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Find the Best Car Title Loans in Waco, TX

If you need cash fast — and own your vehicle free and clear — a title loan is an option to consider. A title loan is a short-term, high-interest loan that is easy to qualify for and gives you quick money. But you should only enter an agreement if you fully understand the risks and laws in Texas. We researched the best title loan companies in Waco so you are a fully informed borrower.

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Compare Top Payday and Title Loans

Speedy Cash
Authorized Partner
Overall satisfaction rating
  • Loans up to $25,000
  • Any year, make or model
  • Receive cash on the spot
  • Available in Waco

Easy application!

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Authorized Partner
Overall satisfaction rating
  • Secured car/motorcycle title loans
  • Get quick approval online
  • Fast and simple process
  • Available in Waco

TitleMax was founded in Georgia in 1998 and is now one of the largest title lenders in the United States with more than 1,000 locations in 17 states across the United States. The company offers title loans and title pawns for cars and motorcycles.

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TMG Loan Processing
Overall satisfaction rating
  • Apply online or over the phone
  • Application available seven days a week
  • Available in Waco
  • Qualified customers can receive funds in as little as one business day.

Apply online today!

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How to get a title loan in Waco

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In a title loan, the borrower hands over a clean vehicle title to a lender in exchange for funds, which can be used for any purpose. The borrower can continue driving the car during the loan term and gets the title back after paying back principal, interest and fees on time.

There were at least 3,500 auto title loans in Waco in 2018, according to the Texas Office of Consumer Credit Commissioner (OCCC), which regulates this type of borrowing in the state.

Title loans in Waco are popular for many reasons:

  • Fast application process: You provide simple information and your vehicle for appraisal.
  • Easy qualifying: You don’t need strong credit or a significant income.
  • Quick cash: Same-day funds are often available.
  • Repay in installments: Both single-payment and installment title loans are available in Texas.

Still, you should view title loans cautiously and think about alternatives first. The average interest rate on auto title loans in the state is 229 percent, and a majority of borrowers are unable to pay back the lender on time, the OCCC says. You can renew a title loan in Waco up to five times, but you expose yourself to a debt spiral. And the lender is allowed to repossess your car if you default.

What do you need to apply for a title loan in Waco?

If you decide to apply for a car title loan in Waco, be prepared to visit the lender in person. You need to be at least 18. Have these items ready:

  • Government-issued ID
  • Vehicle in driving condition with lien-free title in your name
  • Current registration
  • Proof of address
  • Proof of income
  • Working phone number

The title loan company in Waco will look at your vehicle to determine its value, which influences how much you can borrow.

It’s important that you read over a contract carefully before you sign for the loan. The lender must clearly show you how much you’re borrowing, the interest in dollars and APR, other fees, the term of the loan and the total cost of the loan.

Remember, only borrow what you can afford to repay. Otherwise, you risk losing one of your most valuable possessions.

Title Loans Reviews

Authorized Partner

Speedy Cash

Waco vehicle owners can qualify for a title loan up to $25,000 from Speedy Cash. Bring your car and clear title to the location on Waco Drive, get a fast lending decision and receive funds in 30 minutes or less. Reviewers in Waco give Speedy Cash strong reviews based on professional and helpful customer service and positive overall experiences.

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Authorized Partner


TitleMax is a leading U.S. title lending company with multiple locations in Waco. Get the process started online, then bring in your vehicle and have cash in hand in just 30 minutes. TitleMax accepts all makes and models, welcomes all credit types and offers convenient payment options. Many Waco reviewers give the company five stars and recommend it to others for title loans.

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