Are you considering a car title loan but worried about losing your vehicle? Rest assured, you can get a loan against your car title and continue driving your vehicle without interruption. Here’s everything you need to know about how car title loans work and how you can benefit from them in Arizona.

What You Need to Know About Car Title Loans

Can You Still Drive Your Vehicle If You Get A Loan Against Car Title?

Yes, you can! When you get a car title loan, your vehicle’s title is used as collateral, but you get to keep and drive your car. The biggest advantage of a car title loan is that it allows you to maintain your transportation while addressing your financial needs. Fast Auto Loans, Inc. does not take your car; instead, we place a lien on your title and release it once you repay the loan in full.

What Items Are Required for a Car Title Loan?

Since we don’t keep your vehicle, you might be wondering what is required. You won't have to deal with a long list of required items to get a title loan from us. You don't even need to have a perfect credit rating to apply! We use your vehicle’s condition to determine how much you could get. After that, you just need the following to determine if you qualify for approval:

• A driver's license or a state-issued photo ID;
• A lien-free title to your vehicle in your name;
• your vehicle for a quick inspection.

When Do I Get My Title Back?

Once we put a lien on your title, we will hold it while you repay the loan in full. Don’t worry, your title is in safe hands. Just make sure that the title you are using doesn’t already have an outstanding lien on it. If it does, you’ll have to get that handled before you come in. And as for when you get your title back, you will get the title once you are finished repaying the loan.

What Condition Does My Car Need To Be For This Loan?

When it comes to your vehicle, you’ll have to make sure it is in decent condition. Remember, the amount you qualify for depends heavily on your vehicle's worth. This means if there is major damage, you might not get the amount you are hoping for. But don’t worry, the inspection only lasts five minutes in total. We calculate its value by looking at the following factors:

• Your car's age;
• Your car's make and model;
• Your car's odometer reading;
• Your car's cosmetic and mechanical condition;

What If My Car Is Not Fully Paid Off?

Besides having a lien-free title, you’ll also have to make sure your vehicle is fully paid off. We do not allow you to use a vehicle that is still being paid off or that has a title with an outstanding lien on it. If the vehicle you planned on using does not meet these requirements, you can’t use it for this Arizona car title loan.

 

What Is The Car Title Loan Process?

As you can see, you don’t have to worry about losing your vehicle when it comes to getting a loan against car title. Since you now know you can keep driving your car while you repay the car title loan with us at Fast Auto Loans, Inc., follow the simple steps here to get one to fund your emergency right now:

1. Complete the online inquiry form with the relevant information so it can go to the nearest car title loan location. Be accurate here, so you don't prolong the process.
2. We will give you a call to tell you about the documents you need and set up a meeting location. You can choose to come to our store or ask us to visit your home or workplace.
3. Regardless of the destination, make sure you have the required items with you so we can assess the items and inspect your vehicle.
4. We will determine if you qualify for approval and by how much. If you agree, we will help you finish the paperwork. Once done, you can receive the money the same day or the next.

Get an Arizona Car Title Loan Today!

Now you know you can still drive when you get a loan against car title, all you need to do is give us a call or complete the online form. Our representatives are always on hand to help you out. They'll be in touch as soon as they receive your request for an Arizona car title loan. So just fill out the online form to start the process right now.

 

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