Title Loan Data for Centreville, VA
$4,186
Average Loan Amount
$4,186–$4,186
Loan Range
2017
Average Vehicle Year
1
Loans Funded
Based on 1 loans in Centreville from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Virginia regulations.
Actual Title Loans Funded in Centreville, VA
Actual loan amounts vary based on vehicle condition, mileage, and Virginia regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2017 | Jeep | Wrangler | 172,000 | $4,186 |
Average Title Loan by Most Common Vehicles in Centreville, VA
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Jeep | $12,050 | $4,186 | 1 |
Based on 1 loans in Centreville from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Virginia regulations.
Did You Know? Centreville by the Numbers
What Centreville Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Moving Expenses or Security Deposits |
| 2 | Rent or Mortgage Payments |
| 3 | Urgent Vehicle Repairs |
Based on 1 borrowers in Centreville from 2024–2025.
Unemployment Rate in Centreville, Virginia
4.4% of Centreville residents are currently unemployed, compared to the Virginia state average of 4.1%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Centreville, Virginia
The median household income in Centreville is $139,510. About 7.2% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Virginia
- Interest rate cap: 36% per year interest plus optional monthly maintenance fee up to $15/month (combined rate including fees; Virginia statutory interest is limited under the Consumer Finance Act, with additional fee schedules)
- Loan range: Up to $2,500 (no minimum)
- Repayment term: 6 to 24 months
- Regulated by: Virginia State Corporation Commission (SCC) – Bureau of Financial Institutions
What a Title Loan Costs in Virginia
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $500 | 12 months | 36% | $103 | $603 |
| $1,500 | 12 months | 36% | $308 | $1,808 |
| $2,500 | 12 months | 36% | $514 | $3,014 |
Lenders may also charge a monthly maintenance fee (up to $15/month), adding up to $180 per year on top of interest. Always ask your lender for the full APR before signing.
📖 Governing law: Virginia Motor Vehicle Title Loan Act (as reformed by Fairness in Lending Act 2020)
See all Virginia title loan rules and consumer protections on our Virginia title loans page.
Title Loan Questions for Centreville, VA Residents
Your car’s condition has a direct impact on how much you can borrow. The vehicle’s year, make, model, mileage, and physical state are evaluated to estimate market value alongside your ability to repay. You can expect up to 50% of your car’s current value, up to Virginia’s $2,500 cap.
Title loan funds can be used for any personal expense. Common uses include medical bills, utility payments, car repairs, and other urgent costs. Because title loans carry higher costs than many other forms of credit, they are best reserved for genuine financial emergencies.
Yes, title loans in Centreville carry higher costs than bank loans, personal loans, or credit union products, even with Virginia’s 36% annual rate cap. Monthly maintenance fees add to the total. Compare the total repayment amount in your loan contract against available alternatives before committing.
The full application process can be handled online from Centreville. You provide your vehicle details, upload your title and required documents, and complete everything through a secure portal from home. Funding is generally disbursed electronically to your account.
If you do not have your physical title, you will need to obtain a replacement from the Virginia DMV before a title loan can be finalized. Visit dmv.virginia.gov and locate the nearest customer service center. Applying in person is typically faster than mailing your application.
Yes, you can apply with bad credit. Title loans in Centreville are designed for borrowers who cannot access traditional bank financing. Approval is based primarily on your vehicle’s market value and your ability to repay.
Yes, you can pay off early and Virginia law works in your favor when you do. The lender must refund a prorated portion of any prepaid fees and interest when the loan is settled before its maturity date. Paying early lowers your total repayment amount.
Yes. Title loans often come with high costs. In Virginia, on a $1,000 loan you could pay up to about $45 per month (around $30 in interest plus up to $15 in monthly fees). Total charges over the life of the loan are capped at 50% of the loan amount for loans of $1,500 or less, and 60% for loans above $1,500. You should treat this as a short-term option and plan to repay it on time.
Example:
If you borrow $1,000 in Centreville, total interest and fees cannot exceed $500.
