programs but at Capital Title, through this program, we are able to allow our customers with access to the equity that they have in their vehicle, even when they are still paying off their original creditor!

We will need your most recent bill from your current lienholder to compare the amount you owe to the value of your vehicle to determine the additional equity available. If you know the balance of your loan with your current lienholder, you can call our office to get prequalified at (850) 297-2274. There will be additional documents required to qualify for the 2nd lienholder program such as registration, proof of residency, proof of income, photo ID, and your vehicle.

Your registration is very important to bring when visiting our office. We will use your registration get additional information, such as your Vehicle Identification Number, about your vehicle.

Proof of residency can be shown by simply providing that billing statement from your current lien holder with your current mailing address listed. If you do not have access to your statement, you can bring a lease agreement or mortgage statement, or a service bill.

Proof of income can be in the form of a bank statement showing deposits, a paycheck stub, or in some circumstances, an award letter from your supplemental income or official letter from your employer on company letter head.

If you have any questions about the documents needed to qualify for any of our loan programs, feel free to give our friendly staff a call at (850) 297-2274!