Title Loan Data for Chesapeake, VA
$3,907
Average Loan Amount
$1,890–$14,271
Loan Range
2015
Average Vehicle Year
24
Loans Funded
Based on 24 loans in Chesapeake 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 Chesapeake, VA
Actual loan amounts vary based on vehicle condition, mileage, and Virginia regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2011 | Ram | 1500 | 236,000 | $2,400 |
| 2014 | Toyota | Camry | 120,000 | $3,000 |
| 2012 | Chevrolet | Tahoe | 155,000 | $2,000 |
| 2008 | Chevrolet | Silverado 1500 | 200,080 | $3,300 |
| 2015 | Mercedes-Benz | C Class | 65,315 | $4,900 |
| 2020 | Buick | Encore | 140,000 | $3,286 |
| 2021 | Dodge | Charger | 44,000 | $2,500 |
| 2010 | Honda | Accord | 157,000 | $2,432 |
| 2006 | Toyota | Sequoia | 176,000 | $2,343 |
| 2018 | Ford | EcoSport | 100,000 | $2,000 |
Average Title Loan by Most Common Vehicles in Chesapeake, VA
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Toyota | $13,908 | $6,538 | 3 |
| Nissan | $6,358 | $2,141 | 3 |
| Chevrolet | $10,092 | $3,767 | 3 |
| Cadillac | $14,475 | $3,945 | 2 |
| Dodge | $15,088 | $2,500 | 2 |
Based on 24 loans in Chesapeake 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? Chesapeake by the Numbers
What Chesapeake Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Moving Expenses or Security Deposits |
| 2 | Rent or Mortgage Payments |
| 3 | Urgent Vehicle Repairs |
Based on 24 borrowers in Chesapeake from 2024–2025.
Unemployment Rate in Chesapeake, Virginia
4.9% of Chesapeake 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 Chesapeake, Virginia
The median household income in Chesapeake is $95,373. About 9.4% 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 Chesapeake, VA Residents
Bankruptcy history is less of a barrier for title loans than for traditional financing. Vehicle collateral value and current repayment ability matter more than past credit events. If your bankruptcy has been discharged and you have verifiable income, you may still qualify.
How much you can borrow in Chesapeake mainly depends on your car’s current market value and your income. In Virginia, the maximum title loan amount is $2,500. Most borrowers qualify for up to about 50% of their vehicle’s value, depending on the car and their ability to repay. You can apply online to get a free estimate and see how much your car may qualify for.
A lien-free title is required under Virginia law. Lenders cannot make a title loan on a vehicle with an existing lien on the Virginia DMV certificate. The lender records a lien and holds your paper title during the loan. When paid off, the lender has 10 days to release the lien and return your clean title. Visit dmv.virginia.gov for title record questions.
A car title loan uses your vehicle as collateral. The amount you can borrow is based on your car’s value and your ability to repay, typically up to 50% of its market value up to Virginia’s $2,500 cap. The lender records a lien with the Virginia DMV and holds your paper title while you keep driving. You repay in monthly installments over 6 to 24 months. Your title is returned on full payoff.
To qualify for a car title loan in Chesapeake, have these ready:
• Your vehicle title (paid off)
• A valid government-issued photo ID
• Any form of proof of income
• Proof of Virginia residency
• Your Social Security number
Approval is based on your vehicle’s value and your ability to repay, not your credit history.
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 you.
