To get a loan by using your car as collateral, the first thing that needs to happen is the bank will probably need to send a professional to inspect your vehicle. They can examine the car's age, condition, and consider how much its value has depreciated. Once they consider these main factors, the lender can come to a conclusion of how much your car is worth. Lenders typically will allow a loan to be made that is somewhere between 80% and 150% of the value of the car depending on your credit score.