Title Loan Activity in the 24502 Area
3
Loans Funded
$2,467
Average Loan Amount
2016
Average Vehicle Year
Recent Loans Near 1057 Duke Ln
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2017 | Mazda | CX-5 | 136,000 | $3,000 |
| 2016 | Nissan | Murano | 113,356 | $2,500 |
| 2016 | Nissan | Altima | 181,000 | $1,900 |
Actual loan amounts vary based on vehicle condition, mileage, and state regulations.
Most Common Vehicles
Nissan ($2,200 avg), Mazda ($3,000 avg)
Know Before You Borrow in Virginia
- Interest rate cap: 36% per year interest plus optional monthly maintenance fee up to $15/month
- Loan range: Up to $2,500 (no minimum)
- Repayment term: 6 to 24 months
- Regulated by: Virginia State Corporation Commission (SCC) – Bureau of Financial Institutions
For complete Virginia title loan regulations and consumer protections, visit our full Virginia guide.
Quick Answers About Title Loans in Lynchburg
Nissan is the most common vehicle among title loan borrowers in the 24502 area, with 2 loans funded. The average loan amount for a Nissan here is $2,200, with an average of 147,178 miles on the odometer.
Yes. The average vehicle year among borrowers in the 24502 area is 2016. A 2016 Nissan Altima with 181,000 miles recently qualified for $1,900 near Lynchburg. Your vehicle’s condition and value matter more than its age.
Bankruptcy history is less of a barrier for title loans than for traditional financing. Vehicle collateral value and current repayment ability matter more than past credit events. If your bankruptcy has been discharged and you have verifiable income, you may still qualify.
Yes, title loans in Lynchburg carry higher costs than bank loans, personal loans, or credit union products, even with Virginia’s 36% annual rate cap. Monthly maintenance fees add to the total. Compare the total repayment amount in your loan contract against available alternatives before committing.
