Title Loan Data for Altamonte Springs, FL
$2,026
Average Loan Amount
$500–$5,093
Loan Range
2012
Average Vehicle Year
21
Loans Funded
Based on 21 loans in Altamonte Springs 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 Altamonte Springs, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2015 | Hyundai | Accent | 126,700 | $827 |
| 2012 | Chevrolet | Impala | 190,000 | $827 |
| 2015 | Nissan | Sentra | 126,000 | $500 |
| 2015 | Chrysler | 200 | 169,000 | $2,300 |
| 2015 | Chrysler | 200 | 168,000 | $2,375 |
| 2014 | Cadillac | CTS | 103,595 | $2,100 |
| 2010 | Nissan | Xterra | 172,000 | $5,016 |
| 1998 | Ford | Mustang GT Convertible | 109,000 | $925 |
| 2011 | Volkswagen | Jetta | 226,367 | $575 |
| 2016 | Hyundai | Sonata | 137,014 | $1,275 |
Average Title Loan by Most Common Vehicles in Altamonte Springs, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chrysler | $2,600 | $2,417 | 3 |
| Ford | $7,825 | $1,667 | 3 |
| Cadillac | $3,738 | $1,538 | 2 |
| Dodge | $4,150 | $1,886 | 2 |
| Mazda | $4,513 | $2,037 | 2 |
Based on 21 loans in Altamonte Springs 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? Altamonte Springs by the Numbers
What Altamonte Springs Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 21 borrowers in Altamonte Springs from 2024–2025.
Unemployment Rate in Altamonte Springs, Florida
5.1% of Altamonte Springs 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 Altamonte Springs, Florida
The median household income in Altamonte Springs is $64,070. About 11.9% 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 Altamonte Springs, FL Residents
Yes, Florida OFR regulates rates under Chapter 537: 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 last payment, the lender releases the lien electronically with the Florida DHSMV within approximately 10 business days. Your title record shows free and clear status in the DHSMV system. To receive a paper title, request one via the Florida MyDMV Portal for a small fee. Paper titles arrive within 3 to 4 weeks.
To confirm there is no lien on your vehicle title in Altamonte Springs, contact the Florida DHSMV (Department of Highway Safety and Motor Vehicles). You can check your vehicle’s lien status by VIN. If your records show an existing lien you believed was paid off, the previous lender may need to file a release.
The most common reasons for denial in Altamonte Springs are low vehicle value, no clear title in the applicant’s name, insufficient income to demonstrate repayment ability, or a title with a lien that exceeds the vehicle’s worth. Credit score is rarely the reason.
In Florida, replace a lost title using Form HSMV 82101 through the DHSMV. Standard mail takes 3 to 4 weeks. For same-day service, visit a county tax collector’s office in person and request a fast title for a 0 extra fee. Once your duplicate title is issued, you can proceed with your title loan application.
Title loans are built for speed. Same-day or next-business-day funding is possible for many applicants. The key steps, application, vehicle evaluation, document review, and fund release, can often be completed within one business day. To keep things moving quickly, have your car title, photo ID, and proof of income ready before you apply.
Title loans typically offer 25% to 50% of your vehicle’s value. Florida does not set a minimum or maximum loan amount. Most borrowers in Altamonte Springs receive between $1,000 and $5,000, depending on the vehicle and income.
Yes. Title loans often come with high costs. Florida caps rates using a tiered system (30%, 24%, and 18% depending on the loan amount), but costs can still add up quickly. You should treat this as a short-term loan and plan to repay it on time.
Example:
If you borrow $3,000 in Altamonte Springs, you pay about $70 per 30-day period. If you extend the loan every month for a year, that adds up to about $840 in total charges.
