Get An Instant Approval Title Loan In Avondale
Anyone looking for a short term loan in Avondale knows how difficult it can be to find an effective lending option. Most conventional loan companies offer loans of $2,000 in Arizona, but it takes time to get approved, and you need to submit a good amount of paperwork. You'll probably be better off with a personal loan if you have decent credit. However, for most of us with poor credit or anyone looking to borrow more than $1,000, a car title loan may be an effective way to borrow money. You'll use the equity in your car or truck as collateral, and the lender holds the pink slip as the monthly payments are made. Monthly payments on a title loan range from $100 to $400, and most title loan companies allow you to repay your loan early or with extra payments at any time.
Are you only looking to borrow a few hundred dollars? Or maybe you don't want the added risk of having your vehicle repossessed if you can't make the required payments? In those scenarios, a registration loan may be your best bet as these loans also don't require good credit and instead use your car registration as collateral. No matter what type of secured loan you get, it's best to understand how a title loan works in Arizona, and then you can choose the best loan offer. Read on to determine if an Avondale title loan is right for you. After that, you can apply with Desert Title Loans online or by calling 623-526-5001.
What To Look For When You Apply For Auto Title Loans In Avondale, AZ
Once you've found a few potential title loan companies, it's time to compare their offers and repayment terms. Here are a few things to look for to find the best company in Avondale:
-Loan Amount: Most companies in Avondale offer loans based on the value of your vehicle. The loan amount is based on your vehicle's resale value in AZ. Expect approval for $1,000 to $15,000 and you should be able to pull out 25% to 55% of your vehicle's equity value. Some companies offer higher equity percentages if you agree to pawn your vehicle. In that case, you may not be able to drive your vehicle while the loan is repaid, and your lender will keep the vehicle as collateral. Other companies may require the installation of a GPS tracking device so your car can be tracked for the duration of the loan.
-Interest Rates: Interest rates can be very high, and some lenders in Arizona charge an APR of 50% or more. You should expect an APR above 30% even with a registration loan. Apply with a company like Desert Title Loans to find the best interest rate with a title loan in Avondale. We may not fund your loan directly, but we'll get a few quotes from direct lenders in Arizona and all of these companies will compete to offer you the most competitive APR.
-Repayment Terms: Title loans have monthly repayment terms that range from 4 months to 4 years. Because of that wide range, you should develop a payoff term that fits your budget but repays the loan quickly. We recommend finding a local title loan company that doesn't charge a pre-payment penalty. That way, you can pay off your loan any time and avoid a situation where most of your monthly payment goes towards the finance charges!
Refinancing and Loan Buyouts In Avondale
Are you struggling with a high interest rate on an existing title loan? Or have you recently defaulted on the payments, and is your lender threatening to repossess the vehicle? None of those situations are ideal, but Desert Title Loans can now help you with a refinance or loan buyout in Avondale that will get you back on track with your payments. Our new lending offers can bring your APR down under 45%, and that's a huge savings if your interest rate is 60% or higher!
Contact Desert Title Loans to reduce the interest rate on your title loan. We can also work with your existing lender to bring your loan back to its current status. Are you facing an imminent vehicle repossession? We may also help with a loan buyout with new lending terms and a lower monthly payment.
Get Approved For Car Title Loans In Avondale AZ, With Bad Credit
Do you need quick cash but have bad credit, bankruptcy, or repossession on your credit record? Don't worry; you can still get approved for car title loans online in Avondale with our help. Here at Desert Title Loans, we understand that financial emergencies can happen to anyone, regardless of their credit history. That's why we offer online estimates to all applicants, even those with bad or no credit.
You can even count on seeing some improvement in your credit score if the monthly payments are reported on time to the different credit bureaus. That's because a secured loan will show lenders that you're a responsible borrower who can make timely payments, even if you have bad credit.
Do you have a car that's not paid off but still want to apply for a bad credit title loan? You may be in luck as Desert Title Loans offers title loans without a credit check on motorcycles, semi trucks, and RVs and similar to a car title loan you don't need to deal with the hassles of a credit check when applying! Any vehicle with a value that can be titled with the Arizona MVD can be used as collateral, and most motorcycles and RVs will qualify if they're completely paid off and the year 2020 or newer.
Apply Now For Car Title Loans Near Me In Avondale
To get started, you can complete the online application here on Desert Title Loans or call us at 623-526-5001 to apply over the phone. We'll get you an auto title loan quote in Avondale with your car's information, contact details, and requested loan amount. Most customers can qualify with a vehicle valued at $3,000 or more and we'll get you an estimate in less than an hour. Once you're approved for online car title loans with no inspection in Arizona, we'll connect you with a direct lender in your neighborhood who can offer cash funding that same day!
