Title Loan Data for Florence, KY
$3,632
Average Loan Amount
$634–$14,079
Loan Range
2015
Average Vehicle Year
96
Loans Funded
Based on 96 loans in Florence from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Kentucky regulations.
Actual Title Loans Funded in Florence, KY
Actual loan amounts vary based on vehicle condition, mileage, and Kentucky regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2015 | Ford | F150 | 280,000 | $1,979 |
| 2008 | Hummer | H3 | 153,000 | $1,979 |
| 2014 | Toyota | RAV4 | 110,000 | $3,300 |
| 2016 | Kia | Optima | 111,655 | $1,678 |
| 2000 | Honda | Civic | 230,157 | $1,102 |
| 2017 | Ford | Explorer | 128,000 | $3,000 |
| 2019 | Chrysler | Pacifica | 58,000 | $2,304 |
| 2023 | Hyundai | Palisade | 1,200 | $10,578 |
| 2015 | Buick | Regal | 149,000 | $2,300 |
| 2012 | Nissan | Titan | 159,000 | $2,120 |
Average Title Loan by Most Common Vehicles in Florence, KY
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chevrolet | $10,665 | $4,031 | 15 |
| Ford | $9,473 | $3,432 | 14 |
| Toyota | $9,056 | $4,176 | 9 |
| Nissan | $8,075 | $2,542 | 7 |
| Honda | $12,267 | $4,052 | 6 |
Based on 96 loans in Florence from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Kentucky regulations.
Did You Know? Florence by the Numbers
What Florence Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Dental Emergencies |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 96 borrowers in Florence from 2024–2025.
Unemployment Rate in Florence, Kentucky
3.1% of Florence residents are currently unemployed, compared to the Kentucky state average of 5.6%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Florence, Kentucky
The median household income in Florence is $71,003. About 9.5% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Kentucky
- Interest rate cap: Tiered: 3% per month up to $5,000 (36% APR), 2.42% per month $5,001-$10,000 (~29% APR), 2.25% per month $10,001-$15,000 (27% APR)
- Loan range: Up to $15,000 maximum
- Repayment term: Monthly installment payments
- Regulated by: Kentucky Department of Financial Institutions (DFI)
What a Title Loan Costs in Kentucky
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $1,000 | 12 months | 36% | $206 | $1,206 |
| $3,500 | 12 months | 29.04% | $501 | $4,001 |
| $7,500 | 12 months | 29.04% | $1,073 | $8,573 |
| $12,000 | 12 months | 27% | $1,415 | $13,415 |
Kentucky uses a tiered rate structure under KRS 286.4-530. The APR shown reflects the applicable tier for each loan amount. Your actual rate depends on your specific loan amount and agreement.
📖 Governing law: Kentucky Consumer Loan Companies Act (KRS Chapter 286, Subtitle 4); Note: Title Pledge Lending (KRS 286.10) was repealed by HB 726 in 2024
See all Kentucky title loan rules and consumer protections on our Kentucky title loans page.
Title Loan Questions for Florence, KY Residents
Title loans typically provide 25% to 50% of your vehicle’s value. In Kentucky, the maximum loan amount is $15,000. Borrowers in Florence usually receive between $1,000 and $5,000, depending on vehicle value and income.
In Florence, KY, your vehicle can be repossessed once you default, with no advance notice required. After repossession, you must be notified before the vehicle is sold, and any surplus from the sale is returned to you.
In many cases, an in-person inspection is not required. Online title loan applications use vehicle photos for appraisal instead. You provide clear images of your car, your title, and your documentation, and the application is processed remotely.
Yes. Applying for a title loan online in Florence is safe. Our website uses 256-bit SSL encryption to protect your personal information.
Bankruptcy history is less of a barrier for title loans than for traditional financing. Vehicle collateral value and current repayment ability matter more than past credit events. If your bankruptcy has been discharged and you have verifiable income, you may still qualify.
The most common disqualifying factors are: a title in someone else’s name, existing liens on the Kentucky DMV certificate, no proof of any income source, not residing in Kentucky, or already holding another title loan. Kentucky law does not permit more than one at a time.
A missed payment can lead to repossession. In many cases, lenders must provide written notice and give you time to catch up before selling the vehicle. If the car sells for more than you owe, the remaining balance is typically returned to you. Contact your lender before you miss a payment to explore your options.
Keeping your car is a core feature of a title loan. A lien is recorded with the Kentucky DMV and the title is held as security for the loan, but you keep the vehicle and drive it throughout the repayment period. You do not surrender your car at any point.
