Title Loan Data for West Palm Beach, FL
$2,480
Average Loan Amount
$575–$9,582
Loan Range
2010
Average Vehicle Year
21
Loans Funded
Based on 21 loans in West Palm 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 West Palm Beach, FL
Actual loan amounts vary based on vehicle condition, mileage, and Florida regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2019 | Chevrolet | Tahoe | 135,000 | $6,114 |
| 2015 | Nissan | Murano | 196,000 | $3,856 |
| 2024 | Hyundai | Tucson | 31,240 | $5,000 |
| 2005 | Dodge | Dakota | 157,000 | $1,366 |
| 1970 | Oldsmobile | 4-4-2 W30 Coupe | 10,000 | $7,500 |
| 2019 | Ford | Fusion | 112,635 | $2,180 |
| 2007 | Volkswagen | Jetta | 186,072 | $800 |
| 2016 | Buick | LaCrosse | 190,000 | $1,000 |
| 2007 | Kia | Sportage | 100,000 | $1,575 |
| 2014 | GMC | Sierra 1500 | 176,000 | $3,706 |
Average Title Loan by Most Common Vehicles in West Palm Beach, FL
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Ford | $6,706 | $1,495 | 4 |
| Kia | $6,038 | $1,787 | 2 |
| Dodge | $2,538 | $1,470 | 2 |
| Honda | $14,588 | $5,837 | 2 |
| Toyota | $8,759 | $1,663 | 2 |
Based on 21 loans in West Palm 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? West Palm Beach by the Numbers
What West Palm 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 21 borrowers in West Palm Beach from 2024–2025.
Unemployment Rate in West Palm Beach, Florida
5.1% of West Palm 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 West Palm Beach, Florida
The median household income in West Palm Beach is $73,446. About 14.1% 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 West Palm Beach, FL Residents
Yes. Many borrowers in West Palm Beach use title loan funds for rent, utilities, medical bills, car repairs, or other everyday emergencies. There are no restrictions on how the money is used after it is funded.
Generally yes. Title loans in West Palm Beach carry higher interest rates than personal loans from banks or credit unions for qualified borrowers. However, if you do not qualify for a personal loan or need funds immediately, a title loan may be the most accessible option. Compare total costs before deciding.
Florida law sets no minimum or maximum title loan amount. Loan amounts typically range from around 50 to $10,000 depending on your vehicle’s value. Your vehicle’s make, model, year, mileage, and condition all factor in. As a guideline, you may qualify for up to 50% of your car’s value. Get a free estimate online.
Older and higher-mileage vehicles are evaluated on the basis of their current market value. A 10-year-old car with 120,000 miles can still qualify if the market value is sufficient. Get a free estimate online to find out what your car is worth today.
A car title loan works by using your vehicle as collateral. Your car’s value and ability to repay are evaluated, a lien is placed on the title, and funds are released. You keep driving throughout the loan term. Once fully repaid, the lien is removed and your title is returned. Be aware: if you default, the lender may repossess the vehicle.
Yes, you keep your car when you take out a title loan in West Palm Beach. You hand over the title as security, but your keys stay with you and you continue using your vehicle as normal for the full duration of the loan. The vehicle is only at risk if payments stop.
Most pre-approvals take about 30 minutes. Funding may be available the same day if completed before 2 PM⁸.
In West Palm Beach, 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.
