Title Loan Data for Boca Raton, FL
$4,405
Average Loan Amount
$975–$11,533
Loan Range
2016
Average Vehicle Year
11
Loans Funded
Based on 11 loans in Boca Raton from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Florida regulations.
Actual Title Loans Funded in Boca Raton, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2017 | Mini | Cooper Countryman | 50,000 | $3,642 |
| 2019 | Nissan | Armada | 100,000 | $11,533 |
| 2016 | INFINITI | QX60 | 111,000 | $4,173 |
| 2014 | Nissan | Rogue | 71,000 | $975 |
| 2012 | Chrysler | 200 | 20,000 | $2,100 |
| 2015 | Hyundai | Sonata | 110,000 | $2,344 |
| 2015 | Lincoln | Navigator | 103,000 | $4,177 |
| 2022 | BMW | X4 | 42,000 | $8,093 |
| 2006 | Mercedes-Benz | CLS Class | 180,000 | $1,075 |
| 2015 | Chevrolet | Malibu | 117,611 | $2,575 |
Average Title Loan by Most Common Vehicles in Boca Raton, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Hyundai | $9,263 | $4,172 | 2 |
| Nissan | $12,038 | $6,254 | 2 |
| Chrysler | $2,750 | $2,100 | 1 |
| BMW | $54,600 | $8,093 | 1 |
| Kia | $13,550 | $5,415 | 1 |
Based on 11 loans in Boca Raton from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Florida regulations.
Did You Know? Boca Raton by the Numbers
What Boca Raton Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 11 borrowers in Boca Raton from 2024–2025.
Unemployment Rate in Boca Raton, Florida
5.5% of Boca Raton residents are currently unemployed, compared to the Florida state average of 5.0%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Boca Raton, Florida
The median household income in Boca Raton is $106,273. About 10.0% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Florida
- Interest rate cap: Tiered: 30% per year on first $2,000; 24% per year on $2,001-$3,000; 18% per year above $3,000
- Loan range: $250 to $10,000 (typical market range)
- Repayment term: 30-day term, extendable for additional 30-day periods
- Regulated by: Florida Office of Financial Regulation (OFR)
What a Title Loan Costs in Florida
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $1,000 | 30 days | 30% | $25 | $1,025 |
| $3,000 | 30 days | 28% | $69 | $3,069 |
| $5,000 | 30 days | 24% | $99 | $5,099 |
Your actual rate and payment depend on your lender and agreement. Always ask your lender for the full APR before signing.
📖 Governing law: Florida Title Loan Act, Chapter 537, Florida Statutes
See all Florida title loan rules and consumer protections on our Florida title loans page.
Title Loan Questions for Boca Raton, FL Residents
Yes. You keep your car throughout the entire loan term. A lien is placed on your title as collateral, not physical possession of your vehicle. You can continue driving to work, appointments, or anywhere else while you repay the loan. The vehicle is only at risk if payments stop and the loan goes into default.
Most pre-approvals take about 30 minutes. Funding may be available the same day if completed before 2 PM⁸.
In Boca Raton, FL, your car can be repossessed if you fail to pay within 30 days after the loan’s due date. The law requires written notice before sale. You can reclaim the vehicle by paying the full balance plus fees.
No credit check is required for pre-approval or a free estimate. Approval is based primarily on your vehicle’s value and your ability to repay.
Proof of income is a requirement, but it is flexible. In Boca Raton, accepted income documentation can include pay stubs, bank statements, Social Security or disability letters, pension award letters, and self-employment records. The goal is to show you can repay the loan.
Florida title loans are regulated by the OFR under Chapter 537. Rate caps: 30% on the first $1,000, 24% on $1,001 to $3,000, and 18% above $3,000. Term is 30 days, extendable.
| Loan Amount | Term | APR | Interest Owed | Total Due |
| $,000 | 30 days | 30% | ~5 | ~,025 |
| $,000 | 30 days | ~28% | ~9 | ~,069 |
| $,000 | 30 days | ~24% | ~9 | ~,099 |
Actual rates and terms may vary based on the loan amount and the borrower’s specific situation.
After your final payment, the lender releases the lien electronically with the Florida DHSMV, typically within 10 business days. Florida titles are mostly electronic, so no paper document is sent automatically. If you want a paper title, request one through the Florida MyDMV Portal for a small fee. Paper titles are generally mailed within 3 to 4 weeks.
Lien status is recorded with the Florida DHSMV. You can check whether your vehicle has an active lien by searching by VIN through the DHSMV’s records. If there is a lien that was not properly released after your previous loan was paid off, the previous lender must file a lien release.
