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Are Title Loans Available in Miami, Florida?

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Does Florida Allow Title Loans?

Yes, the state of Florida does allow title loan companies to operate within the state. However, title loan lenders MUST be licensed by the state Office of Financial Regulation in Florida. In addition to that requirement, you must have a written agreement with your lender before receiving your funds. This is to help prevent predatory lending practices and to keep the borrower fully informed of things like:

  • Loan Terms
  • Interest Rates
  • APR
  • ETC!

If you are a resident looking to apply for alternative funding, then yes, title loans are available in Miami, Florida.

Which Title Loans are Available in Miami, Florida?

Title loans can be called a few different names, such as car title loans, pink slip loans, or even auto equity loans. While the name may be different, there are many title loan options available in Miami, Florida! With a car title loan, you essentially borrow a percentage of your car’s value. To do that, you will need to use your car, truck, or motorcycle’s title as collateral for the loan. You can still drive your vehicle during the repayment period if you make your loan payments on time. Failure to do so could mean losing possession of your car!

If you are a Florida resident, you will need your car’s title and a steady income to start your car title loan inquiry.  It can be that simple to get started!

Do I Need Good Credit to Apply for a Car Title Loan in Miami, Florida?

No! You do not need perfect credit to apply for a car title loan. That is because title loans are secured loans, meaning that a car title is an established form of collateral for the loan. Using collateral during any loan agreement can make the application process much more flexible. That is because it reduces the lending risk for the lender! So a person without a strong credit history can potentially qualify for a car title loan in Florida.

While you may not qualify for an unsecured loan because of your credit history, a title loan could be a different experience. So don’t let your bad credit stop you form applying for the financial help you need as a resident of Miami, Florida!

How Much Can You Get for a Title Loan in Miami, Florida?

The amount of money you can borrow through a car title loan in Miami, Florida, will largely depend on two factors:

  • The Amount of Positive Equity in Your Car
  • Your Income/ Ability to Pay Back the Loan


A significant amount of positive equity in your car is advantageous for a number of reasons.

However, for a title loan, the more equity you have in your vehicle, the more you can potentially access! As long as you have enough income to support a monthly loan payment, you can access up to 50% of your car’s current equity through a title loan in Miami, Florida.

The amount of money you can borrow will largely depend on those factors. However, in some states, there is a cap on how much you can borrow through a title loan. In Florida, the caps are on the amount of interest a borrower can be charged per payment period.

Questions about how much you can borrow through a car title loan in Florida? Just visit the ChoiceCash title loan website to learn more about title loans! Fill out the short inquiry form to see what you can potentially qualify for through a title loan online.

Fill Out a Simple Form and Start Your Title Loan Inquiry Today

Ready to apply for a title loan in Miami, Florida? Its not a huge hassle! Just fill out the preapproval form and enter the following information into the form:

  1. Your Car’s Make and Model
  2. The Style of Your Car
  3. The Number of Miles it Currently Has Listed on the Odometer
  4. The Year Your Car Was Manufactured
  5. And the VIN ( Vehicle Identification Number)

While you will need to provide additional information about yourself and some paperwork, that is the essentials needed to get started. It can be that simple! If you are the legal age to apply for a title loan, have a steady income, and have a title to a qualifying vehicle in your name, applying for a car title loan can be a breeze. Don’t wait to see if your income and car could qualify for the financial help you need!

Kossi Adzo is the editor and author of He is software engineer. Innovation, Businesses and companies are his passion. He filled several patents in IT & Communication technologies. He manages the technical operations at

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