Title Loan "Lose My Car" Countdown
Title Loan Calculator — Lose My Car Countdown
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, with a worked example
Monthly interest = loan balance × monthly APR ÷ 100. New balance = previous balance + interest. Equity = car value − loan balance. 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
A title loan is a countdown clock on your car: 25% monthly interest doubles a $2,000 balance in 3 months, and the collateral is the vehicle you need to earn the money to repay it. The countdown framing is the honest one — equity burns until the balance crosses the car's value.
Methodology and transparency
Monthly: balance = balance × (1 + monthly APR); equity = car value − balance. Monthly compounding at title-loan rates is what makes the curve vertical — state caps vary enormously, so your contract's rate is the real input. The unpriced endgame: repossession takes the whole car, not just the borrowed slice of it. Everything runs in your browser; no data is sent or stored.
Last reviewed: 2026-08-08
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.