Get A Vehicle Title Loan In Chandler
Title loans with no credit checks can be an excellent option for anyone in Chandler who can't qualify for an unsecured loan or simply for those looking to borrow $1,000 or more. By using your car as collateral for a loan, you can borrow more than you'd get with a personal loan, and most customers can get approved using a 2010 or newer vehicle as security. Borrow between $1,000 and $25,000 with an auto title loan from a licensed lender in Chandler, AZ, and Desert Title Loans can get you an initial estimate in minutes! All you have to do is submit your vehicle info and contact details online or call us at 623-526-5001 to get a quote over the phone.
With your vehicle title as collateral, a lender can offer cash for any short-term financial needs - think of unexpected emergencies or sudden bills like auto repairs or medical bills. Apply online with us today, and a customer service representative will get back to you within minutes to underwrite your application and determine how much money you can borrow (we need just 10-15 minutes to process your application). There are no long waits - Arizona title loans are available immediately for those who qualify, and you don't need perfect credit to get funded!. Let's get into the details about how auto title loans work in Chandler and what's required.
What's Required For Title Loans In Chandler
The short answer is a vehicle title, proof of income, and an active checking account with direct deposit. The car has to be completely paid off and titled in your name. It can't be a shared vehicle with any cosigners, and you can't have an existing title loan where the car is in danger of repossess or a recent bankruptcy. We need some form of income verification to ensure you can afford the required payments, and any payment stubs from your employer or bank records will be acceptable. Some lenders in Chandler require additional documents showing your vehicle is registered with proper insurance that covers its full value if it's damaged or destroyed in an accident. You'll likely need a liability insurance policy of at least $20,000 in Arizona. However, for the most part, a lien-free vehicle title and proof of monthly income of $1,500 or more a month is the main requirement to get approved for this type of collateral loan.
Loan Amounts With Online Title Loans In Chandler, AZ
Funding amounts depend on your vehicle's equity value and your monthly income. Expect a loan of 40% to 75% of the vehicle's resale value, with most customers qualifying for at least $1,000 using a car with fewer than 125,000 miles. Repeat applicants can expect a higher loan amount, and some newer vehicles will be eligible for a loan of $10,000 or more. You can determine your monthly payment based on the amount you borrow. For example, loan amounts of $5,000 or more are often repaid in 24 to 36 months, and the repayment term can be longer if you need a lower monthly payment. For loans under $5,000, you can expect a repayment term of 8 to 24 months. Some customers choose to repay their loans in 6 months or less; the repayment term is entirely your choice. While you only need to pay what's due monthly, you always have the option to pay extra at any time or pay off your loan immediately.
You may also want to consider a commercial truck title loan if you live in Chandler, as these loans offer a better chance of approval with a truck worth $5,000 or more. Similar to a vehicle title loan, you must hand over the pink slip as collateral. But unlike some car title loans, you'll still be able to keep driving your car or truck, and the funding amounts are far higher than those of a typical car title loan. Besides the higher loan amount, you may also see a lower interest rate than other high-dollar unsecured loans, as the equity from your semi truck backs your loan amount.
Responsible Repayment Tips To Avoid Repossession
As you probably know, the main drawback to a title loan in Chandler is that your vehicle can be repossessed if you fall behind on the payments. You typically have a few days or weeks to catch up on the payments after falling behind, but some lenders will jump at the chance to repossess your vehicle, and at that point, the clock is ticking for them to sell your car or truck at auction. The best tip we can give to avoid a scenario where you are facing a repossession is to plan ahead and limit your initial loan amount to what you need for a financial emergency. Also, contact your lender as soon as you feel there's a chance you'll miss your monthly payment. Suggest an alternative solution where your lender will still get their money but only at a lender date, or ask them if they can take a lower monthly payment so that you can pay something.
Title loan companies in Chandler will work with you on a payment extension, and some will even negotiate a new payment plan or refinance your loan. But you need to be open to different options and let them know before you get too far behind on the amount owed!
Apply Online Or With A Licensed Local Lender In Chandler
The most significant advantage to applying in Chandler with Desert Title loans is convenience. Why drive around town looking for a local company when you can get started with our online application and be matched with multiple licensed title loan providers in Arizona? We also promise a low interest rate from our network of lenders, as they will all compete for your business! Quick approval times are another great benefit of Desert Title Loans, as you will usually hear back from us with a yes or no answer within minutes! Lastly, there's a good chance you can get your cash in one business day if you apply before 2 pm MST. Lenders can send the funds through direct deposit in 24 hours, and some companies in Downtown Chandler and Ocotillo provide cash in hand if you need funds that same day!
Desert Title Loans allows our customers to qualify for a higher loan even if they have poor credit or can't show proof of full time employment. As long as you can show proof of income from an investment, Government benefits, or an annuity, we can likely get you approved for a title loan - just let us know what's going on, and we can discuss options. It's easier than you think to get cash for your car in Chandler, AZ, and there's a bonus of getting multiple quotes for other financing options, like car title loans for bad credit.
Sometimes, you may feel more comfortable applying with a neighborhood company offering direct title loans and registration loans in Chandler. Dozens of local lenders all over Maricopa County are ready to offer cash for your vehicle and you can never go wrong working with a licensed lender near you. Get started on an application with Desert Title Loans and find out how much money you can get with a title loan in Arizona. Apply online or call us at 623-526-5001!
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