Can You Junk a Car With a Title Loan? in South Carolina

If your car has a title loan on it, the lender holds a lien, and the lien must be satisfied before the vehicle can be sold or junked.

Can You Junk a Car With a Title Loan? with Platinum VIP pricing

Every Platinum VIP loan — whatever the junk car — carries a maximum APR of 35.99%. That cap applies to every loan we make to South Carolina residents. Always quick, confidential and easy!

Sample cost

$1,200 over 12 months at 35.99% APR: payment $120.54/month, finance charge $246.48, total $1,446.48.

Is this right for you?

A title loan is secured by your vehicle, so it should be used for real needs and only when the payment fits your budget. Ask yourself whether the monthly payment above is affordable alongside rent, insurance and groceries. If not, consider borrowing less or one of the alternatives on our responsible lending page.

Next steps

Check the requirements, review rates & terms, then apply. We work to make the process hassle free, so you can get back to your day.

Popular in: Mount Pleasant Lancaster Beaufort Hilton Head Island. Related: Using a Title Loan for Home Improvements · Car Title Loans · Motorcycle Title Loans

More from the Platinum VIP team

A cash advance allows you to borrow from the available credit on an existing credit account. Keep in mind there are usually fees, and sometimes higher interest rates when compared to using credit.

These are just a few alternatives, check with your lender for other accepted ID options. Along with these pieces to verify your identity and sometimes your social security number, most cash loan lenders will need to verify your address (via mail, utility bills, lease/mortgage agreement etc.), income (via paystubs, bank statements), and details for a potential loan assets.

Personal loans — personal loans are one of the more common types of loans out there and are usually unsecured loans. Because of this, they are usually only available to those with a good credit score, and gold credit history. Borrowers can get a range of loan amounts and repayment terms.

Credit cards — credit cards can be used for a all kinds of expenses and can mean a cash advance. However, those with bad credit, loan approval is difficult.

Title loans — Title loans are a type of secured lending that works by using the borrower’s vehicle as collateral. Creditworthiness is not a huge factor for eligibility, and instead lenders will focus on the value of the vehicle, and income for loan approval.

Competitive interest rates — the interest rates are highly competitive! This can mean tons of savings with your loan!

Options for Payments: Make a payment online, over the phone, or through your checking account for most lenders.

APR disclosure: The Platinum VIP Title Loan carries a maximum Annual Percentage Rate (APR) of 35.99%, which includes the $15 South Carolina lien fee. Your actual APR, finance charge, payment amount and term are disclosed in your written loan agreement before you sign. A title loan is secured by your vehicle; if you do not repay as agreed, your vehicle may be repossessed. Borrow only what you can afford to repay. Loans are made by 1st Capital Finance of South Carolina Inc, the lender, 3420 Hwy 21 Ste B, Fort Mill, SC 29715. 1st Capital Finance of South Carolina Inc is licensed by the South Carolina State Board of Financial Institutions, Consumer Finance Division, as a Supervised Lender (License No. SL-1966027) under S.C. Code § 37-3-503. Loans are available only to South Carolina residents and are originated online. Submitting information on this website does not guarantee loan approval.