Title Loans in Pensacola, Florida

Get cash with Barron Car Title Loans

About Us

When you do a search for title loans Pensacola, the last thing you want to do is drive 30 minutes away to obtain your loan. You don’t have to worry about that with our office, as it’s centrally located in Pensacola. Whether you take surface streets or freeways to get here, it won’t take long before you spot that Barron Financial Car Title Loans sign. There’s easy access to parking, and our friendly loan representatives greet everyone who walks into our office.

When you talk to a representative, make sure to tell them if you were preapproved through an online application. The representative will give you a breakdown of how the entire title loan process works and clear up any questions that you may have. When you’re ready to finish up the application process, you’ll simply complete a few forms and show a representative your car for a quick inspection. From there, you hand over the car title and we’ll issue the loan. Provided that we don’t have too many customers when you visit, odds are you’ll complete the entire process in under an hour.

How It Works

If you’re in the process of searching for title loans Pensacola, you’re probably looking to get cash in your pocket right away. Here at Barron Financial Car Title Loans, we make speed and convenience our main priorities, which is why we have an efficient, streamlined online title loan application. All you have to do is go over to the form right here on our site and fill in a few key pieces of information on your car, which include

  • Year
  • Make
  • Model
  • Approximate Mileage

It’s that easy, and you can get your title loan preapproval within seconds. Once you submit that information to us, we’ll estimate the maximum amount you could receive with that car through a title loan. Of course, we do have to make sure there’s nothing wrong with your car that could lower its value, so we’re only able to provide an estimate online.

What about the type of documents you need to bring in when applying for title loans Pensacola? You don’t need anything you wouldn’t already have with you when you drive somewhere. All we’ll need to see when you come in to the Barron Financial Car Title Loans office is a government-issued identification to check that you’re 18 years of age or older, along with your car title. We’ll need your car title while you’re paying back your title loan, and once it’s paid in full we’ll return the title.

Laws and Regulations

Looking for some more information on title loans Pensacola? Whether you’re completely new to the title loan process and want to understand it better, or you’re wondering if Florida has any specific title loan laws, we’ve got you covered.

There are two types of loans: secured and unsecured. For secured loans, the borrower puts up property as collateral, and for unsecured loans, they do not. This puts title loans in the secured loan category, as you’re using your car for collateral. Title loans are short-term loans, as Florida limits loan terms to 30 days.

Florida has several great state-specific regulations that benefit title loan borrowers. Interest rates on title loans in Florida are among the lowest in the nation because the state sets caps on them. For loans that are $2,000 or less, you’re looking at a maximum APR of 30 percent. Loans between $2,000 and $3,000 can have a maximum APR of 24 percent. Finally, any loan that exceeds $3,000 can have a maximum APR of 18 percent.

While there is that term limit of 30 days for Florida’s title loans, the borrower and lender can choose to extend the loan for more 30-day terms, as long as they put it in writing. The interest rate cannot go up, which is another benefit for borrowers.

How much can you get through a title loan? The answer to that depends entirely on your car. We use your car’s current market value to calculate your loan amount. One of the best things about a title loan is that your credit doesn’t come into play at all. There’s no credit check during the application process, so you don’t have to worry about us denying your application or only qualifying you for a small loan because of bad credit.

Another thing you don’t have to worry about is finding any other way around during your title loan. You keep your car throughout the entire repayment period, which means no looking up bus routes or asking friends for rides.

Now, you may be wondering about the worst-case scenario: repossession. If you default on your loan, there is the possibility of repossession. Again, Florida offers several protections. First, the lender has to give you an opportunity to surrender the car yourself. They need to wait 30 days after your payment’s due date for any repossession. They must also allow you to remove any personal items from the car. Even after your car is repossessed, you can still get it back by paying the balance of your loan. Failing that, you can even bid on your car at the auction to buy it back.

We’ll be honest with you – no one wants to repossess your car. For us, it’s a difficult, time-consuming process simply to repossess a car, let alone sell it. It works much better for us when you’re able to pay off your loan. If you’re having trouble coming up with the money for a payment, it’s best to communicate with us regarding that so we can figure out a solution with you. The vast majority of borrowers, for both title loans Pensacola and across the country, keep their cars the entire time and pay back their loans.