Title Loan Data for Pompano Beach, FL
$2,794
Average Loan Amount
$100–$29,993
Loan Range
2012
Average Vehicle Year
4,335
Loans Funded
Based on 4,335 loans in Pompano Beach 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 Pompano Beach, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2010 | Mini | Cooper | 110,000 | $657 |
| 2016 | Nissan | Altima | 180,810 | $657 |
| 2016 | Ford | Mustang | 102,471 | $4,871 |
| 2014 | Ford | F150 | 263,000 | $2,100 |
| 2015 | Toyota | Camry | 183,000 | $2,201 |
| 2015 | Ford | F150 | 160,000 | $2,642 |
| 2011 | Cadillac | Escalade | 334,652 | $2,068 |
| 2014 | Honda | CR-V | 180,451 | $3,335 |
| 2017 | Dodge | Grand Caravan | 133,000 | $4,107 |
| 2019 | Hyundai | Tucson | 127,763 | $3,587 |
Average Title Loan by Most Common Vehicles in Pompano Beach, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Ford | $7,173 | $3,020 | 538 |
| Chevrolet | $6,588 | $2,545 | 528 |
| Toyota | $9,122 | $3,392 | 434 |
| Nissan | $5,393 | $2,199 | 421 |
| Honda | $6,798 | $2,470 | 291 |
Based on 4,335 loans in Pompano Beach 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? Pompano Beach by the Numbers
What Pompano Beach Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Critical Home Repairs (Roof, Plumbing) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 4,335 borrowers in Pompano Beach from 2024–2025.
Unemployment Rate in Pompano Beach, Florida
8.0% of Pompano Beach 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 Pompano Beach, Florida
The median household income in Pompano Beach is $67,195. About 15.2% 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 Pompano Beach, FL Residents
Title loans remain legal in Florida. The Florida Title Loan Act (Chapter 537) establishes the rules: lenders must be licensed by the OFR, interest rates are capped on a tiered basis, there is no prepayment penalty, all costs must be disclosed before signing, and lenders must accept partial payments. 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 Pompano Beach 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.
Here is what you need to qualify in Pompano Beach:
Vehicle title in your name
Valid government-issued photo ID
Proof of income (pay stubs, benefit letters, bank statements)
Proof of Florida address
Social Security number
Your credit history is not the deciding factor.
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.
