Car Title Loans in New Jersey2026 Guide
New Jersey prohibits title lending.
Legal Status & Regulations
Governing Law
NJ Consumer Finance Act
Last Reviewed: April 2026
Law Summary
New Jersey prohibits title lending through strict usury laws and the New Jersey Consumer Finance Act. The state enforces a criminal usury cap of 30% APR and a civil cap that is even lower for many consumer loans. These strict limits prevent the high-interest title loan model from operating in the state, ensuring that vehicle-secured debt remains within legal and affordable bounds for New Jersey residents.
Real Rate Example in New Jersey
A $1,500 loan in New Jersey at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
NJ Dept. of Banking and Insurance