More in Bank & Bill Fees
What this calculator does
Title loans use your car as collateral and charge very high rates. This calculator shows how fast the balance grows and how little equity protects you.
The math
Monthly interest = loan balance × monthly APR ÷ 100. New balance = previous balance + interest. Equity = car value − loan balance.
Worked example
A $2,000 title loan at 25% monthly APR on an $8,000 car doubles the balance in about 3 months and can quickly wipe out equity.
Why this matters
Fees are often the fastest leak in a budget. This tool shows what a single fee costs over time and what to ask for instead.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Can I lose my car?
Yes. If you default, the lender can repossess your car and sell it. You may still owe the difference.
How fast do title loans grow?
Very fast. Monthly APRs of 25% mean the balance doubles roughly every 3 months.
What are alternatives to a title loan?
Personal loans, credit unions, payment plans, selling the car, or borrowing from friends or family are usually cheaper.