Title Loan Data for Cocoa, FL
$925
Average Loan Amount
$500–$2,000
Loan Range
2007
Average Vehicle Year
9
Loans Funded
Based on 9 loans in Cocoa 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 Cocoa, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2011 | Buick | LaCrosse | 150,000 | $777 |
| 2016 | Chrysler | 200 | 156,000 | $657 |
| 2007 | Honda | Civic | 297,641 | $500 |
| 2015 | Ford | F150 | 130,000 | $2,000 |
| 2000 | Dodge | Ram 1500 | 124,500 | $975 |
| 2001 | Ford | Ranger | 29,000 | $1,075 |
| 2005 | Toyota | Avalon | 225,470 | $725 |
| 2012 | Kia | Forte | 172,000 | $575 |
| 2007 | Kia | Spectra | 159,604 | $575 |
| 2008 | Jeep | Liberty | 196,000 | $1,225 |
Average Title Loan by Most Common Vehicles in Cocoa, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Ford | $6,150 | $1,537 | 2 |
| Kia | $1,250 | $575 | 2 |
| Dodge | $2,025 | $975 | 1 |
| Nissan | $1,575 | $675 | 1 |
| Toyota | $2,150 | $725 | 1 |
Based on 9 loans in Cocoa 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? Cocoa by the Numbers
What Cocoa Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 9 borrowers in Cocoa from 2024–2025.
Unemployment Rate in Cocoa, Florida
5.6% of Cocoa 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 Cocoa, Florida
The median household income in Cocoa is $63,105. About 13.1% 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 Cocoa, FL Residents
Yes, title loans are fully legal in Florida. The Florida Title Loan Act (Chapter 537) governs how title loans are made, what lenders can charge, and what protections borrowers have. Lenders must be licensed and regulated by the Florida OFR. Verify any lender at flofr.gov before borrowing.
If you stop paying, the lender may repossess your vehicle once the loan is unpaid 30 days past its maturity date. You must be given a chance to remove personal belongings. The lender must give 10 days written notice before selling the vehicle. You can redeem it before the sale by paying the full balance plus costs. Any surplus from the sale is returned to you.
To apply online, complete the free estimate form on the website. You will need your vehicle details, proof of income, and your Florida address. The process is mobile-friendly and can be completed in minutes from your phone.
A lien-free title means your car is fully paid off with no other lender holding a claim on it. This is required because when you take out a title loan, the lender adds their name to your title as the lienholder to secure the loan. Once you repay the loan in full, the lender is removed from the title and you get it back free and clear. You can verify your lien status through the Florida DHSMV using your VIN.
No, you do not need good credit to qualify. Title loans are specifically designed for borrowers with poor or limited credit. Approval in Cocoa is based on your vehicle’s value and your ability to repay, not your credit score. That is why title loans are a practical option for people banks have turned down. Get a free estimate to find out where you stand.
To apply for a title loan in Cocoa, you will need these documents:
Your car title in your name
A government-issued photo ID
Proof of income
Proof of Florida residency
Your Social Security number
Good credit is not required.
Yes. You may still qualify with bad credit or a past bankruptcy. Approval is based mainly on your vehicle’s value and your ability to repay.
Yes. You keep and drive your car throughout the entire loan term.
