Title Loan Data for Laredo, TX
$1,874
Average Loan Amount
$628–$3,128
Loan Range
2010
Average Vehicle Year
7
Loans Funded
Based on 7 loans in Laredo 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 Laredo, TX
Actual loan amounts vary based on vehicle condition, mileage, and Texas regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2010 | Lincoln | MKZ | 190,000 | $3,128 |
| 2015 | Ford | F150 | 224,000 | $3,028 |
| 2007 | Chevrolet | Impala | 199,000 | $628 |
| 2012 | Ram | 1500 | 200,000 | $3,028 |
| 2011 | Jeep | Grand Cherokee | 202,000 | $1,578 |
| 2006 | Mazda | Mazda6 | 193,094 | $1,028 |
| 2007 | Ford | Edge | 135,000 | $700 |
| 2003 | Nissan | 350Z | 119,000 | $628 |
| 2007 | Chevrolet | Suburban | 158,000 | $628 |
| 2016 | Dodge | Dart | 117,000 | $500 |
Average Title Loan by Most Common Vehicles in Laredo, TX
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Ford | $5,400 | $1,864 | 2 |
| Chevrolet | $875 | $628 | 1 |
| Jeep | $1,988 | $1,578 | 1 |
| Lincoln | $1,425 | $3,128 | 1 |
| Mazda | $1,150 | $1,028 | 1 |
Based on 7 loans in Laredo 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? Laredo by the Numbers
What Laredo Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Business Operating Capital (Small/Solo) |
| 2 | Electric and Water Utilities |
| 3 | Emergency Medical Bills |
Based on 7 borrowers in Laredo from 2024–2025.
Unemployment Rate in Laredo, Texas
5.4% of Laredo 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 Laredo, Texas
The median household income in Laredo is $63,915. About 20.9% 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 Laredo, TX Residents
A soft or hard credit inquiry may be run, but a poor credit history is generally not disqualifying. Because the loan is secured by your car’s title, the main concern is your vehicle’s value and your ability to make scheduled payments.
When a bank denies you due to credit history or you need funds faster than a traditional loan allows, a title loan can be an alternative. Title loans are collateral-based, meaning approval depends on your vehicle’s equity rather than your creditworthiness. However, total costs are significantly higher than bank loans and your car is on the line if you cannot repay, so compare total costs carefully before committing.
Paying off your loan triggers the lender’s 10-day deadline to release the lien. For electronic liens, TxDMV removes it from your record once the lender files the release. For paper titles, the lender sends you a signed Form VTR-266 or a release on their letterhead. Visit txdmv.gov if you have questions.
Your printed Texas title will show any recorded lienholder in the designated section. If that section is blank, the title is lien-free. If you are unsure, contact the TxDMV at txdmv.gov to verify the current lien status on your vehicle’s record.
Many older and high-mileage vehicles qualify for title loans. The key factors are current market value, mechanical condition, and your ability to repay, not the vehicle’s age alone. Providing your vehicle’s year, make, model, mileage, and condition upfront helps determine whether it meets the minimum value needed for the loan you are requesting.
A missed payment on a Texas title loan can lead to repossession quickly. Lenders are not required to seek a court order or give advance warning before taking the vehicle. Once repossessed, you must be given at least 10 days notice of the sale date, time, and location. The sale proceeds are applied to your debt, but a deficiency balance is possible if those proceeds fall short.
The best step you can take is to contact your lender before you miss a payment. Reaching out early gives both sides the chance to work out a better solution.
Keeping your car is a core feature of a title loan. The lender records a lien with the TxDMV as security for the loan, but you keep the vehicle and drive it throughout the repayment period. You do not surrender your car at any point.
Most pre-approvals take about 30 minutes. Funding may be available the same day if completed before 2 PM⁸.
