Auto title loans can provide a crucial lifeline if you’re facing a sudden financial emergency, such as overdue bills, medical expenses, or surprise transportation costs. Getting car title loans in Arizona is a simple process with Fast Auto Loans, inc., and you can borrow enough money to cover your financial emergency.

In this guide from Fast Auto Loans, Inc., we will go over how much you can borrow from auto title loans in Arizona and what factors determine the value of your car title loan. We will also go over other essential details regarding this type of fast cash loan.

What Are Auto Title Loans?

Auto title loans are short-term loans where your vehicle’s title serves as collateral. You can only get this type of loan if you have fully paid off your vehicle and have no outstanding liens, debts, or judgments. That’s because we have to place a lien on your car title to process the loan, which can only happen if you have a clear vehicle title.

Unlike traditional loans, auto title loans allow you to keep your car while you repay the loan. This makes them a convenient option for addressing urgent financial needs.

How Much Can You Borrow With Auto Title Loans?

At Fast Auto Loans, Inc., we allow borrowers to receive emergency cash through auto title loans to pay for their financial emergency. We provide quick emergency funds to those who need them, but how much they can borrow fluctuates depending on the situation.

We offer between $300 and $15,000 of emergency cash to Arizona title loan borrowers. We suggest to borrowers that they only borrow the amount of money they need, as that can make for a more manageable repayment than borrowing the maximum amount you can qualify for. How much your auto title loan is worth depends on the value of your vehicle.

Vehicle Value Is The Most Important Factor In Determining Title Loan Value

During the approval process for auto title loans, you will have to allow one of our loan representatives to assess the value of your vehicle. They will do a quick inspection to determine how much your vehicle is worth based on a nationally recognized automobile pricing guide.

You use your car title to secure the loan, which is why we use your car value to determine the value of your title loan. The value of your collateral can influence how much we are willing to offer you. A more recent vehicle in better condition will yield a higher loan value than an older, broken-down car.

The following are the factors that can influence car title loan value:

• Year: When the car was originally manufactured and how long you have had it can influence the loan amount. An older car is likely to show wear and tear and be considered less value than a newer model.
• Vehicle Make and Model: Newer models with higher resale values may qualify for larger loans. The brand of the car, which influences how much the car is worth on the market, can also affect your loan amount.
• Vehicle Condition: Well-maintained vehicles may result in higher loan amounts. We will assess the exterior physical condition of the car, how well-maintained the interior of the vehicle is, and whether the car’s parts are all in working condition.
• Mileage: This refers to how many miles you have driven the car, which you can find on the odometer. Lower mileage can positively impact the loan amount.

Does Your Credit Score Affect Auto Title Loan Value?

You may wonder about other factors that can affect your auto title loan value, such as your credit score. You may be worried about the effect your credit score can have on your title loan, especially if you have bad credit or no credit.

Thankfully, Fast Auto Loans, Inc. does not use your credit score to determine title loan approval or the value of your fast cash loan. A car title loan uses a vehicle title as collateral, meaning you do not have to prove your creditworthiness to get approved.

We also base the value of your Arizona title loan on your vehicle value, not your credit score, because that is more relevant to the collateral you provide. You do not have to worry about your credit score when getting a title loan, as it is a bad credit loan you can use to borrow money for a financial emergency.

What Do I Need To Qualify For Auto Title Loans?

Qualifying for auto title loans is easy with Fast Auto Loans, Inc., because of our simple requirements. We understand how much stress urgent expenses can put you in and wish to help you get approved fast for your emergency cash. That’s why we only require Arizona borrowers to meet a few requirements before getting approved for auto title loans.

The following are the required items needed for auto title loan approval:

• Your driver's license or state-issued ID card that verifies you’re over 18 years old
• A lien-free car title in your name
• Your vehicle for an inspection

How Do Auto Title Loans Compare To Other Loan Types?

Now that you understand more about auto title loans, you may wonder whether it is the right choice for your financing. There are other fast cash loans you can get when facing a financial emergency.

One of those options is a traditional bank loan. Title loans are a better option for those looking for quick cash. Bank loans require far more documents and items to get approved, with the approval process taking weeks. You can get same-day approval for auto title loans.

You could also get a registration loan, which uses your car registration as collateral. Unlike a title loan, you do not need to own your vehicle outright or have your vehicle inspected to determine value. However, you can only borrow up to $900 with registration loans, meaning title loans are better for more expensive financial emergencies.

Where Can I Get Auto Title Loans In Arizona?

At Fast Auto Loans, Inc., we allow borrowers to get approved for car title loans without needing to visit an in-store location. You can get approved for online title loans and have one of our loan representatives visit you to verify your required items and vehicle value.

However, we do have title loan store locations available to Arizonans who wish to complete the whole process in person. Our loan representatives will provide excellent customer service in person to help you get approved for an Arizona title loan.

The following are some of the locations for our store locations across Arizona:

• Yuma, AZ
• Flagstaff, AZ
• Tucson, AZ
• Kingman, AZ
• Peoria, AZ
• Prescott Valley, AZ
• Phoenix, AZ

What Is The Process Of Getting Auto Title Loans?

It couldn’t be simpler to obtain auto title loans from Fast Auto Loans, Inc. in Arizona. You can even start the process online or in person. We keep it simple, with just a few steps, so you can easily get the cash you need to pay for your urgent expenses.

The following are the steps involved in getting auto title loans:

• Fill out our online inquiry form with your basic information, such as your name, email address, phone number, zip code, and vehicle details
• Answer a phone call from a loan representative to discuss the process
• Determine a meeting location, such as your home, work, or Arizona store location
• Gather your required items and head to the in-person meeting
• Allow the loan representative to verify your required items and inspect your vehicle's value
• If approved, sign paperwork to complete the process
• Receive your emergency cash the same day or the next business day

Frequently Asked Questions About Auto Title Loans

How long does it take to get auto title loans?

One of the main advantages of auto title loans is the speed of the approval process. At Fast Auto Loans, Inc., you can obtain your loan in less than a day, with the in-person meeting taking less than 30 minutes. If approved, you could receive your funds the same day or the next business day.

Do you get to keep your car with Arizona title loans?

Yes, we do not require borrowers to give up their vehicles. We use your Arizona car title as collateral, not your vehicle. You are only in danger of losing your car if you default on your title loan.

What happens if I can’t repay the loan?

We are willing to work with borrowers who cannot afford a monthly payment. However, borrowers who miss multiple payments run the risk of defaulting on their loan, with late fees and asset seizure possible. If you cannot make payments, reach out to discuss options.

Apply For Auto Title Loans In Arizona – Get Approved For Up To $15,000!

Auto title loans can be a vital resource during unexpected financial challenges, whether for medical expenses, car repairs, or other emergencies. With Fast Auto Loans, Inc., you can quickly access up to $15,000 to get back on your feet.

Ready to get started? Apply now for an Arizona car title loan and get the cash you need today. Fill out our online form or visit us in-store to begin 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.