PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Are car title loans legal in New Jersey?
I’m looking for extra cash to pay some bills, and a co-worker suggested a car title loan. But I live in New Jersey and they live in New York, so I don’t even know if that type of loan is legal here. Can I get a car title loan in New Jersey?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Unfortunately, car title loans are illegal in New Jersey because they effectively violate the state’s usury laws. If you want to get a car title loan in a nearby state, Delaware is the closest location to you where the practice of title loans is legal.
With that said, you should consider alternatives to getting a car title loan in New Jersey. Some options include:
- Borrowing money from friends or family
- Getting a credit card with a low introductory APR or a 0% APR for 12 to 18 months
- Taking out a personal loan
- Doing a cash-out refinance of your current vehicle
Instead of getting a car title loan in
New Jersey
, you could also try out other money-saving tips, such as reviewing your car insurance policy. With the Jerry app, you can find the best rate possible in just minutes.As a licensed broker,
Jerry
helps you find and compare quotes from over 50 top providers. When you find a better rate, Jerry can help you buy your new coverage and even cancel your old policy!View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies