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Can you get a title loan on a leased car?

I’m building a new back porch on my house but finding the money to finish the project has been challenging. I’m interested in getting a car title loan to finish the job before it gets too cold and starts snowing, but my car is leased. Can you get a title loan on a leased car?

avatar
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I completely understand wanting to finish up the project before winter. Unfortunately, you cannot get a title loan on a leased car unless the title loan lender buys you out of the lease and becomes your lender for both a
car loan
and title loan.
Since this process is complex and you’re unlikely to find a willing lender, use some other alternatives. To avoid the confusion of a lease buyout and a high
APR
, you could:
  • Use a credit card
  • Borrow money from friends and family
  • Apply for a personal loan
These alternatives are much safer and don’t put you at risk of having your vehicle repossessed.
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car insurance
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