HOW DO I GET A TITLE LOAN IN AZ?
Use Our Online Application Or Call 623-526-5001 To Get A Quick Quote
You have many choices when applying for a title loan with a vehicle as collateral. Don't make this process difficult by working with a company that doesn't know the unique requirements in AZ. At Desert Title Loans, you can apply online and get an approval notification within 20 minutes or less. We specialize in title loans for consumers in Arizona, and we can walk you through the entire application online or over the phone.
Limited Paperwork Is Required To Get Your Loan Processed
The last thing you want to do is apply for an online title loan only to wait days for official approval. Here at Desert Title Loans, we strive to ensure that doesn't happen. There may be some additional verification and paperwork needed and some loans may require a vehicle inspection. But we aim to get everything processed within one business day. That way, you can move on to funding your loan.
Get Cash in Hand Quickly With Different Funding Options
You have a few options to get your loan proceeds. Once you've signed off on the lending agreement, you can decide how quickly you want to get your cash! Do you want to pick up the funds from a neighborhood company in Phoenix or Tucson? Or do you want the money sent to your bank's checking account? You also have the option of a money order or a direct deposit straight to your debit card.
Why Choose Us For A Title Loan In AZ
At Desert Title Loans, our primary goal is to make it simple and comfortable for any Arizona resident interested in getting a title loan. We all know there are many options for those looking to use their vehicle equity as collateral. But there are limited resources for local lenders here in Arizona. That's where we come in. We specialize primarily in car title loans focusing on AZ residents. So whether you live in Tucson, Tempe, or Flagstaff, we'll do our best to answer your questions and get you approved for online funding with the highest loan amount.
Car Title Loan Requirements In Arizona
A lot goes into getting approved for an auto title loan. Don't make it more complicated by applying with a site that doesn't know the ins and outs of AZ lending restrictions. As we focus on Arizona residents, we know what it takes to get cash in hand in quickly. Compared to payday or installment loans, there are far fewer requirements for a title loan, and you can typically be approved with poor credit. Desert Title Loans will guide you through the entire title loan application process and get you pre-approved for a title loan or registration loan of $200 or more! We make it as easy to cash out equity from your vehicle!
Qualify Fast For An Online Title Loan In AZ
Most lenders can approve you for funding within one business day if you live in Arizona. That's assuming your vehicle has sufficient equity and you've submitted the necessary documents. Some firms will need to inspect the car in person.
Bad Credit Car Title Loans In Arizona
When a company underwrites a car title loan application, they're not focusing on your credit score. Instead, they want to see a vehicle titled in your name with no other lienholders. You should be approved for a bad credit title loan if there's enough equity in your car, motorcycle, or truck.
Pay Off Your Loan Quickly
We all know that title loans come with high interest rates, and your vehicle can be repossessed if you fall behind on the monthly payments. That's why you should work with an online lender that lets you pay off the full amount anytime with no prepayment penalty!
You Can Keep Driving Your Vehicle
Most of the large equity lenders in Arizona will allow you to keep driving a motor vehicle when you agree to a loan. That way, you can still go to work and anywhere else. Ask your loan rep about restrictions on where you can go or if they track your vehicle.
Questions About Car Title Loans In AZ
Can I apply for a title loan entirely online?
Now that many title loan companies in Arizona offer underwriting services entirely online, you can submit everything quickly and get approved in hours. You can always apply with a company in your local neighborhood (Hundreds of companies offer auto title loans in the greater Phoenix area).
Is there any paperwork to send in with my application?
Any company offering title loans in Arizona requires a lien-free car title for a vehicle valued at $3,000 or more. You must also submit proof of insurance, vehicle registration, and proof of ID and residency. In addition, companies may require proof of a checking account and verification that you make more than $2,000 a month.
Will I need to hand over the car title before approval?
A lender will need your car's title to approve any loan using a vehicle as collateral. Giving them your pink slip gives them first rights to your vehicle as they're the primary lienholder. That's why it's essential not to fall behind or violate the lending contract. Most car title loan companies will return the pink slip 30 days after you pay off the loan.
Can I keep driving my car when I get an online title loan in AZ?
Many large title loan companies in Arizona treat your vehicle title as collateral for your loan. Therefore, it's unlikely that you'll have to hand over your car as well. After all, how would you drive to work or go about your daily life without your car? Phoenix is a large area, and you need a vehicle to get around. Don't work with a company that treats your car title loan like a vehicle pawn.
What are the credit requirements in AZ for car title loans?
Car title loans are different from unsecured loans that require excellent credit. When you use a vehicle as collateral for a loan, you allow the lender to take your car if you fall behind on the payments. Some companies may check your credit history, but most don't care about your credit score or past loan defaults. Instead they rely on the equity from your vehicle as collateral for a title loan in AZ.
How long does it generally take for an online approval?
As with any lending decision, all approvals are different and come with specific requirements. For example, Desert Title Loans wants to verify you can repay the loan before determining the annual percentage rate. You can often expect final approval within a few hours of submitting paperwork. You may need to submit to a vehicle inspection, and then you can hand over the pink slip and collect your cash!
How much money can I borrow with a vehicle title loan?
Your loan amount entirely depends on the equity available in your car. Lending amounts for vehicle title loans can range from $200 to $30,000. Use an online calculator to estimate your vehicle's current resale value to see how much you can pay monthly. Lenders generally allow you to borrow 35%-55% of your car's equity with a secured loan.
How does the inspection process work for car title loans?
Many title loan providers in Arizona require a vehicle inspection to confirm that the car has sufficient value. You can complete the inspection at any local office in Flagstaff, Phoenix, Tempe, or Tucson. Inspecting the vehicle takes about 30 minutes, and after that's finished, you can sign the funding documents and get your cash!
- 18444 N. 25th Ave. Phoenix AZ, 85023
- help@deserttitleloans.com
- Phone: 623-526-5001
