Title Loans in Florida

Financial challenges don't follow a schedule. Luckily, Florida residents can get financial support fast by applying for an auto title loan. No more waiting days or weeks for the cash you need – get approved for online title loans worth $500 to $50,000, or 25-50% of your car's value on the same business day you apply. Get started with our online form or call us at (888) 557-7115 to speak with a title loan agent. 

Key Takeaways

1. A vehicle title loan uses your car as collateral and gives you access to cash faster than traditional loans. 
2. Title loans hinge on your car’s equity and your ability to repay the loan rather than your credit score.
3. While convenient, auto title loans often come with high interest rates of over 30%.
4. Apply for title loans in Florida online using our secure platform. You may be able to get cash the same business day you apply.

What is an Auto Title Loan?

A car title loan is a type of short-term loan where borrowers use their vehicle title as collateral. Unlike traditional loans, which rely heavily on credit history, title loans are primarily based on the value of the vehicle and the borrower’s ability to repay the loan. 

Another notable benefit of auto title loans is that borrowers can continue driving their vehicles while repaying their loans. That means you don’t have to sacrifice using your vehicle for daily needs throughout the loan term. 

Though they offer quick access to cash, even for those with poor credit, auto title loans come with a significant risk. If a borrower doesn't repay their loan on time, the lender can repossess their vehicle. As a result, title loans are best saved as a last resort when you've explored all your other options.

Can I Get a Car Title Loan in Florida?

In Florida, auto title loans are legal but come with certain restrictions. The Florida Title Loan Act outlines specific rules and qualifications for borrowers and lenders. The duration of title loans in Florida is 30 days after the date the agreement is signed. However, repayment may be extended for one or more additional 30-day periods.

All title loan lenders must hold an active title loan license issued by the Office of Financial Regulation. There are also clearly defined rules about annual interest rates for various loan amounts:

Loan Amount	Max. Annual Interest Rate
First $2,000 of the loan	30%
The part of the loan between $2,000 and $3,000	24%
The part of the loan >$3,000	18%

Florida Auto Title Loan Requirements

There are a few initial qualifications all applicants are required to meet to be eligible for a title loan. You must:

1. Be at least 18 years old
2. Have a qualifying vehicle title in your name
3. Have proof of income

Once a person meets these basic requirements, they must also submit documentation to verify their information. 

Documents required for title loans in Florida:

• Proof of address
• A copy of your eligible vehicle title
• A valid, government or state-issued photo ID

How to Get a Fast Title Loan in Florida

Get approved for title loans in Florida on the same business day you apply using our easy online platform.

We're here to help you secure the funds you need, even if you have bad credit. 

Here's how to get started:

1. Apply Online

Complete our online title loan application or call us at (888) 557-7115. This totally secure process takes only a few minutes and is hassle-free.

2. Submit Documents

Upload copies of your documentation for review alongside your application. The lender will use these details to create your unique loan offer.

3. Get Quick Cash

In most cases, you can get approved within the same business day. Next, it's time to wait for your cash to reach your bank account!

What to Know Before Applying for Florida Title Loans

Car title loans can be useful, but they also come with some risks, including losing your vehicle. That’s why you should always consider what other payment options are available to you before applying. 

You should also know that Florida law requires lenders to disclose all loan information, including deadlines, repayment terms, etc. Carefully read your agreement, and be sure to ask any questions you have before signing.

Frequently Asked Questions

Does Florida Still Do Title Loans?

Yes, you can apply for a title loan in Florida. To be eligible, you must be able to submit proof of income, personal identification, and a title to a vehicle in your name. If you are a Florida resident, you can apply for an online title loan with us right from the comfort of your own home.

How Much Can You Get For a Title Loan in Florida?

Title loan amounts depend on your vehicle's value. In Florida, some title loans are for small amounts, like $250 to $1,000. However, most are larger and may reach up to $5,000 or over $10,000.

What Happens if You Use Your Car as Collateral For a Loan?

If you use your car title as collateral for a loan and don’t make payments on time, your lender can repossess your vehicle. Lenders must offer borrowers a chance to surrender their vehicle before they hire a repossession agent. If your lender sells your vehicle, you’re entitled to any money left over after the sale beyond what you still owe.