Car Title Loans in Florida
Legal status, APR limits, repossession rules, and safer alternatives to protect your vehicle in Florida.
Car title loans are legal in Florida under the Florida Title Loan Act (Fla. Stat. § 537). Lenders must be licensed by the Office of Financial Regulation.
Key Loan Terms in Florida
Safer Alternatives in Florida
Before risking your vehicle, consider these options:
- →Florida credit union PALs
- →DCF TANF emergency assistance
- →Florida 211 community resources
- →Nonprofit debt management programs
Title Loans and Selling Your Car
A title loan creates a lien on your vehicle. You cannot sell the car, transfer the title, or refinance until the lien is fully paid off and released by the lender. If you need to sell your vehicle to exit a title loan, coordinate with the lender to use the sale proceeds as a payoff.
Florida requires title lenders to prominently disclose the total cost of the loan before signing. Read the full disclosure and compare the total payoff amount — not just the monthly payment.
Frequently Asked Questions
Are car title loans legal in Florida?
Car title loans are legal in Florida under the Florida Title Loan Act (Fla. Stat. § 537). Lenders must be licensed by the Office of Financial Regulation.
What is the maximum APR for a car title loan in Florida?
30% per month (360% APR). Florida caps title loan interest at 30% per month (up to $2,000), 24% per month ($2,001–$3,000), and 18% per month (over $3,000). Effective APRs can still reach 300%+.
Can a lender repossess my car in Florida?
Florida lenders must provide 30 days written notice before repossessing. After repossession, lenders must store the vehicle for 10 days before disposal.
What are the alternatives to a car title loan in Florida?
Safer alternatives include: Florida credit union PALs; DCF TANF emergency assistance; Florida 211 community resources; Nonprofit debt management programs.
What happens if I cannot repay a title loan?
If you cannot repay a title loan, the lender may repossess your vehicle. Florida allows one rollover if the borrower cannot repay. After the rollover, the lender must offer a 60-day extended repayment plan. Once repossessed, you may have a redemption window — but costs escalate rapidly. Contact a nonprofit credit counselor immediately if you are struggling.
Does a title loan affect my ability to sell the car?
Yes — a title loan creates a lien on your vehicle's title. You cannot sell the car or transfer the title until the lien is paid off and the lender releases it. This can significantly complicate a private sale.