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Best Car Title Loans in West Palm Beach, FL

Nov. 19, 2019, 10:57 p.m.

If you’re looking for a short-term loan and own a vehicle, it’s easy to qualify for a title loan. But it’s important to choose a reputable lender offering competitive rates and clear terms. Our partners at ConsumerAffairs researched the best title loan companies in West Palm Beach so you know how this type of borrowing works and where to apply.

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Features
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Credex
Credex
Features
  • M-F: 9am - 5pm
  • Sat: 9am - 2pm
  • Closed Sun
  • credex.net
Location
1441 S. Military Trl.
West Palm Beach, FL 33415
(661) 432-1549
InstaLoan
InstaLoan
Features
  • M-F: 9am - 7pm
  • Sat: 10am - 2pm
  • Closed Sun
  • instaloan.com
Location
2122 N. Military Trl.
West Palm Beach, FL 33409
(561) 293-2930
Haverhill Title Cash
Haverhill Title Cash
Features
  • M-F: 6am - 11pm
  • Sat: 6am - 6pm
  • Closed Sun
  • cartitleloans-westpalmbeach.com
Location
1367 13th St.
West Palm Beach, FL 33401
(561) 463-8881
Larsen Title Loans
Larsen Title Loans
Features
  • M-F: 7:30am - 10pm
  • Sat: 7:30am - 4:40pm
  • Closed Sun
  • larsentitleloans.com
Location
4335 Union Square Blvd., Ste. 267
West Palm Beach, FL 33410
(561) 440-9777
Palmer Financial Title Loans
Palmer Financial Title Loans
Features
  • M-Sun: 7am - 11pm
  • palmbeachgardens-titleloans.com
Location
3804 Northlake Blvd., Ste. 205
Palm Beach Gardens, FL 33403
(561) 501-0044
Embassy Loans
Embassy Loans
Features
  • M-F: 9am - 6pm
  • Sat: 10am - 2pm
  • Closed Sun
  • embassyloans.com
Location
400 Village Blvd., Ste. C
West Palm Beach, FL 33409
(516) 318-0505
Anderson Title Cash
Anderson Title Cash
Features
  • M-Sun: 7am - 11pm
  • westpalmbeachlenders.com
Location
1601 N. Congress Ave.
West Palm Beach, FL 33409
(561) 469-0500
Today's Financial Services
Today's Financial Services
Features
  • Hours unavailable
  • todaysfinancialservices.com
Location
3489 Davie Blvd.
Fort Lauderdale, FL 33312
(888) 573-0132

How to get a title loan in West Palm Beach

West Palm Beach skyline

In a title loan, the borrower hands over the vehicle title to a lender in exchange for cash. The lender holds on to the title as security for the duration of the loan. If the borrower is unable to repay the loan, the lender is allowed to take possession of the car and sell it to get their money back.

You should never rush into a title loan since it comes with the risk of losing your car. The Florida Office of the Attorney General recommends first trying several alternatives:

  • Borrowing from a bank or credit union
  • Asking family or friends for a loan
  • Working on a payment plan with creditors
  • Contacting a credit counseling service
  • Getting financial help from a charity or government agency

If none of these options works and you do decide to apply for a title loan in West Palm Beach, it’s important to know what to expect. Here are answers to common questions.

Who can make title loans in West Palm Beach?

Title loan companies in West Palm must be licensed by the state’s Office of Financial Regulation.

How much can you borrow with a title loan in West Palm Beach?

The amount you can borrow is based on the value of your vehicle.

What is the term of a title loan in West Palm Beach?

Title loans mature 30 days after the date of the agreement. By mutual agreement of the borrower and lender, the term can be extended for one or more 30-day periods. You can drive the vehicle during the loan period.

How much interest is there on a title loan in West Palm Beach?

Interest rates on title loans are much lower than on payday loans. By law, lenders can charge these amounts:

Borrowed amount Annualized interest rate
First $2,000 30%
Additional money between $2,000 and $3,000 24%
Any money above $3,000 18%

To give you context, if you borrow $1,000 over a 30-day period, at the end of a month you will owe at most $25 in interest. For $2,500 borrowed, after 30 days you would owe at most $60 in interest.

Do you need good credit to qualify for a title loan in West Palm Beach?

No. Title loans are made to borrowers of all credit types.

What do you need to qualify for a title loan in West Palm Beach?

You need a vehicle with a clean car title (some lenders make exceptions on this) in your name. Other requirements vary by lender, but you should have ready government-issued photo ID, proof of insurance, proof of income and proof of residency.

Depending on the title loan company in West Palm Beach, you may be able to fill out an online application. Most lenders, however, need to see the vehicle in person to do an appraisal.

Before signing for a title loan in West Palm Beach, read over the terms carefully. The lender is required to show you all costs associated with the loan. Take note of the due date, and understand how to make repayment. If you have questions, be sure to ask the title loan company.

Finova Financial

Finova Financial VISIT FINOVA FINANCIAL

Finova Financial, founded in 2015, offers the Finova Consumer Loan on Car (C LOC) to West Palm Beach vehicle owners. Complete the entire application process online and get a quick decision. You don’t need good credit to qualify, and same-day cash funding is available. Loans come with no prepayment penalty. Customers in Florida like Finova Financial’s representatives and recommend the company to others.

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Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgment or subject matter expert’s judgment. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.