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A car title loan, or "pink slip loan," allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as.
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A car title loan is a loan for a small amount of money and for a short time. To get a car title loan, you give the lender the title to your vehicle - for example, your car, truck or motorcycle. You also pay the lender a fee to borrow the money. You usually have to repay the loan in 30 days. Car title loans can be very expensive.