Can I Pawn My Car and Still Drive It?

Can I Pawn My Car and Still Drive It? Many times, people might need some money and instead of borrowing or withdrawing from their savings, they opt to “pawn my car” and get the funds they need. Pawning your vehicle is one option used by many, but they also need to keep their vehicle for transportation to work, grocery shopping, and other reasons.

woman drive his car and getting a title loan


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If you are located near the Jacksonville FL area you may be able to get a Title Pawn even if your vehicle is not paid off while still being able to drive your vehicle while repaying the money borrowed.

Is it possible to get money for my vehicle without forfeiting my vehicle while repaying the money?

Title Pawns are ways to get money for emergency financial situations while keeping your vehicle, but you should fully understand how they work before borrowing money against your vehicle.

At Jacksonville Title we not only may be able to lend you money if your vehicle is paid for but even if you still are making payments on your vehicle.  This article will explain what you should know before deciding to pursue a title pawn, how it works, and what is required as well as providing where you can come to pawn your vehicle title.

What Should I know before Deciding to Pursue a Pawn My Car?

It is very important that before taking out a title pawn you understand how much you can borrow, how long it can take to repay, how much you will be repaid, what the interest rate is, and what happens if you are struggling to repay.

How Much Can I Borrow?

How much you can borrow depends on the Year, Make, and Model of your vehicle as well as the condition of your vehicle. If you currently have a lien on your vehicle that value can be reduced based on how much you owe and what the remaining equity is in your vehicle.

How Long It Can Take to Repay?

A title pawn is a 30-day pawn. This means your payment is due 30 days after signing the agreement. If you are unable to pay the title pawn off in full, you may be able to extend your pawn another 30 days by paying the interest fee due.

How Much Interest Will You Pay?

The amount of interest you will pay depends on the amount of money you borrow and how long you take to repay the balance in full to “pawn my car”. Although it is meant to be a 30-day pawn, you can pay the minimum due to extend your pawn for another 30 days. This means you will incur additional interest fees.

Ask your representative at Jacksonville Title if you qualify for our 30-day Interest-Free promotional program. Depending on the amount of the pawn, paying back your pawn within the 1st30 days means your interest payment could be waived. *Amount of interest waived subject to Terms and Conditions.

What Happens if I Can’t Pay Off in 30 Days?

If you are struggling to repay on the 30th day after signing the agreement you can extend your title pawn for 30 more days, but you will have to pay any interest or late fees.

There is always a risk that your vehicle can be repossessed

If you default on repaying your title pawn and “pawn my car”

How do Title Pawns work?

At Jacksonville Title we may not only be able to lend you money if your vehicle is paid for but even if you still are making payments on your vehicle.

A title pawn allows you to borrow against the rough book value of your vehicle.  Based on this value you can borrow some of the equity in your vehicle.  Most title pawns are due to be repaid in 30 days, but the borrower can take longer to repay but must make the minimum interest payment, incurring additional interest fees.

What are the Requirements to Qualify?

The requirements needed to get qualified are minimal.

  1. To determine if you qualify – you can apply online and get a quick email quote of how much you qualify for. The application process is quick and simple.
  2. Your Vehicle – We will need to do a quick 5-minute inspection of your vehicle to determine your vehicle value and how much money you can borrow against the vehicle. This can be done at our location(Kingsland, GA).
  3. Vehicle Ownership Verification At Jacksonville Title you can provide a free and clear title to your vehicle or a registration or title receipt of your vehicle in your name.
  4. Proof of Residency – A recent phone bill, utility bill, or bank statement with your current address is required. As long as you live near Jacksonville FL you can qualify even if you live in Georgia.
  5. Proof of Income – This is not always a requirement but may help with the amount borrowed if you can provide proof of $1,000 net income using a paystub or bank statement for the last 30 days.
  6. Valid ID – You must provide a valid driver’s license or state ID.

Can I Pawn My Car and Still Drive It? If after reading this article you still have questions regarding getting a title pawn, please feel free to reach out to the team at either location via phone at (904-880-2274) (East/Kingsland, GA location).

Deciding to pawn your vehicle can be risky but can be a great financial solution to get the money you need.  Let Jacksonville Title assist you in the process.

We are here to help walk you through the process and address any concerns you may have. Once you have decided we will clearly explain the terms of the agreement and make sure that you fully understand before signing.