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Title loans are a type of secured loan where a borrower uses their vehicle as collateral to obtain a loan. Here's how they work:

The borrower brings their car, truck, or motorcycle to a lender's office along with the title to the vehicle.

The lender assesses the value of the vehicle based on its condition, make, model, and mileage. The lender then offers the borrower a loan amount based on a percentage of the vehicle's value, typically ranging from 25% to 50%.