If you’re wondering, “How much can I borrow against my car?” you’re not alone. Many people facing unexpected expenses turn to title loans as a fast, flexible option. At Fast Auto Loans, Inc., you could borrow up to $15,000 in Arizona using your vehicle’s title as collateral.

Whether you need to pay off emergency bills or cover car repairs, this guide breaks down how much you may qualify for and how the title loan process works.

How Title Loans Help You Borrow Against Your Car

We here at Fast Auto Loans, Inc. can issue you a vehicle title loan up to $15,000, depending on the resale value and condition of your vehicle. Because your car title serves as the collateral for the vehicle, its condition, age, and make all play into what you may qualify for. As such, when you ask, “How much can I borrow against my car?” Consider these factors to get a rough estimate:

• Condition
• Mileage
• Age
• Make and Model

1. Condition of Your Car

The condition of your vehicle as a whole is significant in determining what you qualify for if you are approved. Scratches, dings, bumps, and stains impact your vehicle’s worth, and thus how much you may get out of a title loan.

Similarly, the internal condition of your vehicle matters. Make sure you keep up with regular oil changes and other scheduled maintenance to keep your car in pristine condition when you need to use the title for borrowing money.

2. Vehicle Mileage

The higher the mileage on your vehicle, the less it will be worth. The simple reason is that the odometer is a fairly solid indicator of wear and tear over the vehicle.

The wear and tear on a car are especially noticeable after the car reaches the 100,000-mile mark, which leaves the car requiring more consistent upkeep. This is likely reducing what you may qualify for if you are approved.

3. Car Age

Similarly, an older car is worth less than one that’s relatively new. This is because age can indicate more wear and tear, meaning the older your vehicle is, the larger the likelihood that it has more damage.

Cars lose more than half of their value during the first five years of use, so if you have multiple vehicles and need a higher loan amount, then a newer car is likely almost always better for securing a larger lump sum of cash.

4. Make and Model

One of the last things we look at is the make and model of your vehicle. Naturally, brands that come with a higher price tag — or those that hold up well over time — will maintain some of that value going into the title loan process. Luxury brands and upgraded package vehicles may positively affect how much you qualify for if you are approved for title loans with us at Fast Auto Loans, Inc. in Arizona.

How To Get A Title Loan In Arizona

Once you’re ready to borrow against your car, here’s how to get started with Fast Auto Loans, Inc.:

Requirements:

• A valid state-issued ID or driver’s license
• A lien-free car title in your name
• Your vehicle for inspection

The process only takes about 30 minutes, and you can even finish it from the comfort of your home or meet at a location convenient for you.

What If I Still Drive My Car?

Good news: Even after getting a title loan, you can still drive your vehicle as usual. You keep possession while making your loan payments.

Our loans are designed to help you access fast cash while keeping your life moving forward.

Why Borrow Against Your Car Title?

When financial emergencies hit, you don’t always have time for credit checks or long application processes. That’s why borrowing against your car with a title loan can be a smart choice.

Some reasons people choose title loans:

• Car repairs
• Medical expenses
• Utility bills
• Unexpected travel or emergencies

Tip: For more info on our process, visit How Title Loans Work.

Ready To Borrow Against Your Car Today?

If you need urgent cash and are asking “How much can I borrow against my car?”, we here at Fast Auto Loans, Inc. can secure you a large sum of money to cover emergency expenses like car repairs, medical bills, or important travel.

If you’re struggling to handle important expenses, then you might consider using the value of your car to secure a loan. Doing so may be a cash flow option to consider, so if you think it’s the right option for you, you can get started with the online form today!

 

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