Title Loan Statistics in Wilmington, DE
$766
Average Title Loan in Delaware
$2,714
Average Vehicle Value
7
Loans Funded in 2025
28.2%
Average Loan-to-Value
Based on 7 title loans funded in 2025
Most Common Vehicles for Title Loans across Delaware
| Vehicle Make | Avg. Year | Avg. Mileage | # of Loans |
|---|---|---|---|
| Chevrolet | 2013 | 123,829 mi | 2 |
| Dodge | 2001 | 179,936 mi | 1 |
| Hyundai | 2006 | 187,000 mi | 1 |
| Lincoln | 2007 | 190,000 mi | 1 |
| Mazda | 2007 | 205,000 mi | 1 |
Recent Title Loans Funded in Delaware
The table below shows actual title loans funded in Delaware. Amounts vary based on each vehicle’s make, model, year, and condition.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2007 | Mazda | CX-9 | 205,000 | $1,000 |
| 2007 | Chevrolet | Impala | 110,657 | $700 |
| 2019 | Chevrolet | Equinox | 137,000 | $355 |
| 2001 | Dodge | Durango | 179,936 | $200 |
| 2007 | Lincoln | MKZ | 190,000 | $800 |
| 2006 | Hyundai | Azera | 187,000 | $405 |
| 2015 | Subaru | Forester | 123,067 | $1,900 |
Frequently Asked Questions About Title Loans in Wilmington, DE
Recent Wilmington, DE title loans funded through Montana Capital have landed between about $200 and $1,900, with a typical amount around $766. The figure is driven by your vehicle’s appraised value, and local borrowers have historically received roughly 28% of that value, adjusted for year, mileage, and condition. Delaware does not set a maximum loan amount by law, but the total term cannot exceed 180 days from issue date. A clear, lien-free title and documented ability to repay the monthly payment are required. Delaware also gives you a right to cancel by the end of the next business day after receiving loan money, with a full refund and no fees. Before signing, confirm the lender shows you the full APR, payment schedule, and total cost, and verify the lender’s license through the Office of the State Bank Commissioner.
A recent title loan funded in Wilmington on a 2007 Chevrolet Impala with 110,657 miles closed at $700. For a Chevrolet Impala in Wilmington, DE today, the supported loan depends on the specific year, mileage, title status, and mechanical condition. Newer, lower-mileage examples tend to appraise higher and can support a larger loan, while older, higher-mileage sedans typically land at the lower end of the local range. The historical local ratio sits near 28% of appraised value, which means an Impala appraised at $3,500 today might support a loan close to $980, subject to ability-to-repay review and a maximum 180-day term under Delaware law. A clear, lien-free title is required. The final figure comes from a written appraisal, so treat any firm quote issued before the vehicle is inspected with caution.
Missing a payment on a Delaware title loan sets a specific sequence in motion. The servicing team will reach out by phone and written notice, and late fees and interest continue to accrue during that period. Before repossession, Delaware law requires the lender to offer you a workout agreement that lowers the amount owed by at least 10 percent per month; you then have ten business days to accept. If the account stays in default, the next step is repossession of the vehicle, because the title secures the loan. Once the lender takes the car, interest stops accruing. After the sale, Delaware does not allow a deficiency judgment, so you are not responsible for any shortfall if the vehicle sells for less than the balance. Any surplus above the balance must be returned to you within 30 days. Before signing, confirm the monthly payment fits your budget.
A title loan is a high-APR secured debt, so lower-cost options are worth exploring first. In Wilmington, a local credit union may offer a Payday Alternative Loan or a small personal loan at a meaningfully lower rate than a title loan contract, because Delaware does not cap APR on title loans and contract rates in the state have ranged from 36 percent to 150 percent. An unsecured personal loan from a bank or online lender can work for borrowers with fair credit. Borrowing from family or friends, even with a written payment agreement, removes interest entirely. A title loan may make sense only when you need funds quickly, you own the vehicle outright, and other credit is unavailable. On a $1,000 six-month loan at 150 percent APR, the total due is roughly $1,480, which is about $480 in charges. Run those numbers against the alternatives before signing.
To apply for a title loan in Wilmington, DE, you generally need four documents. First, a clear, lien-free vehicle title in your name, or proof that any existing lien will be paid off at closing. Second, a valid government-issued photo ID that matches the name on the title. Third, proof of income or ability to repay: recent pay stubs, bank statements, benefit award letters, or self-employment records. Fourth, proof of Delaware residence such as a utility bill or lease. The lender must give you written disclosure of the loan amount, interest, fees, payment terms, and total due, along with information about credit counseling services, before you sign. Verify the lender is licensed through the Office of the State Bank Commissioner. Remember that Delaware allows you to cancel by the end of the next business day after receiving loan money for a full refund, so review everything carefully.
