(800) 250-6279GET CASH WITH A TITLE LOAN IN ARIZONA
Your car can be used as collateral for a title loan. Apply online today!
ONLINE CAR TITLE LOANS IN ARIZONA!
Premier Title Loans offers pre-approval for car title loans in Arizona and you can pre-qualify with a lien free paid off vehicle and proof of income. Repayment terms start at 90 days and you can keep driving your vehicle.
Get Qualified For A Car Title Loan In Arizona
Have you ever wondered how much equity you can cash out of your vehicle? By taking out a title loan, you can use the value of your car, SUV, or motorcycle as security for a loan of $1,000 or more. Some title loan companies in Arizona offer larger amounts for high-value vehicles, and your credit score won’t be a primary issue during underwriting as long as there’s enough collateral backing up your loan.
Car title loans have been around for over a decade in Arizona, and Premier Title Loans can guide you through the process of getting pre-approved in less than 30 minutes. In addition to title loans on paid-off cars, registration loans are also available in Arizona for anyone who needs to borrow a few hundred dollars and is willing to use their car’s registration as security. No matter which loan option you apply for, we offer quick pre-approval when you apply online or by calling 800-250-6279.
The Main Requirements For Title Loans IN AZ
– Be a resident of Arizona. You must have a car registered with the Arizona MVD, and you need proof of residency.
– Be 18 or older with a valid ID. A state driver’s license or government-issued ID can be used to verify your identity.
– Have a lien free car title with no cosigners. The car or truck must be completely paid off with no cosigners or third-party lenders. In Arizona, lenders often file a digital lien through the AZ MVD NOW online title system. You’ll keep and drive the car, and the digital lien stays in place until the loan is paid off.
– Have a steady income. Your monthly income must demonstrate that you can make the required monthly payments. Verify your income with pay stubs from an employer or statements from your bank account.
It doesn’t matter if you’re applying for registration loans in Flagstaff or title loans in Tucson. The time it takes to get pre-approved with Premier Title Loans depends on how quickly you can submit the required documents. You only need a few documents to get approved for a title loan in Arizona, and everything can be completed in a matter of hours if all the necessary documents are ready. Many large lenders in Arizona can process your application quickly as long as you provide the necessary qualifying information.
Online Title Loans In Arizona With Bad Credit
One advantage of title loans is that they are available to people with bad credit. Secured loans can be a great option if you need money urgently but have been unable to get a traditional bank loan due to your lending history or the amount you are requesting. Finance companies that offer secured loans in AZ understand that you likely don’t have a great credit score, and most will use any credit inquiry primarily to verify your identity rather than to assess your creditworthiness.
There may be issues, however, if you’re currently bankrupt or in the process of declaring bankruptcy. Most title loan lenders will not work with you in these cases as they consider it too high a risk. You also won’t qualify for a new title loan if you already have a title loan with another lender, as that lender already has a lien on the vehicle’s title.
Title Loan Funding Amounts In AZ
Companies offer title loans in Arizona with funding amounts based on your vehicle’s resale value. Your funding amount also depends on your income and employment history. The minimum loan amount for a title loan in Arizona is typically around $1,000.
Another option in Arizona is a vehicle registration loan. With a registration loan, your vehicle’s registration information serves as collateral. Funding amounts for registration loans are significantly lower than those for title loans, typically ranging from $100 to $1,000.
Premier Title Loans also offers refinancing pre-approval options for applicants who previously took out a title loan with another Arizona lender. Refinancing is an excellent option because, if you’ve made your payments on time, you stand a good chance of securing new repayment terms with a lower interest rate. Refinancing your title loan in Arizona can lower your interest rate, which means a shorter payoff term because more of your monthly payment goes toward the principal rather than interest. Call us at 800-250-6279 to learn about the payoff terms you can expect.
Interest Rates With Title Loans In Arizona
Title loan interest rates in Arizona are regulated as Secondary Motor Vehicle Finance Transactions of the Motor Vehicle Time Sales Disclosure Act (A.R.S. § 44-281 et seq.). With these regulations, title loans are subject to tiered monthly interest rate caps based on the loan amounts:
$500 or less: The maximum monthly finance rate is 17% (204% APR).
$501 to $2,500: The maximum monthly finance rate is 15% (180% APR).
$2,501 to $5,000: The maximum monthly finance rate is 13% (156% APR).
Over $5,000: The maximum monthly finance rate is 10% (120% APR).
Benefits Of Taking Out Arizona Title Loans
– Secured loans are available to people with bad credit throughout Phoenix, Tempe, and other areas of Arizona. It doesn’t matter if you’ve recently had a vehicle repossessed or declared bankruptcy a few years ago. If you own a vehicle free and clear, you can get approved for an online title loan in Arizona with minimal credit checks.
– Apply with Premier Title Loans online or with any licensed lender at locations in Arizona. We can take your application anywhere in Arizona and start processing your loan immediately. When you apply with us, you don’t have to wait days for a pre-approval.
– You may be able to receive funds within hours of approval. Some online companies offer same day direct deposit options for applications completed early in the business day. Local lenders can provide you with cash in person immediately after signing the contract.
Title loan companies in Arizona typically offer longer repayment terms than payday loan companies. While most payday loans must be repaid within a few weeks, title loans typically have repayment terms ranging from 30 days to 60 months, depending on the loan structure. These longer payoff terms let you make lower monthly payments, and you can pay off the entire amount upfront or at any time.
Drawbacks Of Car Title Loans In Arizona
– They are restricted in some areas in Arizona. Certain tribal nations in Arizona may have their own lending regulations that restrict or prohibit title loans within their jurisdiction.
– They come with high monthly interest rates. In Arizona, the monthly finance rate for vehicle title loans can be as high as 17%.
– You need a clean and clear car title. Your vehicle must be free of any liens and show you as the owner.
– If you miss a loan payment, your vehicle can be repossessed. Once the car is repossessed, you have a set period to pay the fees and other charges to retrieve it.
Title loans in Arizona can be a good option for anyone with bad credit who needs cash quickly. Consider all the risks associated with title loans, and use our car title loan calculator before signing any contract. Contact Premier Title Loans online or call 800-250-6279 to apply for a loan using your paid off car as collateral.