The Real Cost of a Title Loan

Title loans are marketed as fast cash against your car, but the pricing is built on monthly fees rather than conventional interest. A typical 25% monthly fee on $1,000 adds $250 every month. This title loan cost calculator converts those fees into the number that matters: the total you will actually repay.

Why the APR Is Misleading

Because title loans are short-term, the same $250 monthly fee on $1,000 works out to roughly 300% APR when annualized. The calculator shows both views — the monthly structure you are quoted and the effective annual rate — so the comparison with a credit card or personal loan is honest.

Before You Sign

Check the total cost against your ability to repay within the term. If you can only afford the monthly fee, you will be rolling the loan — the single most expensive outcome. Every state caps title loan rates differently, so verify your state's usury limit and compare with a credit union personal loan before committing your title.