Are you a consumer considering getting fast cash with car title loan for a financial emergency but you’re worried about losing your vehicle? Rest assured, you can get a loan against car title and continue driving your car with title loan without any interruption.

Here’s everything you need to know about how car title loans work and how you can get the cash you need and keep driving your car with a title loan in Arizona.

What You Need To Know About An Arizona Title Loan

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

Yes, you can keep driving your car with a title loan! When applying for an Arizona title loan, your vehicle’s title is used as collateral and a form of security, but you get to keep and drive your car. The good advantage and probably one of the biggest of using car titles for a 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 Auto Title Loans?

Since we don’t keep your vehicle when getting fast cash with car title loan, you might be wondering about our auto title loans policy and what is required by borrowers to be eligible. You won't have to deal with a long list of required items to borrow with a title loan from us. You don't even need to have a perfect credit rating to apply, such as a traditional bank loan! You can get a title loan with lien-free title to your vehicle, but the amount you can get will be determined by the condition of that vehicle.

After that, you just need the following to determine if you qualify for car loan 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 Vehicle Title Back?

Once we put a lien on your title, we will hold it while you pay 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. As for when you get your title back, the title will be returned to you once you finish repaying the loan.

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

When it comes to your vehicle, you’ll have to make sure it is in decent condition. Remember, the amount you qualify for with an auto loan 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 for one of these loans, you must also ensure your vehicle is fully paid off. We do not allow you to use a vehicle 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 title loan.

What Is The Car Title Loan Process In Arizona?

As you can see, you don’t have to worry about losing your vehicle when getting personal loans 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 personal 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, be sure to have the requirements with you so we can assess the items and inspect your vehicle.
4. We will then determine if you qualify for approval and for how much. If you agree to the fee, as well as the terms and interest rates for the auto title loan, we will help you finish the paperwork. Once done, you can receive the money the same day or the next.

Title Loan FAQs

What if the car 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 much can I borrow with a title loan?

Your title loan amount depends on the value of your vehicle. The maximum you can obtain is $15,000.

What is the total amount of the loan, including interest and fees?

Please look at your title loan agreement for all loan terms and fees. Your loan representative will go through all loan terms and fees with you before you sign the loan agreement.

How long does the approval process take?

From the time you enter one of our Fast Auto Loans, Inc. locations, it takes as little as 30 minutes to be approved for a car title loan.

Get Car Title Loans Arizona 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 to access our loan offers. Our representatives are on hand to offer the guidance and support you need when considering your borrowing resources.

Once you complete and submit the Arizona title loan online request form, you'll get a call soon after. So just fill out the online form to start the car title loan process in Arizona 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.