Title Loan Statistics in Richmond, VA
$1,920
Average Title Loan in Richmond
$4,194
Average Vehicle Value
4
Loans Funded in 2025
45.8%
Average Loan-to-Value
Based on 4 title loans funded in 2025
Most Common Vehicles for Title Loans in Richmond, VA
| Vehicle Make | Avg. Year | Avg. Mileage | # of Loans |
|---|---|---|---|
| Honda | 2013 | 210,000 mi | 1 |
| INFINITI | 2017 | 149,628 mi | 1 |
| Nissan | 2020 | 100,720 mi | 1 |
| Subaru | 2010 | 136,000 mi | 1 |
Recent Title Loans Funded in Richmond, VA
The table below shows actual title loans funded in Richmond, VA. Amounts vary based on each vehicle’s make, model, year, and condition.
| Year | Make | Model | Miles | Funded Amount |
|---|---|---|---|---|
| 2013 | Honda | Civic | 210,000 | $1,890 |
| 2017 | INFINITI | QX60 | 149,628 | $2,000 |
| 2010 | Subaru | Outback | 136,000 | $1,900 |
| 2020 | Nissan | Kicks | 100,720 | $1,890 |
Frequently Asked Questions About Title Loans in Richmond, VA
Income from VCU, the VCU Health System, and Richmond’s other hospitals and universities all counts toward Virginia’s ability-to-repay review; it just needs documentation that captures a realistic monthly figure. Bring 60 to 90 days of pay stubs showing base pay plus any shift differentials and overtime, recent bank statements confirming the deposits, and prior-year tax forms if your hours vary or you work per-diem.
Because hospital shift premiums and university schedules can move your pay month to month, borrow against a sustainable monthly average. The loan is capped at $2,500 under Virginia’s Motor Vehicle Title Loan Act and written as a six-to-24-month installment loan, and we disclose the full APR, payment schedule, and total cost before you sign. Confirm the payment fits a normal month.
Recent Richmond loans have clustered around $1,900 to $2,000 – well under Virginia’s $2,500 ceiling. That is a useful reality check: the cap is a maximum, not a target, and most borrowers receive an amount tied to their specific vehicle and income rather than the statutory limit.
Your figure comes from a written appraisal of your vehicle using a recognized pricing guide, capped at no more than 50% of fair market value, plus your documented ability to repay, since the loan is a six-to-24-month installment loan with a set monthly payment. A clear, lien-free Virginia title in your name is required. Treat any “up to $2,500” headline as a ceiling, and focus on the payment you can comfortably carry.
Lower-cost options are usually worth trying first. Richmond has several credit unions that offer small personal loans and Payday Alternative Loans at a fraction of a title loan’s cost, and a nonprofit credit counselor can help arrange a creditor payment plan. Borrowing from family with a written agreement removes interest entirely. A title loan is high-cost and capped at $2,500, so it fits only when faster options are unavailable and you have a clear repayment plan.
If you do borrow, Virginia’s protections limit the downside: no deficiency after a sale unless you damaged or concealed the vehicle, any surplus returned, and a three-business-day right to cancel. The safest approach is to borrow the smallest amount you need and clear it on the first term rather than renewing. Run the numbers against the alternatives before signing.
