Normally, short-term title loans range from 15 to 90 days, but most are no longer than 30 days. Some banks and credit unions offer title loans that cost less or feature longer payback periods than those offered by title loan companies. You may be able to roll over your debt for another period, but you’ll have to pay additional fees on top of the ones you already paid. This can trap you in a debt spiral that could eventually result in the forfeiture of your vehicle. You risk repossession of your vehicle if you don’t repay your loan within the agreed-upon terms. Long-term title loans are also available with payback periods up to three years. These have the virtue of lower monthly payments, but in the end, you’ll pay a king’s ransom in interest. Whatever payback period you accept, insist on a loan that has no prepayment penalties. To that end, if you take a long-term title loan, you’ll want one that is fully amortized. That is, you pay both principal and interest each month. Some lenders may front-load all the interest, which means once you’ve paid the interest, prepaying the loan will not save you any money.