Title Loan Data for El Paso, TX
$1,690
Average Loan Amount
$205–$9,100
Loan Range
2009
Average Vehicle Year
104
Loans Funded
Based on 104 loans in El Paso 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 El Paso, TX
Actual loan amounts vary based on vehicle condition, mileage, and Texas regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2010 | Nissan | Altima | 220,000 | $1,200 |
| 2021 | Ford | Explorer | 56,667 | $13,000 |
| 2018 | Honda | Accord | 96,000 | $3,000 |
| 2012 | Ram | 1500 | 171,000 | $3,000 |
| 2014 | Subaru | Outback | 248,000 | $1,583 |
| 2018 | Ford | Explorer | 133,000 | $3,100 |
| 2004 | GMC | Envoy | 200,000 | $668 |
| 2014 | Mercedes-Benz | C Class | 130,000 | $1,600 |
| 2019 | Ram | 1500 | 210,000 | $3,000 |
| 2012 | Ford | Focus | 22,000 | $695 |
Average Title Loan by Most Common Vehicles in El Paso, TX
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chevrolet | $4,249 | $1,200 | 22 |
| Ford | $2,891 | $1,500 | 11 |
| Hyundai | $1,557 | $1,006 | 7 |
| Toyota | $4,911 | $1,748 | 7 |
| Honda | $3,533 | $1,112 | 6 |
Based on 104 loans in El Paso 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? El Paso by the Numbers
What El Paso Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Business Operating Capital (Small/Solo) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 104 borrowers in El Paso from 2024–2025.
Unemployment Rate in El Paso, Texas
6.0% of El Paso 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 El Paso, Texas
The median household income in El Paso is $59,745. About 18.4% 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 El Paso, TX Residents
A lien-free title is generally required. The way a title loan works is that the lender records a new lien with the TxDMV, which secures their interest during the loan term. If another lienholder is already recorded, the lender cannot take a first-position lien, which is typically required. Once you repay the loan, the lender releases the lien and your title is returned clear.
With a title loan, your vehicle secures the loan and the amount you can borrow is based on your car’s value and your ability to repay, typically up to 50% of its current market value. The lender places a lien on your title through the TxDMV while you keep driving the car. You repay the loan over the agreed term. In Texas, the total term including any renewals cannot exceed 180 days. When the balance is paid, the lender releases the lien.
To qualify for a car title loan in El Paso, have these ready:
Your vehicle title (fully paid off or with significant equity)
A valid government-issued photo ID
Any form of proof of income
Proof of Texas residency
Your Social Security number
Approval is based on your vehicle’s value and your ability to repay. Get a free estimate online to see what you may qualify for.
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.
In some cases, yes. A credit check may be run as part of the application review, but your credit score is not the main approval factor for title loan approval. Approval is based primarily on your vehicle’s value and your ability to repay. Borrowers with bad or limited credit can still qualify.
A title loan may be worth considering when speed and accessibility matter and other options are unavailable. Bank loans come with strict credit requirements and can take days or weeks. Title loans are approved based on vehicle value and income, often within hours. Be aware that Texas title loans carry significantly higher costs than bank loans and your car serves as collateral, meaning default puts your vehicle at risk.
After full repayment, the lender has 10 days to release the lien with TxDMV. Electronic liens are cleared automatically once the lender files the release. Paper title releases use Form VTR-266 or a written release on the lender’s letterhead, mailed to you. If the lien is not released within 10 days of payoff, contact the OCCC at (800) 538-1579.
