When financial emergencies strike, finding a reliable source of quick cash is critical. With an Arizona car title loan from Fast Auto Loans, Inc., you can qualify for a high loan amount compared to other Arizona loans. But why are car title loans so advantageous?

This guide explains why car title loans allow borrowers to receive larger loan amounts and how you can get started today to address your financial needs.

What Makes Arizona Car Title Loans Stand Out?

You can qualify for $300 to $15,000 when getting a car title loan. The ceiling for how much you can get with a car title loan is higher than any other type of quick cash Arizona loan. Each type of Arizona loan is different, and a few things stand out about Arizona title loans that allow you to get approved for more fast cash.

Here are a few reasons you can get a high loan amount for an Arizona car title loan:

1. Your Car Title Is Valuable Collateral

When you apply for this type of loan, you’re providing your lien-free car title as collateral. That collateral has a lot of potential value, depending on your car’s make, model, year, and physical condition. 

If you have a new car without any problems with its maintenance and condition, you can use the car’s high value to get a large loan amount for a car title loan. As such, that value justifies you possibly qualifying for a large amount of money to cover your urgent financial needs.

Loans that do not require collateral or require less valuable collateral will allow you to get approved for a smaller loan amount.

2. Reduced Borrower Risk

With car title loans, the risk for the lender is lower because they hold a lien on your vehicle title. This security allows lenders to offer higher loan amounts without relying on credit scores or extensive financial evaluations.

Borrowers can qualify for car title loans even with bad credit, making these loans accessible to a wide range of people.

3. Your Credit Score Does Not Affect Title Loan Value

Another key reason you can earn the most with an Arizona car title loan is that your credit score isn’t an obstacle. More specifically, you can qualify for a car title loan regardless if your credit is good or bad. That’s because the collateral you need is your lien-free car title. 

While some loan lenders may do a soft credit check, it does not dictate the loan amount of your car title loan.

Conversely, your credit score can affect your loan amount when getting one from a bank or traditional financial institution. They will only lend high amounts to those with good credit. Despite their credit situation, bad credit or no credit borrowers can get high-value Arizona title loans.

What Do You Need To Qualify For An Arizona Title Loan?

Another important advantage of an Arizona car title loan is that you only need a few items to begin the process. At Fast Auto Loans, Inc., we allow Arizona borrowers to get approved for a title loan with only a few items. We keep the process simple to allow you to get approved for a high-value loan, so you can handle your urgent expenses.

Here’s what you need to qualify for this type of loan:

• Valid identification: A driver’s license is needed, but another state-issued ID can also be used.
• Car title in your name: Your car title must be lien-free and registered in your name. If that’s not the case, you must visit your local DMV office first to transfer it to you. That way, you’ll be authorized to use it as collateral.
• Car for physical inspection: A representative must inspect your car briefly to determine its worth. The car stays with you afterward and throughout the loan.

How Fast Can You Receive Your Arizona Car Title Loan?

At Fast Auto Loans, Inc., our process for getting a title loan does not take a long time. In some cases, an Arizona borrower can receive their emergency money the same day they begin the process or the next business day.

If you need financial help with paying for an urgent financial need, you can start the process of getting a car title loan on our website’s homepage. Fill out the online form to submit your basic information. One of our loan representatives will guide you through the rest of the process. They can meet you at your home or office to verify your required items to allow for an easy title loan approval process.

Take Control of Your Finances Today!

Those who need a lot of money to pay for large expenses can turn to Arizona car title loans. This type of loan allows you to receive a large loan amount because it uses a high-value asset to determine the loan amount.

Get your Arizona car title loan by contacting Fast Auto Loans, Inc. right now! Just fill out and submit the online form, and a representative will call you back soon to guide you through the process.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.