Have you been hit with an unexpected expense that requires an emergency cash loan? If so, you may be considering getting a vehicle registration loan Arizona and how it works.

This simple guide will walk you through the steps, requirements, and benefits of these short-term loans, especially if it’s your first time applying.

What Is A Vehicle Registration Loan?

A vehicle registration loan is a short-term loan that uses your car’s registration—not the title—as collateral. Unlike title loans, you can still qualify for this car loan without title even if you haven’t paid off your car in full. This can be especially helpful in situations where you need quick cash but aren’t able to use a traditional loan.

Who Can Benefit From Registration Loans In Arizona?

Registration loans can be a great option for those who:

Do Not Own Their Car Outright:

Every third American adult relies on an auto loan to pay for their vehicle. This means that over 30% of people over the age of 18 in the US do not own their car outright.

This can become a problem if a person ever decides to apply for a title loan as the title for the vehicle will become lien-free only once the car is fully paid off.

Thankfully, there is a way for those who have such a valuable asset as a vehicle to use it to borrow money. A registration loan allows you to receive the much-needed cash, even if your title is not clear.

Live In Arizona:

This type of Arizona loans is unique to the state. Using the registration of the vehicle that is in your name in this particular state to get money is completely legal, and many people have already taken advantage of getting this car loan without title.

Need Quick Cash:

Registration loans can be considered by those who have found themselves in an emergency situation. This way of borrowing money allows you to get your hands on the cash in the shortest timeframe as the lenders do not have as many requirements as traditional banks.

You also wouldn’t have to wait until your car is fully paid off with a vehicle registration loan. Get this emergency cash loan exactly when needed without any unwanted complications.

How Is A Registration Loan Different From A Title Loan?

A common question is how a registration loan differs from a title loan. The primary difference is that you don’t need to own the car outright for a registration loan, meaning you can apply for this car loan without title while still making payments on the car. Additionally, no vehicle inspection is required for a registration loan, making the process to apply for a loan in Arizona even quicker and easier.

How To Get Vehicle Registration Loans Arizona?

When there is an emergency that you have to deal with straight away, you wouldn’t want to spend your precious time trying to gather the right documents to be able to borrow the amount that you need.

Fast Auto Loans, Inc. respects your time, and that’s why the whole application process to apply for a loan in Arizona has been made extremely simple.

By the way, one of the main differences between title and registration loans is the fact that when applying for the latter you wouldn’t have to get your vehicle inspected. This fact will make the process even easier (you wouldn’t have to spend time getting the car ready for the inspection).

1. All you would have to do is quickly fill in an electronic form.
2. Wait for a company representative to call you to talk you through the whole process.
3. Head to the nearest store location with all the necessary documents (there are 28 locations for you to choose from).
4. Wait for the agent to determine whether you qualify for approval. With a registration loan, you’ll be able to receive up to $900 which might be just enough to make your life a whole lot easier.
5. Get the sum that you have qualified for as soon as…the same day! Or the next working day.

Apply online to see if you qualify for a registration loan.

What Are The Required Items?

The documents that you will need include:

• An Arizona driver’s license
• Vehicle registration in your name
• An active bank account
• A valid SSN

The best part is that you get to keep your car while repaying the loan, so you can carry on with your regular life.

Frequently Asked Questions

Will applying for a vehicle registration loan affect my credit?

Lenders don’t typically report to credit bureaus or perform credit checks, so applying for a registration loan should not directly affect your credit score.

How long do I have to repay a registration loan?

A registration loan repayment term is typically 12 months or less, depending on the lender, but you should pay back the loan according to the pre-decided loan agreement.

Get Started With Your Registration Loan from Fast Auto Loans, Inc.

You shouldn’t worry about getting a vehicle registration loan , even if you have never applied for one before. The process is extremely simple from start to finish. The representatives at Fast Auto Loans, Inc. understand that you’re already going through a lot and we’re willing to make your life easier by helping you get the money that you need.

The sooner you submit your inquiry for these Arizona loans, the faster you will receive the cash. So, don’t forget to get started 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.