How Title Loans Work In Florida & How To Qualify

Do you need cash in Florida? If so, you should consider a title loan online from Car Title Loans 123. The approval process is simple, and it only takes a few minutes for most qualified borrowers in Florida to apply and get approved.

Once you qualify for a title loan, you can choose your payoff term and loan amount with any local lender in cities such as Miami, Jacksonville, or Orlando.

To qualify for a title loan in Florida, you must have a paid off vehicle and a lien free title. You must own the car outright because lenders use this as collateral to secure your loan, and the vehicle's resale value is their primary security. In addition, the pink slip must be registered under your name and have active insurance coverage with no coverage lapse. Once you meet these criteria, you can apply with Car Title Loans 123 online or at any local lender location.

Sometimes, you may need to provide extra documents or details to prove you can make future loan payments. This is a typical requirement when you borrow cash using a high value vehicle, and lenders will often ask for proof of employment along with your recent monthly income information. By providing those details, you can show them there will be no issues making the title loan payments.

Get Approved For A Title Loan Online Or With A Local Lender in Florida

Florida may be the best state for having many options to get cash with a vehicle title loan or even with a title pawn online. Not only can you apply for a title loan online and get everything completed and finalized within an hour, but you can also apply with a local lender in Florida if that's what you prefer. Do you live in Jacksonville or Orlando? If so, you should have no real issue finding the best title loan companies near me, as dozens of companies are in those cities. The same applies to Tampa and smaller cities like Tallahassee and Miami Gardens.

First, you can apply for a secured loan online and complete all the upfront paperwork. At that point, it may be quicker to meet with that same local lender to sign the loan documents and wrap up the vehicle inspection once you complete all the Florida title loan requirements. Most companies licensed to offer title loans in Florida will require an in person inspection, and you can get this done in about 20 minutes at locations all over the State.

How Much Cash Can I Access From A Florida Title Loan Lender

Applicants in FL can qualify for auto title loans that start at $2,000 using a newer vehicle that's fully paid off. This amount can be higher if you have sufficient equity in your car or truck and can verify income. This is where it's helpful to apply with a neighborhood lender in Florida, and of course, these values and loan amounts will be higher in cities with higher household incomes. Take Palm Beach and Boca Raton as examples where many lenders have no problem dishing out 10k plus for a car title loan on a high value vehicle.

Once you know how much cash you need, you can see which companies are active online today and what rates they offer by applying online. Then, you can compare the APR and payoff terms. Use that information and contact the different title loan companies near you in Florida to see if you can negotiate a financing term that's more advantageous to your situation.

Car Title Loans In FL With Bad Credit

Title loans in Florida are possible if you have bad credit or no credit history. When determining the funding amount, the lender cares most about your vehicle and its resale value. Bad credit title loans may not be offered online if the company has a physical location nearby. However, that doesn't mean you can't explore your options with them by bringing in some documentation that proves steady income and current employment status. Most title loan companies in Florida won't run a traditional credit check, but they'll still want to ensure you're not a lending risk. Apply with Car Title Loans 123 to get a title loan and there's a good chance you'll get approved even with a FICO score under 650!

Interest Rates With A Florida Auto Title Loan & How To Apply

When you're approved for a car title loan in FL, the interest rate will not always be consistent, especially among companies from Daytona Beach to Pensacola. Because of that, we tell our customers to expect an APR of around 35% every month, which can be even higher for title loans on motorcycles and boats. We'll do our best to get you the fairest interest rate available, and you can always contact us down the road to see if any refinancing options are available. Some companies will even offer to refinance a title loan if you're behind on the payments, so don't hesitate to contact us and see if we can lower the rate on an existing title loan!

Apply directly online with Car Title Loans 123 or call us at 844-567-5011. We take applications from customers throughout Florida and will work to get you the highest loan amount based on the equity in your vehicle!