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 Washington State?
I’m in need of quick cash and I heard that a title loan could be the way to go. I know they’re illegal in some states, but I live in Washington State. Are title loans legal here?
Chloe Jenkins · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! Title loans are illegal in many states because of their short terms, lump-sum repayments, and the excessively high
APR
that lead to steep consequences for the borrower. However, in Washington State, title loans are perfectly legal. To qualify, you will need to:- Be a resident of Washington State.
- Have a regular monthly income.
- Be 18 years of age or older.
While getting a title loan can be a fast and easy way to get money quick, it often comes with harsh consequences such as:
- Having to pay back two to three times the amount you borrowed.
- Short terms, which make it incredibly hard to pay back the money on time.
- Failure to pay back the loan on time will result in vehicle repossession.
If you need a loan or fast cash, consider looking to your bank or credit union. Many offer short-term loans that are similar to title loans but less predatory.
Another way to save money in the future is with
Jerry
app. Drivers who use Jerry save an average of $879 a year on car insurance without having to do much beyond signing up. The Jerry app gathers quotes from more than 50 top insurance companies, like Nationwide, Allstate, Safeco, Progressive, and Travelers, in seconds! They even help cancel your old policy once you’ve made your pick.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