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Best Car Title Loans in Tallahassee, FL

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

Car title loans use your vehicle as collateral to get cash quickly. Title loans are secured loans, and the lender can repossess your vehicle if you fail to repay the loan. Our partners at ConsumerAffairs researched the best title loan companies in Tallahassee to help get you through financial difficulties.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. ABC 27 may receive compensation from our partners. Learn more.

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#1
RECOMMENDED
Finova Financial

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Finova Financial
Finova Financial
Features
  • Apply online
  • No prepayment penalty or fee
  • Available in Tallahassee
  • Good credit isn't required
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#2
Adbeth Title Loan Solutions
Adbeth Title Loan Solutions
Features
  • Online application only
  • No minimum income requirement
  • Repay loan in a maximum number of renewal structure
  • Drive your car while repaying
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Location
1006 Miccosukee Rd.
Tallahassee, FL 32308
(850) 610-4400
#3
InstaLoan
InstaLoan
Features
  • No pre-payment penalty
  • Get cash in about 30 minutes
  • Poor credit accepted
  • Loan amounts up to $2,500
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Location
2418 N. Monroe St., Ste. 200
Tallahassee, FL 32303
(850) 523-9148
Title Loans Express
Title Loans Express
Features
  • M-Sat: 8am - 5pm
  • Closed Sun
  • titleloansexpress.com/locations/tallahassee-title-loans
Location
825 Thomasville Rd., Ste. 344
Tallahassee, FL 32303
(850) 757-1438
August Lending
August Lending
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • titleloantallahassee.com
Location
2431 W. Pensacola St.
Tallahassee, FL 32304
(850) 610-4500
Stafford Car Title Loans
Stafford Car Title Loans
Features
  • M-Sun: 7am - 10pm
  • staffordcartitleloans.com
Location
1707 Monticello Dr.
Tallahassee, FL 32303
(850) 757-1200
Today’s Financial Services
Today’s Financial Services
Features
  • M-F: 9am - 6pm
  • Sat: 9am - 2pm
  • Closed Sun
  • todaysfinancialservices.com/florida/tallahassee-auto-title-loans
Location
Serves residents in
Tallahassee, FL
(888) 573-0132
Capital Title
Capital Title
Features
  • M-F: 9am - 6pm
  • Sat: 9am - 4pm
  • Closed Sun
  • mycapitaltitle.com
Location
Serves residents in
Tallahassee, FL
(850) 219-2274
Embassy Loans
Embassy Loans
Features
  • M-F: 9am - 6pm
  • Sat: 10am - 2pm
  • Closed Sun
  • embassyloans.com/car-title-loans-tallahassee-florida
Location
2522 Capital Cir. NE, Ste. 4
Tallahassee, FL 32308
(833) 839-2274

How to get a title loan in Tallahassee

Tallahasee skyline

Many Tallahassee residents prefer car title loans to other available short-term loans, such as payday loans, for multiple reasons. Title loans have lower annual percentage rates (APRs) than payday loans because lenders have collateral they can seize if you default on the payment, which reduces their risk.

In Tallahassee, the Florida Title Loan Act caps interest rates on title loans to:

  • 30 percent per year for the first $2,000
  • 25 percent per year for additional money borrowed between $2,000 and $3,000
  • 18 percent per year for cash borrowed over $3,000

It's important to be aware of other Florida title loan laws so unscrupulous companies do not take advantage of you. Lenders can’t repossess your vehicle until 30 days have passed since you first missed a payment. Lenders must also provide you with a repossession notice and an opportunity for you to turn over your car. Whether your vehicle is repossessed or turned in, your personal property must first be removed. Even after your car is repossessed, you can still pay what you owe to have your vehicle returned or buy back your vehicle during its sale.

How can you get a title loan in Tallahassee?

You can start the process of obtaining a title loan online and bring the necessary documentation to the physical location to finalize it. You don’t need much to qualify for a title loan in Tallahassee, and your credit score is not as important as it is for many other types of loans. You may only be expected to provide:

  • Government-issued photo ID
  • Proof of stable income
  • Proof of residence
  • Valid vehicle registration
  • Car title

Most companies ask for a clear car title, but some lenders work with you if you have a lien on your vehicle.

What fees can title loan companies charge in Tallahassee?

Florida laws do not place any limit on fees lenders can charge on title loans, so look over your loan agreement carefully to see what additional costs may apply. Common hidden costs include:

  • Prepayment fees
  • Transaction fees
  • Origination fees
  • Late fees
  • DMV lien fees

Credit card convenience fees are illegal in the state of Florida, and state laws prohibit lenders from demanding a surcharge if you prefer to make payments with a credit card.

What are repayment schedules like?

Florida does not impose a minimum or maximum loan length for car title loans, but in Tallahassee, it’s common for loans to be paid in a single, lump-sum payment at the end of 30 days. Many lenders also include a monthly payment option with repayment terms of three to six months or more.

Borrowers who elect a lump-sum payment and are not able to pay may be able to get a loan extension. Loan extensions let you renew your term, but you must pay the interest you owe first. At the end of the second term, the entire title loan amount is due, which includes the principal and any additional accumulated interest.

What are the alternatives to title loans in Tallahassee?

Florida has many borrower protections when it comes to title loans, making it one of the best states to get one. There are alternatives, however, for those seeking loans with lower APRs or who want to avoid the possibility of losing their transportation if circumstances require them to default on a title loan.

Alternatives to title loans in Tallahassee

  • Personal loans: Many banks, credit unions or online lenders offer short-term loans at competitive rates.
  • Credit card cash advances: While these often carry high interest rates, the overall APR may be less than a title loan. Cash advances do not require collateral.
  • Contact your creditors: If you need a cash advance to pay bills, talk to your creditors to see if they can offer you more time or split what you currently owe over future payments.

The Federal Trade Commission provides more alternatives and additional information you can consider before taking out a car title loan in Tallahassee.

Finova Financial

Finova Financial VISIT FINOVA FINANCIAL

Finova Financial makes it easy to find out how much you can borrow with their online form and offers same-day cash funding. The company has a maximum 30 percent APR on consumer loans using your car as collateral. Tallahassee customers praise how easy the company is to deal with and the simple loan approval process.

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Adbeth Title Loan Solutions

Adbeth Title Loan Solutions

Adbeth Title Loan Solutions is a local Tallahassee company that provides short-term loan solutions for quick access to the money you need. Borrowers can get an instant loan quote through the company’s online application process. Adbeth Title Loan Solutions promises fair and competitive interest rates on title loans to Tallahassee customers.

InstaLoan

InstaLoan

InstaLoan provides cash to borrowers in as little as 30 minutes. The lender offers first-lien loans on vehicles in amounts from $500 to $1,500 with competitive rates and manageable payment plans. Tallahassee reviewers appreciate how professional and polite representatives were and recommended them above others for short-term loans.

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 judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.