When you need quick cash for an emergency expense, you can borrow between $300 and $15,000 when getting cash for title. But what does it mean to get cash for your vehicle’s title? Title loans allow you to use your lien-free vehicle title as collateral for a lump sum of cash. Lenders like us at Fast Auto Loans, Inc. place a lien on your lien-free title to your car, truck, or van to secure an emergency cash loan.

But, of course, there is a lot more you need to know about this kind of loan before you decide it’s the loan for you. So, before you begin the process for an auto title loan with us in Arizona, here is some information you need to know first. This information will help you completely make sure you understand how to get fast cash for your title and how our process will go.

Read This Guide To Learn The Car Title Loan Process

What Does Getting Cash For Title Mean?

As we said, getting cash for title means using your lien-free vehicle title as collateral to secure a loan for emergency expenses. The good thing is, when you come to Fast Auto Loans, Inc., you can qualify for an auto title loan even if you have a less-than-perfect credit history! Plus, with a title loan from us, you retain the use of your vehicle, even while you're repaying the loan.

We will be using your title as collateral, so that means we are not interested in keeping your vehicle while making payments on the loan. All you have to do is stick to the repayment schedule as agreed upon in your terms and you're free to use your car when you please. All we will do is place a lien on your title and hold onto it while you repay the loan. Once the car loan is repaid, we will remove the lien and safely return your title to you.

How Much Cash Can You Get For This Loan?

Now you understand what it means to get cash for title, you probably want to establish how much emergency cash you can qualify for with us. Our loan limits run from $300 to $15,000, but the specific number you qualify for with a vehicle title loan depends on the value of your car, truck, or van. To establish your vehicle's worth, we consider the following factors:

• Age — Vehicles often lose up to 60% of their value during the first five years on the road. Don't expect an old model to be worth as much as a new one unless it's a classic car.
• Mileage — Average mileage is between 10,000 and 12,000 miles a year. Anything above that, and your car won't be worth as much as a lower-mileage vehicle.
• Make and model — Naturally, higher-end vehicles like Range Rover, BMW, and Tesla are usually in better condition. This means you’ll likely get more for a higher-end vehicle.
• Service history — Keeping up with regular service says that the car is in as good a condition as possible. Therefore, having an updated service history will increase the vehicle's worth.
• Cosmetic condition — Things like stained seat covers and dents can affect the value of your car, van, or truck. Taking good care of your vehicle means scoring a high loan amount.
• Mechanical condition — We assess its mechanical condition alongside its service history. Keep up with regular oil changes and tire rotations to maintain its value.

What Do You Need To Get A Car Title Loan?

When it comes to getting cash for car title, you need to know what’s required of you. The good thing is our list of requirements is short and simple to remember. When it comes to a car title loan, all you need is your driver’s license or state-issued photo ID, your vehicle’s lien-free title, and your vehicle. Once you have these items, we will be able to help you get through the car title loan process quickly.

Your driver’s license or state-issued photo ID proves to us that you are of legal age. You can’t get this loan – or any loan, for that matter – unless you are at least 18 years old. When it comes to the lien-free title, this is what we use as collateral. It has to be free of any outstanding loans and in your name. And the vehicle is for inspection to help us determine how much quick cash you can get.

The Easy Process To Get Cash For Your Title

Now that you know what it means to get cash for your lien-free title, all that’s left is to start the process. Just fill in the online inquiry form and hit submit. It sends your information straight to your nearest auto title loan location. We will give you a call once we get your information. During the phone call, we will set up your vehicle inspection at our store location or at a location more convenient to you, such as your home or office.

Whether you come to the store or we meet you, make sure you have the required items ready. We will examine your items and inspect your vehicle to determine if you qualify for approval and for how much. If you are satisfied with the amount, we will go over your quick loans terms and you will finish the paperwork. Once done, you can get the emergency cash you need either the same day or by the next bank business day.

FAQs About Vehicle Title Loans

What is a lien-free title?

A clear or lien-free car title simply means that you own your car outright, with no outstanding loans or judgments against it. To get a title loan with Fast Auto Loans, Inc. you need to have a clear or lien-free car title.

Can I still qualify with bad credit?

Absolutely! Good credit, bad credit, or no credit. For most title loan amounts, any credit is welcome. Fast Auto Loans, Inc. is committed to helping you get the cash you need. We will work with you under any credit situation.

How old do I have to be to apply?

In Arizona, you must be at least 18 years of age to qualify for a title loan.

What if my vehicle title is not in my name?

To get a title loan with Fast Auto Loans, Inc. you need to have the vehicle title in your name. You will need to go to the DMV and have the title transferred to your name before applying for a loan.

How do you determine the value of my vehicle for a title loan?

The value of your vehicle is based on the value as stated in a nationally recognized pricing guide, and the condition of the vehicle, as determined by a physical inspection.

Submit Your Car Title Loan Inquiry Right Now!

The next time you need emergency money, you know how to get cash for title from us at Fast Auto Loans, Inc. quickly. We’ve made the car title loan process as straightforward as possible and our customer service representatives are available for any questions along the way. 

So now all you have to do is apply! Just fill out the online form now on our homepage to get started on our process and get the cash you need 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.