Title Loan Data for Tacoma, WA
$2,675
Average Loan Amount
$1,910–$5,050
Loan Range
2014
Average Vehicle Year
5
Loans Funded
Based on 5 loans in Tacoma from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Washington regulations.
Actual Title Loans Funded in Tacoma, WA
Actual loan amounts vary based on vehicle condition, mileage, and Washington regulations.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2010 | Chevrolet | Suburban | 130,000 | $1,910 |
| 2023 | Nissan | Rogue | 22,600 | $2,000 |
| 2017 | Kia | Forte | 6,500 | $5,050 |
| 2015 | Honda | Fit | 40,000 | $2,000 |
| 2007 | Chevrolet | Colorado | 200,000 | $2,413 |
| 2011 | INFINITI | QX56 | 12,500 | $3,000 |
| 2018 | Honda | CR-V | 53,000 | $8,900 |
| 2014 | Toyota | Corolla | 120,000 | $3,330 |
| 2016 | Jeep | Compass | 113,423 | $895 |
| 2009 | Ford | E350 Vans | 190,000 | $5,000 |
Average Title Loan by Most Common Vehicles in Tacoma, WA
| Vehicle Make | Avg. Vehicle Value | Avg. Loan Amount | Borrowers |
|---|---|---|---|
| Chevrolet | $4,850 | $2,161 | 2 |
| Honda | $9,425 | $2,000 | 1 |
| Kia | $12,600 | $5,050 | 1 |
| Nissan | $28,700 | $2,000 | 1 |
Based on 5 loans in Tacoma from 2024 to 2025. Actual loan amounts vary based on your vehicle’s condition, mileage, your ability to repay the loan, and Washington regulations.
Did You Know? Tacoma by the Numbers
What Tacoma Borrowers Used Their Loan For
| # | Top Use |
|---|---|
| 1 | Electric and Water Utilities |
| 2 | Emergency Medical Bills |
| 3 | Gas and Transportation Costs |
Based on 5 borrowers in Tacoma from 2024–2025.
Unemployment Rate in Tacoma, Washington
5.6% of Tacoma residents are currently unemployed, compared to the Washington state average of 5.1%.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Median Household Income in Tacoma, Washington
The median household income in Tacoma is $85,884. About 12.4% of residents live below the federal poverty line.
Source: U.S. Census Bureau & Bureau of Labor Statistics.
Title Loan Regulations in Washington
- Interest rate cap: 25% APR
- Loan range: No minimum or maximum set by law
- Repayment term: Per agreement; most title loans are 30 days or 3-6 months
- Regulated by: Washington State Department of Financial Institutions (DFI)
What a Title Loan Costs in Washington
| Loan Amount | Term | APR | Interest/Fees | Total Due |
|---|---|---|---|---|
| $500 | 180 days | 25% | $57 | $557 |
| $1,000 | 180 days | 25% | $114 | $1,114 |
| $3,000 | 180 days | 25% | $343 | $3,343 |
Totals include 25% APR interest and 4% origination fee. Actual amounts may vary slightly due to payment timing and rounding.
📖 Governing law: Washington Consumer Loan Act
See all Washington title loan rules and consumer protections on our Washington title loans page.
Title Loan Questions for Tacoma, WA Residents
You can lose your car if you default. Washington law allows repossession without a court order as long as it is done without breaching the peace. Reasonable notice must be given before the vehicle is sold. If the car sells for more than you owe, the surplus is returned to you. If it sells for less, you may be responsible for the difference. Contact the company before missing a payment.
Apply for a replacement title through the Washington Department of Licensing. Visit dol.wa.gov to find the correct form, fee schedule, and your nearest licensing office. In-person applications are typically processed faster than mail-in requests. You must have your replacement title before a title loan can proceed.
A title loan is secured by your car. You can borrow up to about 50% of your vehicle’s current market value based on its worth and your ability to repay. A lien is filed with the Washington Department of Licensing and the title is held while you keep driving and repay in installments. The lien is released and your title returned once the loan is paid off.
The main things needed to qualify for a car title loan in Tacoma are:
• A car title in your name (paid off or nearly paid off)
• A government-issued photo ID
• Any verifiable proof of income
• Proof of Washington residency
• Your Social Security number
Your vehicle’s value and ability to repay drive approval, 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 be run as part of the application, depending on the borrower’s profile and the credit criteria that must be fulfilled. However, your credit score is not the main approval factor. Title loans are secured by your vehicle, so approval is based primarily on your car’s value and your ability to repay. Borrowers with bad or limited credit may still qualify.
A title loan may be an option when you need fast access to cash and may not qualify for a traditional bank loan. Bank loans often require higher credit scores and longer approval times. Title loans are usually based on your vehicle’s value and income, but they can cost more and your car may be at risk if you miss payments.
