Title Loan Data for Amarillo, TX
$1,222
Average Loan Amount
$150–$5,000
Loan Range
2008
Average Vehicle Year
93
Loans Funded
Based on 93 loans in Amarillo from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Texas regulations.
Actual Title Loans Funded in Amarillo, TX
Actual loan amounts vary based on vehicle condition, mileage, and Texas regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2004 | Honda | Accord | 114,000 | $200 |
| 2014 | Buick | Enclave | 140,000 | $1,404 |
| 2012 | Chevrolet | Tahoe | 222,827 | $1,518 |
| 2021 | Volkswagen | Jetta | 142,847 | $3,500 |
| 2005 | Dodge | Ram 1500 | 130,000 | $3,000 |
| 2006 | Chevrolet | HHR | 130,000 | $1,850 |
| 2011 | Chevrolet | Silverado 2500 | 300,000 | $3,000 |
| 1993 | Dodge | Ram 150 | 250,000 | $650 |
| 2014 | Ford | Fusion | 151,124 | $422 |
| 2005 | Jeep | Grand Cherokee | 88,000 | $800 |
Average Title Loan by Most Common Vehicles in Amarillo, TX
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chevrolet | $3,904 | $1,385 | 23 |
| Ford | $4,804 | $1,042 | 15 |
| Dodge | $4,078 | $879 | 8 |
| Toyota | $6,333 | $1,039 | 6 |
| Kia | $1,575 | $666 | 5 |
Based on 93 loans in Amarillo from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Texas regulations.
Did You Know? Amarillo by the Numbers
What Amarillo Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Business Operating Capital (Small/Solo) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 93 borrowers in Amarillo from 2024–2025.
Unemployment Rate in Amarillo, Texas
3.4% of Amarillo residents are currently unemployed, compared to the Texas state average of 5.3%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Amarillo, Texas
The median household income in Amarillo is $65,912. About 15.8% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Texas
- Interest rate cap: No state cap on CAB fees (typical market rate: $20 per $100 per 30 days = ~243% APR); third-party lender interest capped at 10% per year (effective maximum under Texas’s pawn-style cap; statutory interest is capped at 10%/yr with service fees separate)
- Loan range: $500 to $10,000 (typical)
- Repayment term: Single payment (typically 30 days) or installment (typically 90-180 days)
- Regulated by: Texas Office of Consumer Credit Commissioner (OCCC)
What a Title Loan Costs in Texas
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $500 | 30 days | 243% | $100 | $600 |
| $1,000 | 30 days | 243% | $200 | $1,200 |
| $2,500 | 30 days | 243% | $500 | $3,000 |
Texas does not cap CAB fees. The fee rate above reflects the typical market rate reported to the OCCC and is not a legal maximum. Your actual fee depends on your lender and loan agreement. Always ask your lender for the full APR and total cost before signing.
📖 Governing law: Texas Finance Code Chapter 393
See all Texas title loan rules and consumer protections on our Texas title loans page.
Title Loan Questions for Amarillo, TX Residents
Bankruptcy history is less of a barrier for title loans than for traditional financing. Vehicle collateral value and current ability to repay matter more than past credit events. If your bankruptcy has been discharged and you have verifiable income, you may still qualify.
Your vehicle’s current market value drives the loan amount more than any other factor. Most borrowers qualify for up to 50% of their car’s value. Your ability to repay and other assessment criteria are also considered, but neither carries as much weight as the vehicle itself. Get a free estimate to find out what you qualify for.
Yes, a clear title is typically required for a title loan. When you take out the loan, the lender adds their name as lienholder in the TxDMV records. This cannot be done if another active lien already exists unless it is paid off first. After you repay the loan, the lender files a release and the title reverts to you free of any lien.
A title loan works by using your car’s value as the basis for borrowing. Your vehicle secures the loan, and you can typically borrow up to 50% of its current market value, based on your vehicle’s value and your ability to repay. In Texas, the lender records a lien with the TxDMV while you keep the car and continue driving. The maximum repayment term, including renewals, is 180 days. The lien is released when the loan is paid in full.
To apply for a car title loan in Amarillo, you will need:
• Your car title in your name (paid off or nearly paid off)
• A government-issued photo ID
• Proof of income
• Proof of Texas residency
• Your Social Security number
Good credit is not required. Approval is based primarily on your vehicle’s value and your ability to repay.
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. At 5 Star Car Title Loans™, you can complete your pre-approval online for free with no obligation. In most cases, the process, including the application, remote car inspection, and signing the agreement, can be completed from home.
A credit check may occur, but it is not the deciding factor. Title loans are secured by your vehicle, so approval is based on your car’s market value and income over credit history. A low score does not automatically disqualify your application.
