So, evidently your car now qualifies as collateral, for a short term loan. Title loans New Jersey will give you a short term loan, it your car is less than ten years old, and has a wholesale value of at least $2,500. You must also be at least 18 years of age. Yes, there are a few other details that must be given, and you must borrow at least $1,000. I suppose if you have desperate needs, this may be of help to you.