A care title loan is a secured loan that uses your vehicle as collateral. In the case of a car title loan, you borrow against the value of your vehicle. This allows Best Utah Title Loans to determine the amount of your loan based on the value of your vehicle instead of your credit history. If your current vehicle’s market value is $8,0000, you will receive $8,000 in a lump sum amount, no matter what your credit score is. If a borrower defaults on their loan and is unable to repay, vehicle ownership will be transferred to the lender to cover the debt. When the loan is paid off, the lender transfers the title back to the borrower’s name.