Yes, it is true that title loans are often a quick way to get extra cash. However, how much you will get for a car title loan will depend on the value of your vehicle.
Usually, lenders will give between 25% to 50% of the value of a car. On average, $100 to $5,500 are given to borrowers. But if you need more money than this, some lenders can give up to $10,000 or more.
Because of this, car title loans are very risky and are often considered predatory. Many states have also made title loans illegal. A safer option is to apply for a personal loan through a bank or credit union.