Title Loan Data for Clearwater, FL
$2,452
Average Loan Amount
$500–$9,125
Loan Range
2012
Average Vehicle Year
58
Loans Funded
Based on 58 loans in Clearwater 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 Clearwater, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2014 | Dodge | Charger | 164,000 | $657 |
| 2016 | Audi | A7 | 119,000 | $2,384 |
| 2013 | Ford | Focus | 114,802 | $877 |
| 2004 | Toyota | 4Runner | 190,720 | $2,811 |
| 2015 | Toyota | Camry | 116,000 | $3,104 |
| 2012 | Ford | F150 | 40,000 | $2,251 |
| 2015 | Kia | Sportage | 48,000 | $5,111 |
| 2014 | Scion | tC | 132,017 | $1,822 |
| 2013 | Ford | Escape | 198,242 | $657 |
| 2010 | Mercedes-Benz | C Class | 140,000 | $4,107 |
Average Title Loan by Most Common Vehicles in Clearwater, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Toyota | $7,803 | $3,183 | 8 |
| Kia | $4,508 | $2,268 | 6 |
| GMC | $9,660 | $2,830 | 5 |
| Chevrolet | $3,106 | $1,029 | 4 |
| Cadillac | $2,767 | $1,418 | 3 |
Based on 58 loans in Clearwater 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? Clearwater by the Numbers
What Clearwater Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 58 borrowers in Clearwater from 2024–2025.
Unemployment Rate in Clearwater, Florida
4.2% of Clearwater 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 Clearwater, Florida
The median household income in Clearwater is $66,381. About 14.8% 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 Clearwater, FL Residents
No. Once your title loan is funded in Clearwater, you can use the money however you need. Common uses include emergency expenses, bills, medical costs, home repairs, and other urgent financial needs. There are no restrictions on how the funds are spent.
Title loan rates in Clearwater are generally higher than bank or credit union loan rates. However, bank loans require good credit and take longer to process. For borrowers who cannot access traditional credit and need fast funds, a title loan can be a practical short-term option despite the higher cost.
Florida law sets no minimum or maximum title loan amount, so the amount you qualify for in Clearwater depends on your vehicle’s value. Loans typically range from around 50 to $10,000. Most borrowers may qualify for up to 50% of their car’s current market value. Get a free estimate online to see what your vehicle qualifies for.
Vehicle age is one factor but not a disqualifier on its own. What matters is the current market value. An older vehicle that is well-maintained and in demand may still have sufficient value to qualify in Clearwater. Get a free estimate online to see where your car stands.
A car title loan is a secured loan using your vehicle as collateral. You apply, your car’s value and ability to repay are evaluated, a lien is placed on the title, and funds are released. You keep driving while making payments. Once fully repaid, the lien is released and your title is returned. Because your car is the collateral, it is at risk if you default. Florida regulates rates under the OFR.
Yes, you can keep driving your car while you have a title loan in Clearwater. You hand over the title as security, but your keys stay with you. You continue driving your vehicle as normal throughout the entire loan term. 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 Clearwater, 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.
