(800) 250-6279EMERGENCY CASH WITH A TITLE LOAN IN MESA
Apply with Premier Title Loans to cash out equity from your car or truck!
ONLINE TITLE LOANS IN MESA ARIZONA
Are you a Mesa resident looking to quickly borrow cash? Here at Premier Title Loans, we offer affordable pre-approval for online title loans in Arizona. These car title loans can be processed quickly and you don't need good credit.
Get A Car Title Loan In Mesa, Arizona
Do you own a car that’s 10 years old or newer? If you have a lien-free paid-off vehicle, a government-issued ID, and can verify your income, you stand a decent chance of qualifying for a title loan in Arizona. These loans use your vehicle’s equity as collateral for a loan amount that would never be available from a personal loan lender or bank. Title loans allow you to borrow a percentage of the value of your car or motorcycle, and some customers can qualify for funding as quickly as one business day.
Title loans can be a lifesaver for some people because there are limited underwriting requirements if you have a paid-off vehicle. Now compare that to what you can expect from a personal loan company that requires an excellent credit score and multiple other documents. Premier Title Loans is not a direct lender in Arizona. Instead, we handle the application and pre-approval process and connect you with licensed direct lenders in Mesa to fund your loan.
Car Title Loan Amounts & Interest Rates In Mesa
Car title loan companies can offer larger loan amounts than those typical of payday or installment loans. Expect to receive $2,000 or more with a car title loan in Mesa. Registration loans (available primarily in Arizona and secured by your vehicle’s registration documents) are a bit lower, with loan amounts of $100 or more. Ultimately, your loan amount is based on the vehicle’s value. Cars and trucks with a high resale value and low mileage are ideal collateral for these loans.
The interest rates for title loans are similar to those of other secured loans that require minimal credit checks. Expect a high interest rate with a title loan in Arizona. Under the Motor Vehicle Time Sales Disclosure Act (A.R.S. § 44-281 et seq.), licensed lenders are subject to tiered monthly interest rate caps. These caps are a monthly maximum of 17% for amounts under $500, 15% for amounts between $501 and $2,500, 13% for amounts between $2,501 and $5,000, and 10% for amounts above $5,000.
Because of these high rates, you should apply only to lenders willing to lower or renegotiate the rate after several on-time payments. Also, avoid companies that charge pre-payment penalties, as you can prevent a lot of interest charges by paying off the loan in full before it comes due.
When To Consider A Vehicle Title Loan In Mesa
These secured loans are a decent lending option if you have bad or no credit because they have minimal credit requirements. That means there won’t be a lengthy underwriting process, and you can expect a pre-approval notification in less than an hour when applying online with Premier Title Loans in Mesa.
Bad credit title loans aren’t for everyone, and you should only consider a title loan if you can’t get approved for a personal loan. There’s always the risk of repossession when you take out a car title loan, but you should have no issues if the payments are made on time.
Another reason people turn to title loan lenders is the higher funding amounts. While personal loans and payday loans are offered for less than $1,000 in Arizona, there’s a better chance you can borrow well over $2,000 from auto title lenders in Arizona. That’s because your car is backing up the loan, and title loan companies in Mesa are far more willing to offer high loan amounts when they can tap into your vehicle’s equity if you fall behind.
Vehicle Inspection Requirements For Mesa Title Loans
In almost every situation, you must complete a vehicle inspection to finalize your lending contract. The good news is that it doesn’t take long to inspect your car, and some companies in Mesa can come to you at your business or home. The inspection is generally quick and easy, but it will give the finance company peace of mind that your car is worth the amount they’re lending you. During the inspection, your vehicle will be checked for mechanical and cosmetic damage, and your lender will verify the VIN, mileage, and registration information.
One option gaining popularity is allowing you to use video or other pictures instead of a vehicle inspection. A video of your car can be allowed if you cannot meet with the vehicle inspector or if you’re only borrowing a minimal amount. However, the loan amount for a car title loan without an in-person inspection will likely be lower than that for a typical secured loan. If you have the car, it runs, and it’s in good shape, you shouldn’t hesitate to complete an in-person inspection, as it only takes a few minutes and will likely lead to more favorable funding terms.
Apply With A Local Car Title Loan Company In Mesa, Arizona
Applying for title loans from a local lender with a car or truck is quick and easy, and most applicants will get the cash they need if they have a paid off car, truck, or SUV. Premier Title Loans makes it easy to get a title loan in Mesa. Bring in your car or truck for inspection early in the business day, and you may be able to get pre-approved quickly with the option to pick up the funds in person within one business day of completing the underwriting.
Call 800-250-6279 or apply online to get a no-obligation quote for a title loan on your vehicle.